Securian Asset Management Inc. Purchases New Holdings in SPX Technologies, Inc. $SPXC

Securian Asset Management Inc. purchased a new stake in SPX Technologies, Inc. (NYSE:SPXC) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,632 shares of the company’s stock, valued at approximately $727,000.

Several other institutional investors have also made changes to their positions in SPXC. Hazlett Burt & Watson Inc. acquired a new position in SPX Technologies during the third quarter valued at approximately $28,000. Cullen Frost Bankers Inc. raised its position in SPX Technologies by 52.9% during the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Optiver Holding B.V. raised its position in SPX Technologies by 110.5% during the third quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock valued at $30,000 after purchasing an additional 84 shares in the last quarter. Ares Financial Consulting LLC acquired a new position in SPX Technologies during the fourth quarter valued at approximately $37,000. Finally, Flagship Harbor Advisors LLC acquired a new position in SPX Technologies during the fourth quarter valued at approximately $40,000. 92.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SPXC shares. Truist Financial boosted their price objective on shares of SPX Technologies from $251.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $280.00 in a research report on Friday, February 13th. Oppenheimer boosted their price objective on shares of SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, BMO Capital Markets started coverage on shares of SPX Technologies in a research report on Friday, March 27th. They set an “outperform” rating and a $243.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.44.

SPX Technologies Stock Down 0.3%

Shares of NYSE:SPXC opened at $203.24 on Friday. The company has a fifty day moving average of $208.15 and a 200-day moving average of $212.91. The company has a market capitalization of $10.20 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.11. SPX Technologies, Inc. has a 52-week low of $147.39 and a 52-week high of $246.68.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.14. The company had revenue of $566.80 million during the quarter, compared to the consensus estimate of $557.62 million. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. On average, equities analysts predict that SPX Technologies, Inc. will post 7.97 EPS for the current fiscal year.

SPX Technologies Profile

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.