SPX Corp (NYSE:SPXC) CAO Michael Andrew Reilly sold 10,909 shares of the business’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $24.34, for a total transaction of $265,525.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Michael Andrew Reilly also recently made the following trade(s):

  • On Friday, November 10th, Michael Andrew Reilly sold 3,833 shares of SPX stock. The stock was sold at an average price of $30.59, for a total transaction of $117,251.47.

SPX Corp (NYSE:SPXC) traded up $0.12 during midday trading on Thursday, hitting $31.89. 231,522 shares of the company were exchanged, compared to its average volume of 271,097. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.15 and a quick ratio of 0.81. SPX Corp has a twelve month low of $21.97 and a twelve month high of $32.71. The company has a market cap of $1,362.64, a P/E ratio of 17.10 and a beta of 1.70.

SPX (NYSE:SPXC) last released its earnings results on Thursday, November 2nd. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. SPX had a negative net margin of 3.86% and a positive return on equity of 37.49%. The business had revenue of $348.50 million for the quarter, compared to the consensus estimate of $343.12 million. During the same period in the previous year, the firm earned $0.14 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. analysts forecast that SPX Corp will post 1.8 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPXC. Rothschild Asset Management Inc. raised its holdings in shares of SPX by 506.5% in the 3rd quarter. Rothschild Asset Management Inc. now owns 1,168,111 shares of the company’s stock worth $34,272,000 after purchasing an additional 975,500 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of SPX by 12.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,231,505 shares of the company’s stock worth $106,465,000 after purchasing an additional 455,828 shares in the last quarter. Evercore Trust Company N.A. bought a new stake in shares of SPX in the 2nd quarter worth approximately $8,396,000. Sei Investments Co. raised its holdings in shares of SPX by 538.5% during the third quarter. Sei Investments Co. now owns 240,676 shares of the company’s stock valued at $7,062,000 after acquiring an additional 202,984 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of SPX during the second quarter valued at approximately $5,020,000. Institutional investors and hedge funds own 87.41% of the company’s stock.

SPXC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of SPX from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, August 8th. BidaskClub upgraded shares of SPX from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. UBS boosted their target price on shares of SPX from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. TheStreet upgraded shares of SPX from a “d+” rating to a “c” rating in a report on Monday, November 6th. Finally, ValuEngine downgraded shares of SPX from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $37.00.

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SPX Company Profile

SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.

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