Victory Capital Management Inc. Has $34.92 Million Stake in SPX Technologies, Inc. (NYSE:SPXC)

Victory Capital Management Inc. raised its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 196.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 218,993 shares of the company’s stock after purchasing an additional 145,225 shares during the quarter. Victory Capital Management Inc.’s holdings in SPX Technologies were worth $34,921,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Peregrine Asset Advisers Inc. bought a new position in SPX Technologies during the 3rd quarter worth approximately $2,595,000. Crossmark Global Holdings Inc. boosted its position in shares of SPX Technologies by 13.6% during the third quarter. Crossmark Global Holdings Inc. now owns 3,655 shares of the company’s stock worth $583,000 after purchasing an additional 438 shares in the last quarter. Assetmark Inc. grew its holdings in shares of SPX Technologies by 4.7% in the 3rd quarter. Assetmark Inc. now owns 1,745 shares of the company’s stock valued at $278,000 after buying an additional 78 shares during the period. Emerald Advisers LLC increased its position in shares of SPX Technologies by 40.6% in the 3rd quarter. Emerald Advisers LLC now owns 132,051 shares of the company’s stock valued at $21,057,000 after buying an additional 38,161 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its stake in SPX Technologies by 30.1% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 97,982 shares of the company’s stock worth $15,624,000 after buying an additional 22,645 shares during the period. 92.82% of the stock is owned by institutional investors.

SPX Technologies Stock Down 0.2 %

NYSE:SPXC opened at $163.07 on Friday. SPX Technologies, Inc. has a 1 year low of $83.98 and a 1 year high of $173.30. The stock has a 50-day moving average price of $159.47 and a two-hundred day moving average price of $149.52. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 43.84, a PEG ratio of 1.68 and a beta of 1.22. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. The business had revenue of $483.70 million during the quarter, compared to analyst estimates of $501.02 million. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. SPX Technologies’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.06 EPS. As a group, equities analysts expect that SPX Technologies, Inc. will post 5.56 earnings per share for the current year.

About SPX Technologies

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.