Mutual of America Capital Management LLC Raises Position in SPX Technologies, Inc. (NYSE:SPXC)

Mutual of America Capital Management LLC increased its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 212.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,744 shares of the company's stock after acquiring an additional 16,145 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of SPX Technologies worth $3,786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPXC. Crewe Advisors LLC purchased a new position in shares of SPX Technologies in the 2nd quarter worth about $28,000. Canada Pension Plan Investment Board bought a new position in shares of SPX Technologies in the second quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new stake in shares of SPX Technologies during the third quarter valued at approximately $28,000. UMB Bank n.a. increased its position in shares of SPX Technologies by 965.0% during the second quarter. UMB Bank n.a. now owns 213 shares of the company's stock valued at $30,000 after acquiring an additional 193 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in SPX Technologies in the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 92.82% of the company's stock.

SPX Technologies Stock Up 2.0 %

SPXC traded up $3.46 during trading on Friday, hitting $176.01. 259,896 shares of the company's stock traded hands, compared to its average volume of 249,085. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 47.35, a PEG ratio of 1.68 and a beta of 1.22. The company's 50 day simple moving average is $161.34 and its two-hundred day simple moving average is $150.73. SPX Technologies, Inc. has a 12-month low of $83.98 and a 12-month high of $176.35. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49.

SPX Technologies (NYSE:SPXC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. The company had revenue of $483.70 million for the quarter, compared to analysts' expectations of $501.02 million. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. SPX Technologies's revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $1.06 earnings per share. Analysts predict that SPX Technologies, Inc. will post 5.56 earnings per share for the current fiscal year.

About SPX Technologies

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.