Spx Corp Stock Today
| SPXC Stock | USD 117.67 0.17 0.14% |
Performance11 of 100
| Odds Of DistressLess than 6
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SPX Corp is trading at 117.67 as of the 19th of April 2024, a 0.14 percent increase since the beginning of the trading day. The stock's open price was 117.5. SPX Corp has only a 6 % chance of going through financial distress over the next few years and had a good performance during the last 90 days. Equity ratings for SPX Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 1st of July 1985 | Category Industrials |
SPX Technologies, Inc. supplies infrastructure equipment serving the heating, ventilation, and cooling and detection and measurement markets in the United States, China, the United Kingdom, and internationally. SPX Technologies, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina. The company has 46.25 M outstanding shares of which 540.16 K shares are at this time shorted by private and institutional investors with about 2.36 trading days to cover. More on SPX Corp
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Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
SPX Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. SPX Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SPX Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Eugene Lowe | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Building Products & Equipment, Industrials, NYSE Composite, SP Small-Cap 600, Industrials, Machinery, Specialty Industrial Machinery, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering SPX Corp report their recommendations after researching SPX Corp's financial statements, talking to executives and customers, or listening in on SPX Corp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering SPX Corp. The SPX consensus assessment is calculated by taking the average forecast from all of the analysts covering SPX Corp. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of SPX Corp's profitability, liquidity, and operating efficiency, SPX Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of SPX Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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SPX Corp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to SPX Corp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand SPX Corp's financial leverage. It provides some insight into what part of SPX Corp's total assets is financed by creditors.
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SPX Corp (SPXC) is traded on New York Stock Exchange in USA. It is located in 6325 Ardrey Kell Road, Charlotte, NC, United States, 28277 and employs 4,100 people. SPX Corp is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.44 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate SPX Corp's market, we take the total number of its shares issued and multiply it by SPX Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. SPX Corp conducts business under Machinery sector and is part of Industrials industry. The entity has 46.25 M outstanding shares of which 540.16 K shares are at this time shorted by private and institutional investors with about 2.36 trading days to cover.
SPX Corp currently holds about 189.8 M in cash with 208.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.2.
Check SPX Corp Probability Of Bankruptcy
Ownership AllocationSPX Corp shows a total of 46.25 Million outstanding shares. The majority of SPX Corp outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in SPX Corp to benefit from reduced commissions. Accordingly, institutions are subject to a different set of regulations than regular investors in SPX Corp. Please pay attention to any change in the institutional holdings of SPX Corp as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check SPX Ownership Details
SPX Stock Price Odds Analysis
What are SPX Corp's target price odds to finish over the current price? Based on a normal probability distribution, the odds of SPX Corp jumping above the current price in 90 days from now is about 26.01%. The SPX Corp probability density function shows the probability of SPX Corp stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days SPX Corp has a beta of 0.3355. This usually implies as returns on the market go up, SPX Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SPX Corp will be expected to be much smaller as well. Additionally, sPX Corp has an alpha of 0.2611, implying that it can generate a 0.26 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of SPX Corp to move above the current price in 90 days from now is about 26.01 (This SPX Corp probability density function shows the probability of SPX Stock to fall within a particular range of prices over 90 days) .
SPX Stock Institutional Holders
Institutional Holdings refers to the ownership stake in SPX Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of SPX Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing SPX Corp's value.| Instituion | Recorded On | Shares | |
| Segall Bryant & Hamill | 2023-12-31 | 901.5 K | |
| Artisan Partners Limited Partnership | 2023-12-31 | 809.8 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 768.9 K | |
| Gw&k Investment Management, Llc | 2023-12-31 | 743.2 K | |
| Channing Capital Management, Llc | 2023-12-31 | 719 K | |
| Alliancebernstein L.p. | 2023-12-31 | 608.4 K | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 568.2 K | |
| Hhg Plc | 2023-12-31 | 530 K | |
| Northern Trust Corp | 2023-12-31 | 502.8 K | |
| Blackrock Inc | 2023-12-31 | 7 M | |
| Vanguard Group Inc | 2023-12-31 | 5 M |
SPX Corp Historical Income Statement
SPX Corp Income Statement is one of the three primary financial statements used for reporting SPX's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of SPX Corp revenue and expense. SPX Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, SPX Corp's Interest Expense is projected to decrease significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 2.8 B, whereas Operating Income is forecasted to decline to about 179.5 M. View More FundamentalsSPX Stock Against Markets
Picking the right benchmark for SPX Corp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in SPX Corp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for SPX Corp is critical whether you are bullish or bearish towards SPX Corp at a given time. Please also check how SPX Corp's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in SPX Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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SPX Corp Corporate Directors
SPX Corp corporate directors refer to members of a SPX Corp board of directors. The board of directors generally takes responsibility for the SPX Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of SPX Corp's board members must vote for the resolution. The SPX Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| David Roberts | Independent Director | Profile | |
| Patrick Campbell | Additional Director | Profile | |
| Ricky Puckett | Independent Director | Profile | |
| Robert Toth | Independent Director | Profile |
How to buy SPX Stock?
Before investing in SPX Corp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in SPX Corp. To buy SPX Corp stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of SPX Corp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase SPX Corp stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located SPX Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased SPX Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as SPX Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy SPX Stock please use our How to Invest in SPX Corp guide.
Already Invested in SPX Corp?
The danger of trading SPX Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SPX Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SPX Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SPX Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether SPX Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SPX Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Spx Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Spx Corp Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPX Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For information on how to trade SPX Stock refer to our How to Trade SPX Stock guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for SPX Stock analysis
When running SPX Corp's price analysis, check to measure SPX Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPX Corp is operating at the current time. Most of SPX Corp's value examination focuses on studying past and present price action to predict the probability of SPX Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPX Corp's price. Additionally, you may evaluate how the addition of SPX Corp to your portfolios can decrease your overall portfolio volatility.
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Is SPX Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SPX Corp. If investors know SPX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SPX Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.77 | Earnings Share 3.1 | Revenue Per Share 38.23 | Quarterly Revenue Growth 0.093 | Return On Assets 0.0653 |
The market value of SPX Corp is measured differently than its book value, which is the value of SPX that is recorded on the company's balance sheet. Investors also form their own opinion of SPX Corp's value that differs from its market value or its book value, called intrinsic value, which is SPX Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPX Corp's market value can be influenced by many factors that don't directly affect SPX Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPX Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPX Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPX Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.