Two Sigma Investments LP Has $1.98 Million Position in SPX Technologies, Inc. (NYSE:SPXC)

Two Sigma Investments LP lifted its holdings in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 90.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,607 shares of the company's stock after buying an additional 6,475 shares during the period. Two Sigma Investments LP's holdings in SPX Technologies were worth $1,980,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Allworth Financial LP boosted its stake in shares of SPX Technologies by 123.3% during the 4th quarter. Allworth Financial LP now owns 163 shares of the company's stock valued at $25,000 after buying an additional 90 shares during the period. Empowered Funds LLC bought a new position in shares of SPX Technologies during the 4th quarter valued at $27,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of SPX Technologies by 377.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company's stock valued at $29,000 after purchasing an additional 151 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of SPX Technologies by 2,055.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock valued at $28,000 after purchasing an additional 185 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of SPX Technologies by 313.8% during the 4th quarter. Covestor Ltd now owns 389 shares of the company's stock valued at $57,000 after purchasing an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company's stock.

SPX Technologies Stock Performance

Shares of NYSE:SPXC traded down $0.61 on Thursday, hitting $155.92. 140,458 shares of the company were exchanged, compared to its average volume of 278,565. The company's 50 day moving average price is $140.69 and its two-hundred day moving average price is $146.44. SPX Technologies, Inc. has a one year low of $115.00 and a one year high of $183.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 41.91, a PEG ratio of 1.33 and a beta of 1.21.

SPX Technologies (NYSE:SPXC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.22. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The company had revenue of $482.60 million for the quarter, compared to the consensus estimate of $481.32 million. During the same quarter in the previous year, the firm posted $1.25 EPS. The business's revenue was up 3.7% compared to the same quarter last year. Research analysts expect that SPX Technologies, Inc. will post 5.57 earnings per share for the current year.

Insider Transactions at SPX Technologies

In other news, Director Rick D. Puckett sold 6,823 shares of SPX Technologies stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $153.01, for a total transaction of $1,043,987.23. Following the sale, the director now directly owns 33,770 shares in the company, valued at approximately $5,167,147.70. The trade was a 16.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. B. Riley assumed coverage on shares of SPX Technologies in a report on Thursday, May 15th. They issued a "buy" rating and a $195.00 target price on the stock. 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. UBS Group upgraded shares of SPX Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $160.00 to $182.00 in a report on Monday. Finally, Sidoti upgraded shares of SPX Technologies from a "neutral" rating to a "buy" rating in a report on Wednesday, February 26th. Four research 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, SPX Technologies has a consensus rating of "Buy" and a consensus price target of $183.20.

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.