SPX Technologies, Inc. (NYSE:SPXC) Given Average Rating of “Moderate Buy” by Analysts

Shares of SPX Technologies, Inc. (NYSE:SPXC) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $249.4444.

A number of brokerages have issued reports on SPXC. Truist Financial increased their price target on SPX Technologies from $251.00 to $261.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Oppenheimer increased 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. JPMorgan Chase & Co. increased their price target on SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Wells Fargo & Company increased their price target on SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, BMO Capital Markets began coverage on SPX Technologies in a research note on Friday, March 27th. They issued an “outperform” rating and a $243.00 price target for the company.

SPX Technologies Price Performance

Shares of SPX Technologies stock opened at $201.35 on Monday. SPX Technologies has a one year low of $147.39 and a one year high of $246.68. The stock’s fifty day moving average is $207.74 and its 200 day moving average is $212.95. The stock has a market cap of $10.10 billion, a P/E ratio of 39.40, a P/E/G ratio of 1.48 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 (NYSE:SPXC) last announced its earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The company had revenue of $566.80 million for the quarter, compared to analysts’ expectations of $557.62 million. During the same period last year, the firm earned $1.38 EPS. SPX Technologies’s revenue for the quarter was up 17.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Sell-side analysts anticipate that SPX Technologies will post 7.97 earnings per share for the current year.

Institutional Investors Weigh In On SPX Technologies

Institutional investors have recently bought and sold shares of the business. Capital International Investors purchased a new position in shares of SPX Technologies during the fourth quarter valued at about $307,494,000. First Trust Advisors LP grew its position in shares of SPX Technologies by 181.4% during the first quarter. First Trust Advisors LP now owns 1,362,871 shares of the company’s stock valued at $272,492,000 after purchasing an additional 878,494 shares in the last quarter. Invesco Ltd. grew its position in shares of SPX Technologies by 62.4% during the third quarter. Invesco Ltd. now owns 1,879,216 shares of the company’s stock valued at $351,000,000 after purchasing an additional 722,039 shares in the last quarter. Norges Bank purchased a new position in shares of SPX Technologies during the fourth quarter valued at about $123,721,000. Finally, Vanguard Group Inc. grew its position in shares of SPX Technologies by 4.6% during the third quarter. Vanguard Group Inc. now owns 5,298,472 shares of the company’s stock valued at $989,649,000 after purchasing an additional 232,436 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.

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.