Financial Architects Inc Continues to Hold Position in SPX Corp (NASDAQ:SPXC)

Financial Architects Inc continued to hold its stake in SPX Corp (NASDAQ:SPXC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,028 shares of the company’s stock at the end of the second quarter. Financial Architects Inc’s holdings in SPX Corp were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Peregrine Capital Management LLC increased its stake in SPX Corp by 43.3% in the second quarter. Peregrine Capital Management LLC now owns 670,070 shares of the company’s stock worth $16,859,000 after buying an additional 202,481 shares during the period. Aperio Group LLC increased its stake in SPX Corp by 16.7% in the second quarter. Aperio Group LLC now owns 23,700 shares of the company’s stock worth $596,000 after buying an additional 3,397 shares during the period. Louisiana State Employees Retirement System increased its stake in SPX Corp by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the company’s stock worth $435,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue increased its stake in SPX Corp by 79.5% in the second quarter. State of Alaska Department of Revenue now owns 8,364 shares of the company’s stock worth $210,000 after buying an additional 3,704 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in SPX Corp by 58.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 14,600 shares of the company’s stock worth $354,000 after buying an additional 5,400 shares during the period.

SPX Corp (NASDAQ:SPXC) traded down 1.63% during mid-day trading on Friday, hitting $24.14. 256,268 shares of the stock were exchanged. The company has a 50-day moving average price of $26.72 and a 200-day moving average price of $25.38. SPX Corp has a one year low of $15.49 and a one year high of $29.25. The company’s market cap is $1.03 billion.

SPX Corp (NASDAQ:SPXC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.09. The company had revenue of $349.70 million for the quarter, compared to the consensus estimate of $354.84 million. SPX Corp had a negative return on equity of 15.86% and a negative net margin of 2.37%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. On average, analysts predict that SPX Corp will post $1.75 earnings per share for the current fiscal year.

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Separately, Zacks Investment Research raised shares of SPX Corp from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, May 10th.

About SPX Corp

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.

Institutional Ownership by Quarter for SPX Corp (NASDAQ:SPXC)

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