SPX Co. (NYSE:SPXC) shares reached a new 52-week high and low during trading on Friday . The company traded as low as $34.87 and last traded at $35.06, with a volume of 6734 shares changing hands. The stock had previously closed at $34.17.
SPXC has been the subject of a number of research reports. Zacks Investment Research downgraded SPX from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. TheStreet upgraded SPX from a “c” rating to a “b-” rating in a research report on Thursday, February 15th. UBS initiated coverage on SPX in a research report on Tuesday, January 23rd. They set a “buy” rating and a $41.00 target price for the company. Susquehanna Bancshares set a $32.00 target price on SPX and gave the company a “hold” rating in a research report on Friday, February 16th. Finally, ValuEngine upgraded SPX from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $36.33.
The stock has a market capitalization of $1.46 billion, a PE ratio of 19.60 and a beta of 1.56. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.40 and a quick ratio of 1.14.
SPX (NYSE:SPXC) last issued its quarterly earnings results on Thursday, May 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $351.90 million during the quarter, compared to the consensus estimate of $332.60 million. SPX had a return on equity of 29.40% and a net margin of 5.87%. SPX’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. equities analysts forecast that SPX Co. will post 2.18 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its position in SPX by 0.4% in the first quarter. BlackRock Inc. now owns 5,357,221 shares of the company’s stock worth $174,003,000 after buying an additional 22,777 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in SPX by 8.6% in the fourth quarter. Segall Bryant & Hamill LLC now owns 1,092,056 shares of the company’s stock worth $34,280,000 after buying an additional 86,615 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in SPX by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,021,698 shares of the company’s stock worth $33,185,000 after buying an additional 21,241 shares during the last quarter. Peregrine Capital Management LLC lifted its position in shares of SPX by 0.6% during the fourth quarter. Peregrine Capital Management LLC now owns 850,923 shares of the company’s stock worth $26,710,000 after purchasing an additional 5,252 shares during the last quarter. Finally, Corsair Capital Management L.P. lifted its position in shares of SPX by 1.4% during the fourth quarter. Corsair Capital Management L.P. now owns 786,272 shares of the company’s stock worth $24,681,000 after purchasing an additional 10,619 shares during the last quarter. Institutional investors own 86.47% of the company’s stock.
SPX Corporation supplies infrastructure equipment serving the heating and ventilation (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. It operates through three segments: HVAC, Detection and Measurement, and Engineered Solutions.
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