SPX Technologies, Inc. (NYSE:SPXC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,319 shares of the company’s stock after selling 1,300 shares during the period. New York State Teachers Retirement System’s holdings in SPX Technologies were worth $10,097,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Crewe Advisors LLC acquired a new stake in SPX Technologies in the second quarter valued at $28,000. Canada Pension Plan Investment Board acquired a new stake in SPX Technologies in the second quarter valued at $28,000. V Square Quantitative Management LLC acquired a new stake in SPX Technologies in the third quarter valued at $28,000. UMB Bank n.a. grew its holdings in SPX Technologies by 965.0% in the second quarter. UMB Bank n.a. now owns 213 shares of the company’s stock valued at $30,000 after purchasing an additional 193 shares during the last quarter. Finally, Hilltop National Bank acquired a new stake in SPX Technologies in the second quarter valued at $39,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

Wall Street Analysts Forecast Growth

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

SPX Technologies Stock Up 1.2 %

Shares of NYSE:SPXC opened at $145.20 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. SPX Technologies, Inc. has a 52-week low of $77.90 and a 52-week high of $173.30. The stock’s fifty day simple moving average is $157.76 and its 200-day simple moving average is $146.87. The company has a market capitalization 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.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The business had revenue of $483.70 million for the quarter, compared to the consensus estimate of $501.02 million. During the same period in the prior year, the business earned $1.06 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that SPX Technologies, Inc. will post 5.56 earnings per share for the current fiscal year.

SPX Technologies 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.