Creative Planning lifted its position in shares of SPX Technologies, Inc. (NYSE:SPXC – Get Rating) by 23.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,921 shares of the company’s stock after purchasing an additional 931 shares during the quarter. Creative Planning’s holdings in SPX Technologies were worth $272,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. New Century Advisors LLC lifted its position in shares of SPX Technologies by 62.7% during the 3rd quarter. New Century Advisors LLC now owns 506 shares of the company’s stock valued at $28,000 after buying an additional 195 shares in the last quarter. Fairfield Bush & CO. purchased a new position in shares of SPX Technologies during the 1st quarter valued at approximately $35,000. Assetmark Inc. lifted its position in shares of SPX Technologies by 486.5% during the 2nd quarter. Assetmark Inc. now owns 1,349 shares of the company’s stock valued at $71,000 after buying an additional 1,119 shares in the last quarter. Keybank National Association OH purchased a new position in shares of SPX Technologies during the 3rd quarter valued at approximately $201,000. Finally, KBC Group NV purchased a new position in shares of SPX Technologies during the 2nd quarter valued at approximately $200,000. Institutional investors and hedge funds own 92.06% of the company’s stock.
Insider Buying and Selling at SPX Technologies
In other SPX Technologies news, Natausha VP Heleena White sold 10,190 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $69.83, for a total value of $711,567.70. Following the transaction, the vice president now owns 33,518 shares in the company, valued at approximately $2,340,561.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded SPX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 30th.
SPX Technologies Trading Down 0.6 %
Shares of NYSE:SPXC opened at $76.71 on Monday. The business’s 50-day moving average price is $68.63 and its 200-day moving average price is $63.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.24 and a quick ratio of 1.53. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 103.66, a price-to-earnings-growth ratio of 1.25 and a beta of 1.22. SPX Technologies, Inc. has a 1 year low of $41.66 and a 1 year high of $78.30.
SPX Technologies (NYSE:SPXC – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.15. The company had revenue of $370.50 million for the quarter, compared to analyst estimates of $352.00 million. SPX Technologies had a return on equity of 11.87% and a net margin of 2.45%. On average, equity research analysts forecast that SPX Technologies, Inc. will post 2.91 earnings per share for the current fiscal year.
SPX Technologies Profile
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SPX Technologies, Inc is a supplier of engineered products and technologies in the HVAC and detection and measurement markets. The company was founded in 1912 and is headquartered in Charlotte, NC.
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