Thrivent Financial for Lutherans Sells 472 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Thrivent Financial for Lutherans lowered its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,833 shares of the company’s stock after selling 472 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of SPX Technologies worth $5,214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC lifted its position in SPX Technologies by 15.9% in the 4th quarter. Signaturefd LLC now owns 628 shares of the company’s stock worth $91,000 after buying an additional 86 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of SPX Technologies during the fourth quarter worth approximately $613,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of SPX Technologies by 1.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,342 shares of the company’s stock worth $632,000 after acquiring an additional 68 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of SPX Technologies by 10.3% in the 4th quarter. Natixis Advisors LLC now owns 24,468 shares of the company’s stock valued at $3,561,000 after purchasing an additional 2,276 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of SPX Technologies by 38.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,869 shares of the company’s stock valued at $272,000 after purchasing an additional 515 shares during the last quarter. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SPXC. UBS Group lowered their price target on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Sidoti upgraded SPX Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 26th. Wolfe Research assumed coverage on SPX Technologies in a research report on Monday, November 25th. They issued an “outperform” rating and a $199.00 price objective for the company. Finally, Oppenheimer upgraded shares of SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 target price on the stock in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.75.

SPX Technologies Trading Up 3.8 %

NYSE SPXC opened at $139.39 on Tuesday. The stock has a market cap of $6.47 billion, a P/E ratio of 37.47, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. SPX Technologies, Inc. has a fifty-two week low of $116.05 and a fifty-two week high of $183.83. The stock has a 50 day simple moving average of $144.29 and a two-hundred day simple moving average of $153.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85.

SPX Technologies Company Profile

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.