New York State Common Retirement Fund Has $52.55 Million Position in SPX Technologies, Inc. (NYSE:SPXC)

New York State Common Retirement Fund cut its holdings in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 9.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 329,572 shares of the company's stock after selling 33,338 shares during the period. New York State Common Retirement Fund owned about 0.71% of SPX Technologies worth $52,554,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Assenagon Asset Management S.A. increased its stake in shares of SPX Technologies by 132.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 120,904 shares of the company's stock worth $19,279,000 after purchasing an additional 68,798 shares during the last quarter. Signaturefd LLC increased its position in SPX Technologies by 65.2% during the third quarter. Signaturefd LLC now owns 542 shares of the company's stock worth $86,000 after buying an additional 214 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in SPX Technologies by 7.1% in the third quarter. Sequoia Financial Advisors LLC now owns 3,301 shares of the company's stock valued at $526,000 after buying an additional 219 shares during the period. Jade Capital Advisors LLC acquired a new stake in shares of SPX Technologies in the third quarter valued at approximately $1,595,000. Finally, Raymond James & Associates boosted its stake in shares of SPX Technologies by 30.4% during the 3rd quarter. Raymond James & Associates now owns 57,098 shares of the company's stock worth $9,105,000 after acquiring an additional 13,312 shares during the period. Institutional investors own 92.82% of the company's stock.

SPX Technologies Stock Performance

SPXC traded up $1.71 on Friday, reaching $145.20. The company had a trading volume of 273,046 shares, compared to its average volume of 221,029. The stock has a market cap of $6.72 billion, a P/E ratio of 39.03, a P/E/G ratio of 1.43 and a beta of 1.22. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.81 and a current ratio of 1.85. SPX Technologies, Inc. has a fifty-two week low of $77.90 and a fifty-two week high of $173.30. The company's fifty day moving average is $157.76 and its 200 day moving average is $146.67.

SPX Technologies (NYSE:SPXC - Get Free Report) last posted its earnings results 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 the consensus estimate of $501.02 million. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 earnings per share. As a group, analysts predict that SPX Technologies, Inc. will post 5.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer cut SPX Technologies from an "outperform" rating to a "market perform" rating in a research note on Thursday, July 18th.

SPX Technologies Company Profile

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.