Sparton Corporation Insider Sells $43,380 in Stock (SPA)
Sparton Corporation (NYSE:SPA) Insider Robert L. Grimm II sold 1,500 shares of Sparton Corporation stock on the open market in a transaction dated Monday, June 2nd. The shares were sold at an average price of $28.92, for a total transaction of $43,380.00. Following the completion of the sale, the insider now directly owns 24,588 shares in the company, valued at approximately $711,085. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Sparton Corporation (NYSE:SPA) traded down 0.14% during mid-day trading on Wednesday, hitting $28.53. The stock had a trading volume of 9,731 shares. Sparton Corporation has a one year low of $15.79 and a one year high of $33.81. The stock’s 50-day moving average is $27.07 and its 200-day moving average is $28.24. The company has a market cap of $279.9 million and a P/E ratio of 18.41.
Sparton Corporation (NYSE:SPA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.11. The company had revenue of $83.93 million for the quarter, compared to the consensus estimate of $77.68 million. Sparton Corporation’s revenue was up 28.8% compared to the same quarter last year. On average, analysts predict that Sparton Corporation will post $1.52 earnings per share for the current fiscal year.
Separately, analysts at Barrington Research initiated coverage on shares of Sparton Corporation in a research note on Wednesday, April 16th. They set a “market perform” rating on the stock.
Sparton Corporation (NYSE:SPA) provides electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, and field service.
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