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Stock Market & Financial Investment News

News Breaks
March 18, 2014
08:17 EDTSPASparton completes acquisition of Aubrey Group
Sparton announced that it completed an all-cash transaction to acquire Aubrey Group, an $8M revenue business. Aubrey will continue to service its current and future customers out of its Irvine, California location. Aubrey Group is a design and manufacturing company using technologies to develop new products for OEMs in the Medical and Biotechnological markets. Aubrey Group is FDA registered, ISO 13485 and ISO 9001 certified, licensed by the California Food and Drug Branch and compliant with FDA Design Controls, IEC, and UL requirements. Further, a Class 100K clean room is available to offer sterile packaging, sealing, and sterilization validation services. The transaction was funded through Spartonís borrowings under the credit facility currently in place with BMO Harris Bank.
News For SPA From The Last 14 Days
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February 8, 2016
10:00 EDTSPAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: A-Mark Precious Metals (AMRK) downgraded to Neutral from Buy at B. Riley... Antero Midstream (AM) downgraded to Neutral from Outperform at Baird... AstraZeneca (AZN) downgraded to Hold from Buy at HSBC... Baker Hughes (BHI) downgraded to Equal Weight at Morgan Stanley... Brixmor (BRX) downgraded to Neutral from Outperform at Boenning & Scattergood... CBOE Holdings (CBOE) downgraded to Underperform from Outperform at CLSA... Cisco (CSCO) downgraded to Buy from Conviction Buy at Goldman... Citi Trends (CTRN) downgraded to Neutral from Buy at MKM Partners... Commerzbank (CRZBY) downgraded to Underperform from Market Perform at Keefe Bruyette... DexCom (DXCM) downgraded to Neutral from Outperform at Baird... EnLink Midstream (ENLC) downgraded to Underperform from Outperform at Baird... Energy Transfer Equity (ETE) downgraded to Neutral from Outperform at Baird... Energy Transfer Partners (ETP) downgraded to Neutral from Outperform at Baird... Eversource (ES) downgraded to Equal Weight from Overweight at Barclays... Genesis Healthcare (GEN) downgraded to Sell from Neutral at UBS... Givaudan (GVDNY) downgraded to Neutral from Buy at Goldman... HSBC (HSBC) downgraded to Underweight from Equal Weight at Morgan Stanley... Nomura (NMR) downgraded to Hold from Buy at Deutsche Bank... Novo Nordisk (NVO) downgraded to Sell from Neutral at UBS... ONEOK Partners (OKS) downgraded to Underperform from Neutral at Baird... ONEOK (OKE) downgraded to Neutral from Outperform at Baird... PPL Corp. (PPL) downgraded to Hold from Buy at Evercore ISI... Plains All American (PAA) downgraded to Underperform from Outperform at Baird... Plains GP Holdings (PAGP) downgraded to Underperform from Neutral at Baird... Quanta Services (PWR) downgraded to Neutral from Buy at UBS... Ralph Lauren (RL) downgraded to Neutral from Overweight at Atlantic Equities... Sparton (SPA) downgraded to Market Perform from Outperform at Barrington... Tableau (DATA) downgraded to Equal Weight at Morgan Stanley... Tallgrass Energy GP (TEGP) downgraded to Neutral from Outperform at Baird... WisdomTree (WETF) downgraded to Underperform from Market Perform at Keefe Bruyette.
07:15 EDTSPASparton downgraded to Market Perform from Outperform at Barrington
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February 5, 2016
18:42 EDTSPASparton CEO Cary Wood resigns, Joseph J. Hartnett named Interim CEO
Sparton CEO Cary Wood has resigned as its President and CEO effective immediately. Also, Michael Osborne, Senior VP, Corporate Development, has left the company, also effective immediately. Also effective immediately, Joseph J. Hartnett, current Chairman of the Board of Directors, has been appointed as interim CEO and will serve in that position until a new President and CEO has been appointed. Hartnett has stepped down as Chairman and from the board's Audit Committee but will remain on the board. Sparton Board Member James R. Swartwout has been appointed by the board as chairman. Osborne's duties have been reassigned to other members of Sparton's senior management team. The Board of Directors is actively conducting a search for a new CEO. It is expected that when appointed, the new CEO will also serve as a member of Sparton's board. Hartnett has served as a member of Sparton's board of Directors since 2008 and as Chairman since 2014. Hartnett has served as a member of the Audit Committee of the board but has resigned from the Committee upon his becoming interim CEO.
February 2, 2016
16:49 EDTSPASparton to implement customer-facing enhancements
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16:47 EDTSPASparton reports Q2 sales backlog $264M, up 16% vs. last year
Reports Q2 sales backlog of approximately $264M, representing a 16% increase over the prior year quarter, but a 5% decrease from the end of the Q1 of FY16.
16:46 EDTSPASparton reports Q2 adj. EPS 25c, consensus 27c
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