Victory Capital Management Inc. grew its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 196.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 218,993 shares of the company's stock after acquiring an additional 145,225 shares during the quarter. Victory Capital Management Inc. owned about 0.47% of SPX Technologies worth $34,921,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of SPX Technologies in the third quarter valued at $28,000. Crewe Advisors LLC acquired a new stake in SPX Technologies in the 2nd quarter valued at about $28,000. Canada Pension Plan Investment Board bought a new position in shares of SPX Technologies during the 2nd quarter valued at about $28,000. UMB Bank n.a. grew its stake in shares of SPX Technologies by 965.0% in the 2nd quarter. UMB Bank n.a. now owns 213 shares of the company's stock worth $30,000 after purchasing an additional 193 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in shares of SPX Technologies in the 3rd quarter worth approximately $44,000. Institutional investors own 92.82% of the company's stock.
SPX Technologies Price Performance
NYSE:SPXC traded down $0.34 during trading hours on Friday, reaching $163.07. 159,392 shares of the company's stock were exchanged, compared to its average volume of 276,938. The company has a market capitalization of $7.56 billion, a P/E ratio of 43.84, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. SPX Technologies, Inc. has a 12 month low of $83.98 and a 12 month high of $173.30. The business's 50-day simple moving average is $159.47 and its two-hundred day simple moving average is $149.71. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49.
SPX Technologies (NYSE:SPXC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.01. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The company had revenue of $483.70 million for the quarter, compared to analyst estimates of $501.02 million. During the same period in the previous year, the firm earned $1.06 earnings per share. SPX Technologies's revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts expect that SPX Technologies, Inc. will post 5.56 EPS for the current fiscal year.
SPX Technologies Profile
(
Free Report)
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.
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