Sparton Corp. (NYSE:SPA) was downgraded by stock analysts at CJS Securities to a “market perform” rating in a research note issued on Tuesday.

A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Sparton Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 12th. B. Riley restated a “neutral” rating and set a $24.00 price objective on shares of Sparton Corp. in a research note on Monday, September 12th. Five equities research analysts have rated the stock with a hold rating, Sparton Corp. presently has an average rating of “Hold” and a consensus price target of $27.67.

Sparton Corp. (NYSE:SPA) opened at 24.83 on Tuesday. Sparton Corp. has a 12-month low of $11.19 and a 12-month high of $25.60. The firm has a 50-day moving average of $22.88 and a 200-day moving average of $20.47. The stock’s market capitalization is $243.14 million.

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Sparton Corp. (NYSE:SPA) last issued its quarterly earnings data on Tuesday, September 6th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.18. Sparton Corp. had a negative net margin of 9.13% and a positive return on equity of 13.39%. The business had revenue of $107.10 million for the quarter. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Sparton Corp.’s revenue for the quarter was down 15.3% compared to the same quarter last year. Equities research analysts forecast that Sparton Corp. will post $1.58 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Sparton Corp. during the second quarter valued at approximately $167,000. Engine Capital Management LLC boosted its position in shares of Sparton Corp. by 0.6% in the second quarter. Engine Capital Management LLC now owns 369,878 shares of the company’s stock worth $8,052,000 after buying an additional 2,091 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Sparton Corp. by 1.3% in the second quarter. Janus Capital Management LLC now owns 542,797 shares of the company’s stock worth $11,817,000 after buying an additional 6,721 shares in the last quarter. State Street Corp boosted its position in shares of Sparton Corp. by 16.3% in the second quarter. State Street Corp now owns 166,422 shares of the company’s stock worth $3,624,000 after buying an additional 23,324 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Sparton Corp. by 13.8% in the second quarter. Rhumbline Advisers now owns 13,474 shares of the company’s stock worth $293,000 after buying an additional 1,630 shares in the last quarter. Hedge funds and other institutional investors own 67.30% of the company’s stock.

About Sparton Corp.

Sparton Corporation, through its subsidiaries, provides design, development and manufacturing services for complex electromechanical devices, as well as sophisticated engineered products. The Company operates in two segments: Manufacturing & Design Services (MDS) and Engineered Components & Products (ECP).

5 Day Chart for NYSE:SPA

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