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.