New Age Alpha Advisors LLC Takes Position in SPX Technologies, Inc. (NYSE:SPXC)

New Age Alpha Advisors LLC acquired a new position in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,624 shares of the company's stock, valued at approximately $382,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPXC. Allworth Financial LP increased its stake in SPX Technologies by 123.3% during the 4th quarter. Allworth Financial LP now owns 163 shares of the company's stock valued at $25,000 after buying an additional 90 shares during the period. Empowered Funds LLC acquired a new stake in SPX Technologies in the 4th quarter valued at about $27,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of SPX Technologies by 2,055.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock valued at $28,000 after purchasing an additional 185 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of SPX Technologies by 377.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company's stock valued at $29,000 after purchasing an additional 151 shares in the last quarter. Finally, Spire Wealth Management acquired a new position in shares of SPX Technologies in the 4th quarter worth approximately $57,000. 92.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SPXC has been the subject of a number of research reports. Oppenheimer upgraded shares of SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 target price for the company in a report on Wednesday, February 26th. UBS Group decreased their target price on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Finally, Sidoti raised SPX Technologies from a "neutral" rating to a "buy" rating in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $174.75.

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SPX Technologies Trading Down 3.4 %

SPX Technologies stock traded down $4.28 during midday trading on Friday, reaching $122.56. The stock had a trading volume of 676,310 shares, compared to its average volume of 274,143. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 1.33 and a beta of 1.22. The firm's fifty day simple moving average is $140.96 and its two-hundred day simple moving average is $152.30. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. SPX Technologies, Inc. has a twelve month low of $116.05 and a twelve month high of $183.83.

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.