Fox Run Management L.L.C. Buys Shares of 6,803 SPX Technologies, Inc. (NYSE:SPXC)

Fox Run Management L.L.C. bought a new stake in SPX Technologies, Inc. (NYSE:SPXC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,803 shares of the company’s stock, valued at approximately $990,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in SPX Technologies by 123.3% in the fourth quarter. Allworth Financial LP now owns 163 shares of the company’s stock valued at $25,000 after buying an additional 90 shares in the last quarter. Empowered Funds LLC acquired a new stake in SPX Technologies in the fourth quarter valued at approximately $27,000. Skandinaviska Enskilda Banken AB publ boosted its position in SPX Technologies by 2,055.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company’s stock valued at $28,000 after buying an additional 185 shares in the last quarter. Spire Wealth Management acquired a new position in shares of SPX Technologies during the fourth quarter worth $57,000. Finally, Hilltop National Bank lifted its holdings in shares of SPX Technologies by 19.9% during the fourth quarter. Hilltop National Bank now owns 536 shares of the company’s stock worth $78,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Trading Down 1.1 %

SPXC opened at $134.10 on Friday. SPX Technologies, Inc. has a 1-year low of $116.05 and a 1-year high of $183.83. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The company has a market cap of $6.22 billion, a P/E ratio of 36.05, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. The company has a fifty day moving average price of $144.31 and a two-hundred day moving average price of $153.34.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SPXC shares. Wolfe Research started coverage on shares of SPX Technologies in a report on Monday, November 25th. They issued an “outperform” rating and a $199.00 target price on the stock. UBS Group dropped 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. Oppenheimer upgraded shares of SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 target price on the stock in a report on Wednesday, February 26th. Finally, Sidoti upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, SPX Technologies has an average rating of “Moderate Buy” and a consensus price target of $174.75.

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.