Mutual of America Capital Management LLC Acquires 16,145 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Mutual of America Capital Management LLC grew its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 212.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,744 shares of the company’s stock after buying an additional 16,145 shares during the quarter. Mutual of America Capital Management LLC’s holdings in SPX Technologies were worth $3,786,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Conestoga Capital Advisors LLC bought a new stake in SPX Technologies during the second quarter worth about $51,070,000. Capital International Investors bought a new stake in shares of SPX Technologies during the 1st quarter worth approximately $21,819,000. Select Equity Group L.P. bought a new position in shares of SPX Technologies in the second quarter valued at $24,904,000. Hood River Capital Management LLC increased its holdings in SPX Technologies by 1,342.6% during the second quarter. Hood River Capital Management LLC now owns 187,537 shares of the company’s stock worth $26,657,000 after buying an additional 174,537 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in SPX Technologies by 3.5% during the first quarter. Vanguard Group Inc. now owns 5,173,939 shares of the company’s stock worth $637,067,000 after acquiring an additional 173,021 shares in the last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Stock Performance

Shares of SPXC stock opened at $172.63 on Friday. The stock has a market cap of $8.00 billion, a P/E ratio of 46.41, a P/E/G ratio of 1.68 and a beta of 1.22. The company has a fifty day moving average price of $161.34 and a two-hundred day moving average price of $150.73. SPX Technologies, Inc. has a one year low of $83.98 and a one year high of $173.85. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $1.39 earnings per share 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 firm had revenue of $483.70 million for the quarter, compared to the consensus estimate of $501.02 million. During the same quarter in the previous year, the business earned $1.06 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts predict that SPX Technologies, Inc. will post 5.56 EPS for the current year.

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.