SPX Technologies, Inc. (NYSE:SPXC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of SPX Technologies, Inc. (NYSE:SPXC) have received an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $249.4444.

SPXC has been the subject of several recent research reports. Oppenheimer raised their price objective on shares of SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Wall Street Zen lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. BMO Capital Markets initiated coverage on shares of SPX Technologies in a research note on Friday, March 27th. They issued an “outperform” rating and a $243.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Truist Financial raised their price objective on shares of SPX Technologies from $251.00 to $261.00 and gave the company a “buy” rating in a research note on Monday, May 4th.

SPX Technologies Trading Down 0.5%

NYSE SPXC opened at $228.77 on Friday. The firm has a 50 day simple moving average of $212.73 and a 200-day simple moving average of $213.48. 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 has a one year low of $152.79 and a one year high of $246.68. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 44.77, a PEG ratio of 1.69 and a beta of 1.28.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The business had revenue of $566.80 million during the quarter, compared to analyst estimates of $557.62 million. During the same quarter last year, the firm posted $1.38 earnings per share. The business’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. Equities research analysts anticipate that SPX Technologies will post 7.98 EPS for the current fiscal year.

Institutional Trading of SPX Technologies

Hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in SPX Technologies by 46.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock valued at $14,854,000 after acquiring an additional 23,439 shares in the last quarter. Quantbot Technologies LP acquired a new stake in SPX Technologies in the third quarter valued at approximately $4,626,000. Waratah Capital Advisors Ltd. acquired a new stake in SPX Technologies in the third quarter valued at approximately $6,708,000. Interval Partners LP acquired a new stake in SPX Technologies in the third quarter valued at approximately $7,452,000. Finally, Goelzer Investment Management Inc. acquired a new stake in SPX Technologies in the fourth quarter valued at approximately $720,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

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.