Creative Planning Purchases 2,374 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Creative Planning lifted its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 17.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,900 shares of the company’s stock after acquiring an additional 2,374 shares during the period. Creative Planning’s holdings in SPX Technologies were worth $2,535,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC bought a new stake in shares of SPX Technologies during the second quarter valued at approximately $28,000. Canada Pension Plan Investment Board bought a new stake in SPX Technologies in the second quarter worth $28,000. UMB Bank n.a. boosted 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 worth $30,000 after acquiring an additional 193 shares in the last quarter. Hilltop National Bank bought a new stake in SPX Technologies in the second quarter worth $39,000. Finally, GAMMA Investing LLC boosted its holdings in SPX Technologies by 122.6% in the second quarter. GAMMA Investing LLC now owns 423 shares of the company’s stock worth $60,000 after acquiring an additional 233 shares in the last quarter. 92.82% of the stock is currently owned by institutional investors.

SPX Technologies Stock Down 0.2 %

SPXC stock opened at $157.23 on Monday. SPX Technologies, Inc. has a 1-year low of $77.90 and a 1-year high of $173.30. The business has a fifty day moving average price of $157.89 and a 200-day moving average price of $145.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.28 and a quick ratio of 0.81. The stock has a market capitalization of $7.27 billion, a P/E ratio of 76.70, a P/E/G ratio of 1.59 and a beta of 1.21.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.17. SPX Technologies had a return on equity of 19.20% and a net margin of 5.53%. The firm had revenue of $501.30 million during the quarter, compared to analysts’ expectations of $492.08 million. During the same quarter in the previous year, the business earned $1.06 earnings per share. The company’s revenue was up 18.4% on a year-over-year basis. Equities analysts forecast that SPX Technologies, Inc. will post 5.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.