SPX Technologies, Inc. (NYSE:SPXC – Get Rating) VP John Webster Nurkin sold 11,131 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $71.46, for a total value of $795,421.26. Following the completion of the transaction, the vice president now owns 88,196 shares of the company’s stock, valued at approximately $6,302,486.16. The sale was disclosed in a document filed with the SEC, which is available through this link.
SPX Technologies Stock Performance
Shares of NYSE:SPXC opened at $66.75 on Friday. The company’s 50 day simple moving average is $71.14 and its 200 day simple moving average is $67.31. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of -6,675,000.00, a price-to-earnings-growth ratio of 1.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.16 and a quick ratio of 1.43. 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, February 23rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.19. The business had revenue of $429.30 million for the quarter, compared to analysts’ expectations of $416.00 million. SPX Technologies had a net margin of 0.01% and a return on equity of 13.14%. The firm’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. As a group, research analysts predict that SPX Technologies, Inc. will post 3.49 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on SPXC. Oppenheimer raised their target price on shares of SPX Technologies from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. StockNews.com initiated coverage on shares of SPX Technologies in a research report on Thursday, March 16th. They issued a “hold” rating for the company.
Institutional Trading of SPX Technologies
Hedge funds and other institutional investors have recently modified their holdings of the stock. Amalgamated Bank grew its stake in shares of SPX Technologies by 0.7% in the third quarter. Amalgamated Bank now owns 20,553 shares of the company’s stock worth $1,135,000 after purchasing an additional 145 shares during the last quarter. The State of Alaska Department of Revenue lifted its holdings in SPX Technologies by 0.5% in the fourth quarter. The State of Alaska Department of Revenue now owns 31,465 shares of the company’s stock valued at $2,065,000 after buying an additional 145 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of SPX Technologies by 4.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,189 shares of the company’s stock valued at $275,000 after purchasing an additional 183 shares during the period. New Century Advisors LLC raised its holdings in shares of SPX Technologies by 62.7% during the third quarter. New Century Advisors LLC now owns 506 shares of the company’s stock valued at $28,000 after purchasing an additional 195 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in shares of SPX Technologies by 0.6% during the first quarter. Great West Life Assurance Co. Can now owns 39,156 shares of the company’s stock valued at $1,982,000 after purchasing an additional 232 shares during the period. Institutional investors own 92.06% of the company’s stock.
SPX Technologies Company Profile
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SPX Technologies, Inc engages in the supply of infrastructure equipment. It operates through the HVAC and Detection and Measurement segments. The HVAC segment engineers, designs, manufactures, installs, and services cooling products and engineered air quality solutions to the HVAC and industrial markets, as well as heating and ventilation products for the residential and commercial markets.
Further Reading
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