Century Capital Management LLC increased its holdings in SPX Corp (NASDAQ:SPXC) by 88.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,481 shares of the company’s stock after buying an additional 72,867 shares during the quarter. Century Capital Management LLC owned about 0.37% of SPX Corp worth $3,912,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Louisiana State Employees Retirement System grew its stake in shares of SPX Corp by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the company’s stock worth $435,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System grew its stake in shares of SPX Corp by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 22,100 shares of the company’s stock worth $556,000 after purchasing an additional 100 shares during the period. State of Alaska Department of Revenue grew its stake in shares of SPX Corp by 3.1% during the 1st quarter. State of Alaska Department of Revenue now owns 4,660 shares of the company’s stock worth $113,000 after purchasing an additional 140 shares during the period. Texas Permanent School Fund grew its stake in shares of SPX Corp by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 30,951 shares of the company’s stock worth $779,000 after purchasing an additional 380 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of SPX Corp by 5.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,970 shares of the company’s stock worth $251,000 after purchasing an additional 480 shares during the period.

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Shares of SPX Corp (NASDAQ SPXC) traded up 1.31% during midday trading on Friday, hitting $24.74. 172,677 shares of the stock were exchanged. The company’s market cap is $1.05 billion. SPX Corp has a one year low of $15.49 and a one year high of $29.25. The firm has a 50 day moving average of $25.62 and a 200-day moving average of $25.30.

SPX Corp (NASDAQ:SPXC) last released its earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.09. The business had revenue of $349.70 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. Equities analysts expect that SPX Corp will post $1.75 EPS for the current year.

Separately, Zacks Investment Research raised shares of SPX Corp from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, August 8th.

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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