Michael Andrew Reilly Sells 3,833 Shares of SPX Corporation (SPXC) Stock

SPX Corporation (NYSE:SPXC) CAO Michael Andrew Reilly sold 3,833 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $30.59, for a total transaction of $117,251.47. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of SPX Corporation (NYSE:SPXC) traded down $0.50 during midday trading on Tuesday, reaching $30.08. 144,800 shares of the company were exchanged, compared to its average volume of 277,029. SPX Corporation has a 1 year low of $20.89 and a 1 year high of $32.71. The firm has a market capitalization of $1,302.99, a price-to-earnings ratio of 16.35 and a beta of 1.70. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 1.15.

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A hedge fund recently raised its stake in SPX Corporation stock. Segall Bryant & Hamill LLC increased its position in shares of SPX Corporation (NYSE:SPXC) by 12.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,005,441 shares of the company’s stock after acquiring an additional 108,542 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 2.36% of SPX Corporation worth $29,500,000 as of its most recent filing with the SEC. 88.82% of the stock is currently owned by institutional investors.

Separately, ValuEngine lowered shares of SPX Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

About SPX Corporation

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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