BidaskClub upgraded shares of SPX Corp (NASDAQ:SPXC) from a sell rating to a hold rating in a report issued on Tuesday morning.

Separately, Zacks Investment Research downgraded SPX Corp from a buy rating to a hold rating in a research report on Thursday, July 6th.

SPX Corp (NASDAQ:SPXC) opened at 25.81 on Tuesday. The stock has a 50 day moving average price of $25.53 and a 200 day moving average price of $25.30. SPX Corp has a 52 week low of $15.49 and a 52 week high of $29.25. The firm’s market cap is $1.10 billion.

SPX Corp (NASDAQ:SPXC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.09. The business had revenue of $349.70 million during 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 business’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. Equities research analysts expect that SPX Corp will post $1.75 EPS for the current year.

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A number of institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its holdings 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 valued at $435,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System boosted its holdings in SPX Corp by 0.5% in the second quarter. Arizona State Retirement System now owns 22,100 shares of the company’s stock valued at $556,000 after acquiring an additional 100 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in SPX Corp by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 4,660 shares of the company’s stock valued at $113,000 after acquiring an additional 140 shares during the last quarter. Texas Permanent School Fund boosted its holdings in SPX Corp by 1.2% in the second quarter. Texas Permanent School Fund now owns 30,951 shares of the company’s stock valued at $779,000 after acquiring an additional 380 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in SPX Corp by 5.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,970 shares of the company’s stock valued at $251,000 after acquiring an additional 480 shares during the last quarter.

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.

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