Westfield Capital Management Co. LP Has $28.30 Million Stock Position in SPX Technologies, Inc. $SPXC

Westfield Capital Management Co. LP reduced its stake in SPX Technologies, Inc. (NYSE:SPXC) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,462 shares of the company’s stock after selling 4,237 shares during the quarter. Westfield Capital Management Co. LP’s holdings in SPX Technologies were worth $28,301,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SPXC. Optiver Holding B.V. grew its position in shares of SPX Technologies by 110.5% in 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 during the last quarter. Ares Financial Consulting LLC acquired a new stake in SPX Technologies during the 4th quarter worth approximately $37,000. Flagship Harbor Advisors LLC bought a new stake in SPX Technologies in the 4th quarter valued at $40,000. Sound Income Strategies LLC bought a new stake in SPX Technologies in the 4th quarter valued at $45,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in SPX Technologies by 56.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock valued at $47,000 after buying an additional 85 shares in the last quarter. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Performance

NYSE:SPXC opened at $227.93 on Friday. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 1.73 and a beta of 1.28. SPX Technologies, Inc. has a fifty-two week low of $152.79 and a fifty-two week high of $246.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.11. The stock has a fifty day moving average price of $211.57 and a 200-day moving average price of $213.10.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, beating 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 business had revenue of $566.80 million during the quarter, compared to the consensus estimate of $557.62 million. During the same quarter in the previous year, the firm earned $1.38 earnings per share. 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. As a group, equities analysts anticipate that SPX Technologies, Inc. will post 7.98 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on SPXC shares. Wall Street Zen cut SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Wells Fargo & Company raised their price target on shares of SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Bank of America raised 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 report on Friday, February 13th. BMO Capital Markets assumed coverage on shares of SPX Technologies in a research report on Friday, March 27th. They set an “outperform” rating and a $243.00 target price on the stock. Finally, Oppenheimer raised their target price on shares of SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $249.44.

SPX Technologies Company 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.