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NYSE:SPXC

SPX - SPXC Stock Forecast, Price & News

$61.98
-1.48 (-2.33%)
(As of 08/19/2022 10:53 AM ET)
Add
Compare
Today's Range
$61.98
▼
$62.51
50-Day Range
$50.12
▼
$63.96
52-Week Range
$41.66
▼
$68.24
Volume
671 shs
Average Volume
169,423 shs
Market Capitalization
$2.80 billion
P/E Ratio
7.98
Dividend Yield
N/A
Price Target
N/A

SPX MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
1.91% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.13mentions of SPX in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$1.20 M Sold Last Quarter
Proj. Earnings Growth
15.90%
From $2.83 to $3.28 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.67 out of 5 stars

Auto/Tires/Trucks Sector

18th out of 108 stocks

Metalworking Machinery & Equipment Industry

2nd out of 4 stocks

See Top Rated MarketRank™ Stocks Here
SPXC stock logo

About SPX (NYSE:SPXC) Stock

SPX Corporation supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services cooling products and engineered air quality solutions for the HVAC, and industrial markets; and heating and ventilation products for the residential and commercial markets. It offers its products under the Marley, Recold, SGS, Cincinnati Fan, Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, and Williamson-Thermoflo brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, and robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Riser Bond, Warren G-V, Cues, ULC Robotics, and Sensors & Software brands; and bus fare collection systems, communication technologies, and obstruction lighting products under the Genfare, TCI, Flash Technology, Sabik Marine, Sealite, Avlite, and ECS brand names. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers, as well as direct to customers. SPX Corporation was founded in 1912 and is headquartered in Charlotte, North Carolina.

SPX Stock Performance

Shares of SPXC Stock opened at $63.46 on Friday. The company has a market capitalization of $2.87 billion, a P/E ratio of 8.17, a P/E/G ratio of 1.24 and a beta of 1.24. The business's 50 day moving average is $55.52 and its two-hundred day moving average is $51.05. The company has a current ratio of 2.11, a quick ratio of 1.47 and a debt-to-equity ratio of 0.21. SPX has a 12-month low of $41.66 and a 12-month high of $68.24.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SPXC shares. TheStreet raised SPX from a "c" rating to a "b-" rating in a report on Tuesday, July 19th. StockNews.com upgraded SPX from a "hold" rating to a "buy" rating in a research report on Monday, August 8th.

Insiders Place Their Bets

In other news, insider John William Swann III sold 12,422 shares of the firm's stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $55.10, for a total value of $684,452.20. Following the transaction, the insider now owns 83,472 shares in the company, valued at $4,599,307.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is currently owned by company insiders.

