Michael Andrew Reilly Sells 45,899 Shares of SPX Corp (SPXC) Stock

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SPX Corp (NYSE:SPXC) CAO Michael Andrew Reilly sold 45,899 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $32.71, for a total transaction of $1,501,356.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

SPX stock opened at $31.06 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.12 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 14.12 and a beta of 1.35. SPX Corp has a twelve month low of $25.22 and a twelve month high of $39.28.

SPX (NYSE:SPXC) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $351.50 million during the quarter, compared to the consensus estimate of $344.50 million. SPX had a net margin of 4.44% and a return on equity of 26.49%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. On average, equities analysts anticipate that SPX Corp will post 2.6 EPS for the current fiscal year.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of SPX from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Wednesday, March 6th. ValuEngine raised shares of SPX from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th.

Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its stake in SPX by 1.2% in the fourth quarter. Legal & General Group Plc now owns 101,021 shares of the company’s stock worth $2,814,000 after purchasing an additional 1,157 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of SPX by 67.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 560,658 shares of the company’s stock valued at $15,704,000 after acquiring an additional 224,856 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of SPX by 14.6% during the fourth quarter. Bank of New York Mellon Corp now owns 565,568 shares of the company’s stock valued at $15,842,000 after acquiring an additional 72,157 shares during the last quarter. Morgan Stanley raised its stake in shares of SPX by 55.1% during the third quarter. Morgan Stanley now owns 240,868 shares of the company’s stock valued at $8,022,000 after acquiring an additional 85,575 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of SPX by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,101,174 shares of the company’s stock valued at $30,843,000 after acquiring an additional 80,267 shares during the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

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SPX Company Profile

SPX Corporation supplies infrastructure equipment serving the heating, ventilation and cooling (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 in three segments: HVAC, Detection and Measurement, and Engineered Solutions.

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