Neuberger Berman Group LLC Increases Holdings of SPX Technologies, for Impressive Gains
June 22, 2023
☀️Trending News
Recently, Neuberger Berman Group LLC has become the talk of the town for its substantial increase in investments in SPX ($NYSE:SPXC) Technologies, Inc., a financial management firm. SPX Technologies, Inc. is a publicly traded company providing financial and technology services to a variety of corporate entities. They specialize in providing financial and technology solutions, such as risk management services, software development, and strategic consulting. Their services are designed to help companies achieve their financial goals and maximize returns on their investments. The firm has been able to capitalize on the potential of SPX Technologies, Inc. to provide valuable solutions to their clients.
Stock Price
On Friday, SPX TECHNOLOGIES, Inc. stock opened at $84.2 and closed at $84.6, an impressive 0.8% increase from the previous closing price of $83.9. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Spx Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 1.55k | 31.6 | 3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Spx Technologies. More…
| Operations | Investing | Financing |
| -84 | -12.2 | 35.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Spx Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.02k | 895.3 | 24.73 |
Key Ratios Snapshot
Some of the financial key ratios for Spx Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.1% | -10.1% | 4.6% |
| FCF Margin | ROE | ROA |
| -6.6% | 4.0% | 2.2% |
Analysis
At GoodWhale, we take a close look at the fundamentals of SPX TECHNOLOGIES. Through our analysis, we’ve identified that the company is strong in terms of its star chart, medium in terms of growth, profitability, and weak when it comes to assets and dividends. Based on our classification of SPX TECHNOLOGIES as a ‘rhino’ type of company, one that has achieved moderate revenue or earnings growth, this makes it attractive to investors looking for a stable investment. Additionally, the company also has a high health score of 8/10 considering its cashflows and debt, which indicates that it is capable of safely riding out any crisis without the risk of bankruptcy. Thus, investors who want to play it safe and look for long-term investments can certainly look towards SPX TECHNOLOGIES as a viable option. More…
Peers
The company has a strong focus on research and development, and is constantly innovating to stay ahead of its competitors. SPX Technologies Inc’s main competitors are Hydrogen Hybrid Technologies Inc, Eindec Corp Ltd, and Armatura SA. These companies are all leaders in the fuel cell and hydrogen technology industry, and are constantly striving to improve their products and services. SPX Technologies Inc has a strong track record of delivering quality products and services, and is committed to providing its customers with the best possible experience.
– Hydrogen Hybrid Technologies Inc ($OTCPK:HYHY)
Hydrogen Hybrid Technologies Inc is a company that focuses on developing hydrogen fuel cell technology for use in a variety of applications. The company has a market cap of 93.75k as of 2022 and a Return on Equity of -118.88%. Hydrogen Hybrid Technologies Inc’s main product is a fuel cell that can be used to power a variety of devices, including automobiles and power generation plants. The company is also working on developing a fuel cell that can be used to store energy, which would be used to provide power during times of peak demand.
– Eindec Corp Ltd ($SGX:42Z)
Eindec Corp Ltd is a publicly traded company with a market capitalization of 4.52M as of 2022. The company has a return on equity of 16.25%. Eindec Corp Ltd is engaged in the business of providing environmental consulting services. The company’s services include environmental impact assessments, environmental auditing, environmental due diligence, and environmental management system development and implementation.
– Armatura SA ($LTS:0DLU)
Armatura SA is a manufacturer of armatures and electric motors. The company has a market cap of 4.4M as of 2022 and a return on equity of 126.78%. The company’s products are used in a variety of industries, including automotive, aerospace, and construction. Armatura SA is headquartered in Poland and has manufacturing facilities in Poland, the United States, China, and India.
Summary
Neuberger Berman Group LLC has made a strong move in investing in SPX Technologies, Inc., a financial management firm. Through careful analysis and research, the firm has gained a large number of shares in the company. This is seen as a positive sign by analysts, as the increased presence of the firm indicates that it is confident in the future of SPX Technologies, Inc. The research conducted by the firm has determined that SPX Technologies, Inc. is a sound investment and has the potential to provide good returns in the long-term. The firm has also taken steps to ensure that their investment strategy is properly planned out and risk-managed in order to maximize potential gains.
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