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SPXC Stock News Headlines

August 18, 2022 | streetinsider.com
Merrill Lynch Mitts S&p 500 Index Due 8/05/2010 (SPX) The Biden Administration to End Coverage of Covid Vaccines - WSJ - StreetInsider.com
August 18, 2022 | marketwatch.com
Now that the S&P 500 is looking overbought, watch what happens to this downtrend line that defines the bear market - MarketWatch
August 17, 2022 | nasdaq.com
We Think SPX Technologies (NYSE:SPXC) Can Stay On Top Of Its Debt - Nasdaq
August 16, 2022 | seekingalpha.com
Nasdaq, S&P, Dow futures drift down after solid gains to start the week - Seeking Alpha
August 16, 2022 | finance.yahoo.com
SPX Completes Corporate Legal Structure Reorganization; SPX Technologies, Inc. is Now the Publicly Traded Entity - Yahoo Finance
August 15, 2022 | seekingalpha.com
The Next Drop Is Coming - Seeking Alpha
August 15, 2022 | globenewswire.com
SPX Completes Corporate Legal Structure Reorganization; SPX Technologies, Inc. is Now the Publicly Traded Entity - GlobeNewswire
August 15, 2022 | bloomberg.com
BofA Says Quantitative Tightening Would Shave 7% Off S&P 500 - Bloomberg
August 14, 2022 | finance.yahoo.com
What Type Of Shareholders Own The Most Number of SPX Corporation (NYSE:SPXC) Shares?
August 13, 2022 | seekingalpha.com
Big U.S. Stocks' Q2 2022 Fundamentals (SPX) - Seeking Alpha
August 12, 2022 | marketwatch.com
A weaker U.S. dollar helped lift the stock market --- but the greenback's peak may still be ahead - MarketWatch
August 12, 2022 | seekingalpha.com
Taming Inflation May Require More Than A Recession (SPX) - Seeking Alpha
August 12, 2022 | seekingalpha.com
The White House, Fed, Inflation, And Flow Of Funds For August 2022 - Seeking Alpha
August 11, 2022 | bloomberg.com
Brazil's Hedge Funds Switch Tactics on End of Bold Rate Hike Cycle - Bloomberg
August 11, 2022 | marketwatch.com
The bullish evidence for this stock market is accelerating - MarketWatch
August 10, 2022 | investing.com
Market Pause Continues - Investing.com
August 10, 2022 | americanbankingnews.com
StockNews.com Upgrades SPX (NYSE:SPXC) to Buy
August 9, 2022 | americanbankingnews.com
FY2022 EPS Estimates for SPX Co. Boosted by Analyst (NYSE:SPXC)
August 8, 2022 | businesswire.com
SpectrumX Confirms Scientific Advice Meeting With MHRA, Proposed Timeline for Human Clinical Trials for Ground-Breaking Medicine SPX-001 - Business Wire
August 7, 2022 | seekingalpha.com
Recession Is NOT The Issue For Markets - Inflation Is, But Disinflation Is Near - Seeking Alpha
August 4, 2022 | finance.yahoo.com
SPX Reports Second Quarter 2022 Results - Yahoo Finance
August 4, 2022 | finance.yahoo.com
SPX (SPXC) Q2 Earnings and Revenues Top Estimates
August 4, 2022 | investing.com
SPX Corp. Tops Q2 EPS by 10c; Raises Outlook By Investing.com - Investing.com
August 4, 2022 | finance.yahoo.com
SPX Reports Second Quarter 2022 Results
August 3, 2022 | investing.com
Staying Neutral For Now - Investing.com
See More Headlines
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SPXC Company Calendar

Last Earnings
11/03/2021
Today
8/19/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Metalworking machinery & equipment
Sub-Industry
N/A
Sector
Auto/Tires/Trucks
Current Symbol
NYSE:SPXC
Previous Symbol
NASDAQ:SPXC
CUSIP
N/A
CIK
88205
Web
www.spx.com
Phone
(980) 474-3700
Fax
302-655-5049
Employees
3,100
Year Founded
N/A

Profitability

EPS (Most Recent Fiscal Year)
$7.77
Trailing P/E Ratio
7.98
Forward P/E Ratio
21.90
P/E Growth
1.24
Net Income
$425.40 million
Net Margins
27.91%
Pretax Margin
4.67%
Return on Equity
10.25%
Return on Assets
4.40%

Debt

Debt-to-Equity Ratio
0.21
Current Ratio
2.11
Quick Ratio
1.47

Sales & Book Value

Annual Sales
$1.22 billion
Price / Sales
2.30
Cash Flow
$3.37 per share
Price / Cash Flow
18.39
Book Value
$24.08 per share
Price / Book
2.57

Miscellaneous

Outstanding Shares
45,210,000
Free Float
43,540,000
Market Cap
$2.80 billion
Optionable
Optionable
Beta
1.24

