StockNews.com began coverage on shares of SPX Technologies (NYSE:SPXC – Get Rating) in a research report report published on Thursday. The firm issued a hold rating on the stock.
Separately, Oppenheimer boosted their price objective on SPX Technologies from $77.00 to $82.00 and gave the company an outperform rating in a research note on Friday, February 24th.
SPX Technologies Stock Performance
SPXC stock opened at $66.30 on Thursday. The business has a 50 day moving average price of $71.74 and a 200 day moving average price of $66.29. SPX Technologies has a fifty-two week low of $41.66 and a fifty-two week high of $78.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.43 and a current ratio of 2.16.
Institutional Investors Weigh In On SPX Technologies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in SPX Technologies by 1.5% in the first quarter. BlackRock Inc. now owns 6,946,104 shares of the company’s stock valued at $343,207,000 after buying an additional 104,221 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of SPX Technologies by 0.4% in the third quarter. Vanguard Group Inc. now owns 4,778,461 shares of the company’s stock valued at $263,866,000 after purchasing an additional 19,693 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of SPX Technologies by 2.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,714,463 shares of the company’s stock valued at $249,112,000 after purchasing an additional 105,851 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of SPX Technologies by 3.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,265,310 shares of the company’s stock valued at $280,018,000 after purchasing an additional 160,366 shares during the period. Finally, State Street Corp increased its holdings in shares of SPX Technologies by 1.4% in the second quarter. State Street Corp now owns 1,634,734 shares of the company’s stock valued at $86,379,000 after purchasing an additional 22,716 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on SPX Technologies (SPXC)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for SPX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.