28-Mar-2024
Analysts Offer Insights on Industrial Goods Companies: Pool (POOL) and SPX (SPXC)
TipRanks (Thu, 28-Mar 7:50 AM ET)
SPX Reports Fourth Quarter and Full-Year 2023 Results
Globe Newswire (Thu, 22-Feb 4:06 PM ET)
SPX Technologies to Host 2024 Investor Day on March 26th
Globe Newswire (Tue, 20-Feb 7:00 AM ET)
SPX Technologies Announces Acquisition of Ingnia
Globe Newswire (Wed, 7-Feb 4:35 PM ET)
Globe Newswire (Tue, 30-Jan 5:00 PM ET)
SPX Technologies Inc supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company through two reportable segments. The HVAC segment which generates the majority of the revenue for the company, designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The detection and measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. Geographically, the company generates majority of its revenue in the United States and rest from China, United Kingdom and other regions.
SPX Techs trades on the NYSE stock market under the symbol SPXC.
As of March 28, 2024, SPXC stock price climbed to $123.13 with 268,033 million shares trading.
SPXC has a beta of 0.84, meaning it tends to be less sensitive to market movements. SPXC has a correlation of 0.13 to the broad based SPY ETF.
SPXC has a market cap of $5.63 billion. This is considered a Mid Cap stock.
Last quarter SPX Techs reported $469 million in Revenue and $1.25 earnings per share. This fell short of revenue expectation by $-13 million and missed earnings estimates by -$.01.
In the last 3 years, SPXC stock traded as high as $123.40 and as low as $41.66.
The top ETF exchange traded funds that SPXC belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
SPXC has outperformed the market in the last year with a price return of +81.7% while the SPY ETF gained +33.6%. SPXC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +19.9% and +5.3%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
SPXC support price is $119.44 and resistance is $123.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPXC stock will trade within this expected range on the day.