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.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. TheStreet raised shares of SPX from a "c" rating to a "b-" rating in a report on Tuesday, July 19th. StockNews.com cut shares of SPX from a "buy" rating to a "hold" rating in a report on Friday, May 13th.
SPX Price Performance
Shares of SPX stock opened at $59.55 on Monday. The stock has a market cap of $2.72 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 1.21 and a beta of 1.24. SPX has a 52 week low of $41.66 and a 52 week high of $68.24. The company has a current ratio of 2.07, a quick ratio of 1.51 and a debt-to-equity ratio of 0.20. The company's 50-day moving average price is $53.78 and its two-hundred day moving average price is $50.39.
Insider Activity at SPX
In related news, insider John William Swann III sold 9,365 shares of SPX stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $55.00, for a total value of $515,075.00. Following the sale, the insider now owns 83,472 shares of the company's stock, valued at approximately $4,590,960. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by corporate insiders.