Hood River Capital Management LLC Has $26.66 Million Stock Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Hood River Capital Management LLC grew its position in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 1,342.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 187,537 shares of the company's stock after purchasing an additional 174,537 shares during the period. Hood River Capital Management LLC owned about 0.41% of SPX Technologies worth $26,657,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Crewe Advisors LLC bought a new stake in shares of SPX Technologies during the second quarter worth $28,000. Canada Pension Plan Investment Board bought a new stake in shares of SPX Technologies during the second quarter worth $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 worth $30,000 after acquiring an additional 193 shares in the last quarter. Hilltop National Bank bought a new stake in shares of SPX Technologies during the second quarter worth $39,000. Finally, YHB Investment Advisors Inc. bought a new stake in shares of SPX Technologies during the first quarter worth $51,000. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Stock Down 0.3 %

SPX Technologies stock traded down $0.44 during mid-day trading on Monday, reaching $162.13. The company's stock had a trading volume of 243,548 shares, compared to its average volume of 255,083. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 79.30, a price-to-earnings-growth ratio of 1.54 and a beta of 1.22. SPX Technologies, Inc. has a 12 month low of $77.84 and a 12 month high of $165.13. The business's 50 day simple moving average is $151.13 and its 200 day simple moving average is $138.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.28.

SPX Technologies (NYSE:SPXC - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.17. The firm had revenue of $501.30 million during the quarter, compared to analysts' expectations of $492.08 million. SPX Technologies had a net margin of 5.53% and a return on equity of 19.20%. The company's revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 earnings per share. As a group, research analysts anticipate that SPX Technologies, Inc. will post 5.54 earnings per share for the current year.

Analyst Ratings Changes

Separately, Oppenheimer downgraded shares of SPX Technologies from an "outperform" rating to a "market perform" rating in a research report on Thursday, July 18th.

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.