Sparton Corporation (NYSE:SPA) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a report released on Tuesday.

Separately, Zacks Investment Research raised shares of Sparton Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 12th.

Sparton Corporation (NYSE SPA) traded down 0.43% during mid-day trading on Tuesday, hitting $23.10. The company had a trading volume of 142,371 shares. Sparton Corporation has a 1-year low of $16.83 and a 1-year high of $26.43. The firm’s market capitalization is $227.17 million. The company has a 50 day moving average of $20.79 and a 200 day moving average of $21.15.

Sparton Corporation (NYSE:SPA) last released its quarterly earnings results on Tuesday, May 9th. The electronics maker reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.06. Sparton Corporation had a positive return on equity of 12.79% and a negative net margin of 10.61%. The company had revenue of $95.41 million for the quarter, compared to analyst estimates of $100.90 million. During the same quarter last year, the company earned $0.34 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts predict that Sparton Corporation will post $0.76 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC boosted its stake in Sparton Corporation by 4.4% in the first quarter. Acrospire Investment Management LLC now owns 4,745 shares of the electronics maker’s stock valued at $100,000 after buying an additional 202 shares during the period. American International Group Inc. raised its position in shares of Sparton Corporation by 6.9% in the first quarter. American International Group Inc. now owns 5,762 shares of the electronics maker’s stock valued at $121,000 after buying an additional 373 shares in the last quarter. ClariVest Asset Management LLC bought a new position in shares of Sparton Corporation during the first quarter valued at approximately $127,000. Engine Capital Management LLC raised its position in shares of Sparton Corporation by 4,104.5% in the first quarter. Engine Capital Management LLC now owns 6,517 shares of the electronics maker’s stock valued at $137,000 after buying an additional 6,362 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Sparton Corporation during the first quarter valued at approximately $204,000. 66.17% of the stock is owned by institutional investors and hedge funds.

About Sparton Corporation

Sparton Corporation is a provider of design, development and manufacturing services for electromechanical devices, as well as engineered products complementary to the same electromechanical value stream. The Company operates through two segments: Manufacturing & Design Services (MDS) and Engineered Components & Products (ECP).

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