SPX Technologies, Inc. (NYSE:SPXC) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 13.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,655 shares of the company’s stock after buying an additional 438 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in SPX Technologies were worth $583,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SPXC. Conestoga Capital Advisors LLC purchased a new stake in SPX Technologies in the 2nd quarter worth $51,070,000. Capital International Investors purchased a new stake in shares of SPX Technologies during the first quarter worth about $21,819,000. Select Equity Group L.P. acquired a new position in shares of SPX Technologies during the 2nd quarter worth about $24,904,000. Hood River Capital Management LLC lifted its stake in SPX Technologies by 1,342.6% in the 2nd quarter. Hood River Capital Management LLC now owns 187,537 shares of the company’s stock valued at $26,657,000 after buying an additional 174,537 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in SPX Technologies by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 5,173,939 shares of the company’s stock worth $637,067,000 after buying an additional 173,021 shares during the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

SPX Technologies Price Performance

Shares of SPX Technologies stock opened at $163.05 on Friday. The stock has a market capitalization of $7.56 billion, a P/E ratio of 43.83, a PEG ratio of 1.68 and a beta of 1.22. The business has a 50 day simple moving average of $159.03 and a two-hundred day simple moving average of $149.24. SPX Technologies, Inc. has a 12 month low of $83.98 and a 12 month high of $173.30. 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 posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 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 firm had revenue of $483.70 million during the quarter, compared to the consensus estimate of $501.02 million. During the same period in the prior year, the company earned $1.06 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts predict that SPX Technologies, Inc. will post 5.56 EPS for the current fiscal 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.