New York State Common Retirement Fund lowered its position in shares of SPX Technologies, Inc. (NYSE:SPXC – Get Rating) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 675,004 shares of the company’s stock after selling 33,089 shares during the quarter. New York State Common Retirement Fund owned about 1.49% of SPX Technologies worth $44,314,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New Century Advisors LLC raised its position in shares of SPX Technologies by 62.7% in the 3rd quarter. New Century Advisors LLC now owns 506 shares of the company’s stock worth $28,000 after purchasing an additional 195 shares during the last quarter. Fairfield Bush & CO. purchased a new position in shares of SPX Technologies in the 1st quarter worth about $35,000. Lazard Asset Management LLC purchased a new position in shares of SPX Technologies in the 3rd quarter worth about $82,000. Keybank National Association OH purchased a new position in shares of SPX Technologies in the 3rd quarter worth about $201,000. Finally, PDT Partners LLC purchased a new position in shares of SPX Technologies in the 3rd quarter worth about $201,000. Hedge funds and other institutional investors own 92.06% of the company’s stock.
Insider Buying and Selling at SPX Technologies
In other SPX Technologies news, VP John Webster Nurkin sold 11,131 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $71.46, for a total transaction of $795,421.26. Following the completion of the sale, the vice president now directly owns 88,196 shares in the company, valued at approximately $6,302,486.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other SPX Technologies news, insider J Randall Data sold 12,500 shares of the business’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $70.22, for a total transaction of $877,750.00. Following the completion of the sale, the insider now directly owns 79,624 shares in the company, valued at approximately $5,591,197.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John Webster Nurkin sold 11,131 shares of the business’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $71.46, for a total value of $795,421.26. Following the sale, the vice president now owns 88,196 shares of the company’s stock, valued at $6,302,486.16. The disclosure for this sale can be found here. Insiders sold a total of 52,457 shares of company stock worth $3,626,421 in the last three months. 4.02% of the stock is currently owned by company insiders.
SPX Technologies Stock Down 0.5 %
SPX Technologies (NYSE:SPXC – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.98 by $0.19. SPX Technologies had a return on equity of 13.14% and a net margin of 0.01%. The company had revenue of $429.30 million during the quarter, compared to the consensus estimate of $416.00 million. During the same period last year, the company earned $0.88 EPS. SPX Technologies’s revenue for the quarter was up 22.7% on a year-over-year basis. As a group, analysts forecast that SPX Technologies, Inc. will post 3.49 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Oppenheimer lifted their price target on SPX Technologies from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. StockNews.com assumed coverage on SPX Technologies in a report on Thursday, March 16th. They issued a “hold” rating for the company.
About SPX Technologies
SPX Technologies, Inc engages in the supply of infrastructure equipment. It operates through the HVAC and Detection and Measurement segments. The HVAC segment engineers, designs, manufactures, installs, and services cooling products and engineered air quality solutions to the HVAC and industrial markets, as well as heating and ventilation products for the residential and commercial markets.
Further Reading
- Get a free copy of the StockNews.com research report on SPX Technologies (SPXC)
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