SPX Technologies, Inc. (NYSE:SPXC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of SPX Technologies, Inc. (NYSE:SPXC) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $249.6667.

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of SPX Technologies in a research note on Wednesday, March 4th. They set an “overweight” rating and a $260.00 target price for the company. Oppenheimer raised their price target on SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Bank of America raised SPX Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $280.00 in a report on Friday, February 13th. Truist Financial upgraded SPX Technologies from a “hold” rating to a “buy” rating and reduced their price objective for the company from $244.00 to $243.00 in a research report on Friday. Finally, TD Cowen reissued a “hold” rating on shares of SPX Technologies in a report on Tuesday, January 6th.

Hedge Funds Weigh In On SPX Technologies

Several institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. grew its position in SPX Technologies by 21.4% during the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $51,000 after buying an additional 45 shares during the period. Lido Advisors LLC increased its holdings in SPX Technologies by 1.6% during the fourth quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock valued at $586,000 after buying an additional 50 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in SPX Technologies by 52.9% in the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock worth $29,000 after acquiring an additional 54 shares during the period. Ameritas Investment Partners Inc. raised its position in SPX Technologies by 1.2% in the second quarter. Ameritas Investment Partners Inc. now owns 4,661 shares of the company’s stock worth $782,000 after acquiring an additional 56 shares during the period. Finally, Intrust Bank NA boosted its stake in shares of SPX Technologies by 3.6% during the 4th quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock worth $332,000 after acquiring an additional 58 shares during the last quarter. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Performance

Shares of NYSE SPXC opened at $199.75 on Friday. The firm’s 50-day moving average price is $217.39 and its 200-day moving average price is $207.42. SPX Technologies has a 52-week low of $115.00 and a 52-week high of $246.68. The company has a market cap of $9.96 billion, a PE ratio of 39.87, a PEG ratio of 1.53 and a beta of 1.30. The company has a quick ratio of 1.82, a current ratio of 2.48 and a debt-to-equity ratio of 0.22.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $637.30 million during the quarter, compared to analysts’ expectations of $625.98 million. SPX Technologies had a net margin of 10.77% and a return on equity of 17.82%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.51 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. As a group, analysts anticipate that SPX Technologies will post 5.57 EPS for the current year.

About SPX Technologies

SPX Technologies (NYSE:SPXC) is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.

The company’s Detection & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.