SPX Technologies (NYSE:SPXC) Shares Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of SPX Technologies, Inc. NYSE: SPXC. In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in SPX Technologies stock on December 6th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Block NYSE: SQ on 12/30/2024.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 12/30/2024.
• Sold $1,001 - $15,000 in shares of Ambev NYSE: ABEV on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Grupo Financiero Banorte OTCMKTS: GBOOY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Cadre NYSE: CDRE on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Coloplast A/S OTCMKTS: CLPBY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 12/23/2024.
• Sold $1,001 - $15,000 in shares of Trane Technologies NYSE: TT on 12/23/2024.
• Purchased $1,001 - $15,000 in shares of Walmart NYSE: WMT on 12/20/2024.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/19/2024.

SPX Technologies Price Performance

NYSE SPXC traded down $0.26 on Thursday, reaching $148.58. The company's stock had a trading volume of 203,460 shares, compared to its average volume of 320,426. The firm has a market cap of $6.89 billion, a PE ratio of 39.94, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30. 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, Inc. has a 52 week low of $97.55 and a 52 week high of $183.83. The business has a 50-day moving average price of $158.02 and a 200 day moving average price of $155.23.

SPX Technologies (NYSE:SPXC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 earnings per share 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 analyst estimates of $501.02 million. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The company's revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.06 EPS. Sell-side analysts expect that SPX Technologies, Inc. will post 5.57 EPS for the current year.

Wall Street Analysts Forecast Growth

SPXC has been the topic of several analyst reports. UBS Group lowered their target price on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Sidoti cut shares of SPX Technologies from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $187.00 to $175.00 in a research note on Friday, December 6th. Finally, Wolfe Research began coverage on shares of SPX Technologies in a research note on Monday, November 25th. They issued an "outperform" rating and a $199.00 target price for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $168.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPXC. American Century Companies Inc. raised its stake in shares of SPX Technologies by 195.2% in the second quarter. American Century Companies Inc. now owns 14,492 shares of the company's stock worth $2,060,000 after acquiring an additional 9,582 shares during the last quarter. Dana Investment Advisors Inc. bought a new position in SPX Technologies in the 2nd quarter valued at $855,000. Mutual of America Capital Management LLC boosted its position in SPX Technologies by 212.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 23,744 shares of the company's stock valued at $3,786,000 after buying an additional 16,145 shares during the last quarter. Barclays PLC increased its stake in shares of SPX Technologies by 299.0% in the 3rd quarter. Barclays PLC now owns 84,567 shares of the company's stock valued at $13,485,000 after buying an additional 63,373 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of SPX Technologies by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company's stock worth $164,888,000 after acquiring an additional 8,916 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company's stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.