Conestoga Capital Advisors LLC Has $131.47 Million Stock Position in SPX Technologies, Inc. $SPXC

Conestoga Capital Advisors LLC cut its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 13.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 657,553 shares of the company’s stock after selling 100,847 shares during the quarter. SPX Technologies accounts for 2.6% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Conestoga Capital Advisors LLC’s holdings in SPX Technologies were worth $131,471,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Ares Financial Consulting LLC acquired a new stake in SPX Technologies in the fourth quarter worth $37,000. Flagship Harbor Advisors LLC bought a new position in shares of SPX Technologies during the 4th quarter worth about $40,000. Sound Income Strategies LLC acquired a new stake in shares of SPX Technologies in the 4th quarter valued at about $45,000. Hazlett Burt & Watson Inc. increased its position 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. Finally, Hantz Financial Services Inc. raised its stake in SPX Technologies by 21.4% during the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $51,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Price Performance

SPXC opened at $232.08 on Thursday. SPX Technologies, Inc. has a 1 year low of $168.61 and a 1 year high of $251.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.11 and a quick ratio of 1.39. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 45.42, a P/E/G ratio of 1.80 and a beta of 1.26. The firm’s fifty day moving average price is $221.71 and its two-hundred day moving average price is $216.40.

SPX Technologies (NYSE:SPXC) last announced its earnings results 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 company had revenue of $566.80 million during the quarter, compared to the consensus estimate of $557.62 million. During the same quarter in the prior year, the company posted $1.38 earnings per share. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, analysts anticipate that SPX Technologies, Inc. will post 7.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Truist Financial raised their price objective on SPX Technologies from $251.00 to $261.00 and gave the company a “buy” rating in a research note on Monday, May 4th. BMO Capital Markets began coverage on SPX Technologies in a report on Friday, March 27th. They issued an “outperform” rating and a $243.00 target price on the stock. Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Wells Fargo & Company upped their price objective on shares of SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, 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. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, SPX Technologies currently has an average rating of “Moderate Buy” and an average price target of $249.44.

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.