Dana Investment Advisors Inc. Acquires Shares of 6,017 SPX Technologies, Inc. (NYSE:SPXC)

Dana Investment Advisors Inc. purchased a new position in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,017 shares of the company's stock, valued at approximately $855,000.

Other institutional investors have also modified their holdings of the company. Nordea Investment Management AB grew its position in shares of SPX Technologies by 160.6% during the first quarter. Nordea Investment Management AB now owns 382,490 shares of the company's stock worth $47,069,000 after acquiring an additional 235,720 shares during the last quarter. GSA Capital Partners LLP bought a new position in SPX Technologies in the 1st quarter valued at about $1,522,000. American Century Companies Inc. grew its position in SPX Technologies by 195.2% in the 2nd quarter. American Century Companies Inc. now owns 14,492 shares of the company's stock valued at $2,060,000 after buying an additional 9,582 shares in the last quarter. Victory Capital Management Inc. grew its position in SPX Technologies by 15.7% in the 2nd quarter. Victory Capital Management Inc. now owns 73,768 shares of the company's stock valued at $10,485,000 after buying an additional 10,010 shares in the last quarter. Finally, Capital World Investors grew its position in SPX Technologies by 31.7% in the 1st quarter. Capital World Investors now owns 379,569 shares of the company's stock valued at $46,736,000 after buying an additional 91,266 shares in the last quarter. Institutional investors own 92.82% of the company's stock.

SPX Technologies Price Performance

SPXC traded up $3.72 on Friday, reaching $162.32. The company had a trading volume of 197,579 shares, compared to its average volume of 251,744. SPX Technologies, Inc. has a one year low of $77.84 and a one year high of $165.13. The company has a current ratio of 1.28, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $7.50 billion, a P/E ratio of 79.18, a PEG ratio of 1.60 and a beta of 1.22. The company has a fifty day moving average of $152.84 and a 200-day moving average of $140.86.

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

Wall Street Analysts Forecast Growth

Separately, Oppenheimer lowered 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.