Oppenheimer reaffirmed their buy rating on shares of SPX Technologies (NYSE:SPXC – Get Rating) in a report released on Thursday, Stock Target Advisor reports. They currently have a $72.00 price target on the stock.

A number of other research firms have also recently commented on SPXC. TheStreet raised SPX Technologies from a c rating to a b- rating in a research note on Tuesday, July 19th. StockNews.com upgraded SPX Technologies from a hold rating to a buy rating in a report on Monday, August 8th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $72.00.

SPX Technologies Trading Down 0.7 %

SPXC opened at $55.16 on Thursday. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 7.10, a P/E/G ratio of 1.09 and a beta of 1.23. The stock's 50 day moving average price is $58.35 and its 200-day moving average price is $52.49. SPX Technologies has a one year low of $41.66 and a one year high of $68.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.47 and a current ratio of 2.11.

Insider Activity at SPX Technologies

In related news, insider John William Swann III sold 9,365 shares of the business's stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $55.00, for a total value of $515,075.00. Following the completion of the sale, the insider now owns 83,472 shares in the company, valued at $4,590,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by company insiders.

Institutional Trading of SPX Technologies

Hedge funds have recently bought and sold shares of the stock. Fairfield Bush & CO. purchased a new stake in SPX Technologies during the first quarter worth $35,000. Quent Capital LLC purchased a new stake in SPX Technologies during the fourth quarter worth $46,000. Assetmark Inc. lifted its holdings in shares of SPX Technologies by 486.5% during the 2nd quarter. Assetmark Inc. now owns 1,349 shares of the company's stock valued at $71,000 after purchasing an additional 1,119 shares during the last quarter. MCF Advisors LLC purchased a new stake in shares of SPX Technologies during the 1st quarter valued at $79,000. Finally, First Bank & Trust purchased a new stake in shares of SPX Technologies during the 2nd quarter valued at $116,000. Hedge funds and other institutional investors own 86.84% of the company's stock.

SPX Technologies Company Profile

(Get Rating)

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. 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 and comfort heating and ventilation products for the residential and commercial markets.

Read More

• Get a free copy of the StockNews.com research report on SPX Technologies (SPXC)
• Humana Proves Vertically Integrated Healthcare Works
• What Cintas Can Teach Investors About This Bear Market?
• 2 Casino Stocks Worth Taking a Look At
• This Small-Cap Healthcare Name Is Outperforming Its Index
• Blackberry Stock Declines As Results Come In Lukewarm Once Again

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.