AlphaCore Capital LLC lifted its stake in shares of SPX Technologies, Inc. (NYSE:SPXC – Free Report) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,068 shares of the company’s stock after buying an additional 68 shares during the period. AlphaCore Capital LLC’s holdings in SPX Technologies were worth $266,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. NBC Securities Inc. acquired a new stake in SPX Technologies in the first quarter valued at $27,000. Eastern Bank acquired a new stake in SPX Technologies in the first quarter valued at $38,000. Covestor Ltd increased its holdings in SPX Technologies by 313.8% in the fourth quarter. Covestor Ltd now owns 389 shares of the company’s stock valued at $57,000 after purchasing an additional 295 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in SPX Technologies by 211.3% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 604 shares of the company’s stock valued at $78,000 after purchasing an additional 410 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in SPX Technologies by 18.5% in the first quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $83,000 after purchasing an additional 98 shares during the period. 92.82% of the stock is currently owned by institutional investors and hedge funds.
SPX Technologies Stock Performance
Shares of SPX Technologies stock opened at $201.38 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.28 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $171.65 and a two-hundred day moving average price of $151.75. SPX Technologies, Inc. has a 1-year low of $115.00 and a 1-year high of $209.38. The company has a market cap of $9.42 billion, a P/E ratio of 45.25, a PEG ratio of 1.72 and a beta of 1.27.
Analyst Ratings Changes
SPXC has been the subject of a number of recent research reports. B. Riley initiated coverage on SPX Technologies in a report on Thursday, May 15th. They issued a “buy” rating and a $195.00 price objective for the company. Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Oppenheimer increased their price objective on SPX Technologies from $170.00 to $197.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. Finally, UBS Group increased their price target on SPX Technologies from $182.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, SPX Technologies currently has an average rating of “Buy” and a consensus price target of $195.20.
Read Our Latest Analysis on SPX Technologies
Insider Activity at SPX Technologies
In other news, Director Rick D. Puckett sold 6,823 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $153.01, for a total value of $1,043,987.23. Following the completion of the sale, the director directly owned 33,770 shares in the company, valued at $5,167,147.70. This trade represents a 16.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.32% of the stock is currently owned by corporate insiders.
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.
Recommended Stories
- Five stocks we like better than SPX Technologies
- Manufacturing Stocks Investing
- 3 Dividend Stocks Raising Payouts—and Backing It Up With Results
- Industrial Products Stocks Investing
- 3 Stocks With Monopoly Power—and Minimal Competition
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Rocket Lab Reports Q2 Results: Is the Bull Thesis Still Intact?
Want to see what other hedge funds are holding SPXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPX Technologies, Inc. (NYSE:SPXC – Free Report).
Receive News & Ratings for SPX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.