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

A number of other research firms have also recently commented on SPA. B. Riley reissued a “neutral” rating and issued a $24.00 target price on shares of Sparton Corp. in a research note on Monday, September 12th. Zacks Investment Research raised Sparton Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $27.67.

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

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Sparton Corp. (NYSE:SPA) last issued its quarterly earnings results on Tuesday, September 6th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.18. Sparton Corp. had a positive return on equity of 13.39% and a negative net margin of 9.13%. The company had revenue of $107.10 million for the quarter. During the same period in the previous year, the company earned $0.65 earnings per share. Sparton Corp.’s revenue for the quarter was down 15.3% on a year-over-year basis. On average, equities analysts expect that Sparton Corp. will post $1.58 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL boosted its stake in Sparton Corp. by 0.7% in the second quarter. Gamco Investors INC. ET AL now owns 43,638 shares of the company’s stock valued at $950,000 after buying an additional 300 shares during the period. ZPR Investment Management acquired a new stake in Sparton Corp. during the first quarter valued at approximately $763,000. Beddow Capital Management Inc. boosted its stake in Sparton Corp. by 10.2% in the first quarter. Beddow Capital Management Inc. now owns 628,715 shares of the company’s stock valued at $11,311,000 after buying an additional 58,135 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Sparton Corp. by 4.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 133,139 shares of the company’s stock valued at $2,395,000 after buying an additional 5,584 shares during the period. Finally, Kennedy Capital Management Inc. boosted its stake in Sparton Corp. by 3.0% in the first quarter. Kennedy Capital Management Inc. now owns 399,038 shares of the company’s stock valued at $7,179,000 after buying an additional 11,521 shares during the period. 67.30% of the stock is currently owned by institutional investors.

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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