Sparton Corp. (NYSE:SPA) has been given a consensus broker rating score of 3.00 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus target price of $24.00 for the company and are predicting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also given Sparton Corp. an industry rank of 60 out of 265 based on the ratings given to its competitors.
Several equities research analysts have issued reports on the company. CJS Securities downgraded Sparton Corp. from an “outperform” rating to a “market perform” rating and set a $24.00 price target for the company. in a report on Tuesday, September 20th. B. Riley restated a “neutral” rating and issued a $15.00 price target on shares of Sparton Corp. in a report on Wednesday, September 7th. Finally, Zacks Investment Research upgraded Sparton Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 12th.
Sparton Corp. (NYSE:SPA) opened at 25.85 on Thursday. The company has a 50 day moving average price of $24.41 and a 200-day moving average price of $21.36. The company’s market capitalization is $253.12 million. Sparton Corp. has a 52 week low of $11.19 and a 52 week high of $26.43.
Sparton Corp. (NYSE:SPA) last announced its quarterly earnings results on Tuesday, September 6th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the 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 earned $107.10 million during the quarter. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue was down 15.3% compared to the same quarter last year. On average, equities analysts anticipate that Sparton Corp. will post $1.53 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of SPA. Beddow Capital Management Inc. boosted its position 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 in the last quarter. Emerald Acquisition Ltd. purchased a new position in Sparton Corp. during the second quarter valued at $986,000. ZPR Investment Management purchased a new position in Sparton Corp. during the first quarter valued at $763,000. Capital Management Corp VA boosted its position in Sparton Corp. by 29.7% in the second quarter. Capital Management Corp VA now owns 119,120 shares of the company’s stock valued at $2,593,000 after buying an additional 27,300 shares in the last quarter. Finally, State Street Corp boosted its position in Sparton Corp. by 16.3% in the second quarter. State Street Corp now owns 166,422 shares of the company’s stock valued at $3,624,000 after buying an additional 23,324 shares in the last quarter. 67.37% of the stock is 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).