Key Executives

  • Mr. Eugene Joseph Lowe III (Age 54)
    Pres, CEO & Director
    Comp: $2.18M
  • Mr. James E. Harris (Age 60)
    CFO, VP & Treasurer
    Comp: $1.07M
  • Mr. J. Randall Data (Age 56)
    Pres of South Africa & Global Operations
    Comp: $971.48k
  • Mr. John Webster Nurkin (Age 52)
    VP, Gen. Counsel & Sec.
    Comp: $722.72k
  • Mr. John William Swann IIIMr. John William Swann III (Age 51)
    Pres of Heating, Location & Inspection
    Comp: $977.43k
  • Mr. Michael A. Reilly
    Chief Accounting Officer, VP of Fin. & Corp. Controller
  • Mr. Paul Clegg
    VP of Investor Relations & Communications
  • Vivek Dhir
    VP of Global Marketing & Bus. Devel.
  • Ms. NaTausha Heleena WhiteMs. NaTausha Heleena White (Age 50)
    VP & Chief HR Officer
  • Mr. Ross Skelton
    Chief Commercial Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SPXC Stock - Frequently Asked Questions

Should I buy or sell SPX stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SPX in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SPXC shares.
View SPXC analyst ratings or view top-rated stocks.

How have SPXC shares performed in 2022?

SPX's stock was trading at $59.68 on January 1st, 2022. Since then, SPXC shares have increased by 6.3% and is now trading at $63.46.
View the best growth stocks for 2022 here.

When is SPX's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SPXC earnings forecast.

How were SPX's earnings last quarter?

SPX Co. (NYSE:SPXC) released its quarterly earnings data on Wednesday, November, 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by $0.01. The company had revenue of $285.80 million for the quarter, compared to analysts' expectations of $297.85 million. SPX had a net margin of 27.91% and a trailing twelve-month return on equity of 10.25%. During the same period in the previous year, the company earned $0.64 EPS.

What guidance has SPX issued on next quarter's earnings?

SPX issued an update on its FY 2022 earnings guidance on Thursday, August, 18th. The company provided EPS guidance of $2.70-$2.85 for the period. The company issued revenue guidance of $1.41 billion-$1.45 billion, compared to the consensus revenue estimate of $1.39 billion.

What is Gene Lowe's approval rating as SPX's CEO?

45 employees have rated SPX Chief Executive Officer Gene Lowe on Glassdoor.com. Gene Lowe has an approval rating of 62% among the company's employees. This puts Gene Lowe in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of SPX own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SPX investors own include SPX FLOW (FLOW), Exxon Mobil (XOM), Advanced Micro Devices (AMD), Pfizer (PFE), Alibaba Group (BABA), Qorvo (QRVO), Skyworks Solutions (SWKS), Bank of America (BAC), Bristol-Myers Squibb (BMY) and Starbucks (SBUX).

What is SPX's stock symbol?

SPX trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPXC."

Who are SPX's major shareholders?

SPX's stock is owned by a variety of retail and institutional investors. Top institutional investors include Parallax Volatility Advisers L.P. (0.00%), Price T Rowe Associates Inc. MD (10.43%), State Street Corp (3.62%), FMR LLC (2.64%), Brown Advisory Inc. (1.40%) and Allspring Global Investments Holdings LLC (1.24%). Insiders that own company stock include Brian G Mason, Brian G Mason, John Webster Nurkin, John William Swann III, Michael Andrew Reilly, Natausha Heleena White and Scott William Sproule.
View institutional ownership trends.

How do I buy shares of SPX?

Shares of SPXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SPX's stock price today?

One share of SPXC stock can currently be purchased for approximately $63.46.

How much money does SPX make?

SPX (NYSE:SPXC) has a market capitalization of $2.87 billion and generates $1.22 billion in revenue each year. The company earns $425.40 million in net income (profit) each year or $7.77 on an earnings per share basis.

How many employees does SPX have?

The company employs 3,100 workers across the globe.

How can I contact SPX?

SPX's mailing address is 6325 ARDREY KELL ROAD SUITE 400, CHARLOTTE NC, 28277. The official website for the company is www.spx.com. The company can be reached via phone at (980) 474-3700, via email at spx.investor@spx.com, or via fax at 302-655-5049.

This page (NYSE:SPXC) was last updated on 8/19/2022 by MarketBeat.com Staff

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