SPX Technologies, Inc. (NYSE:SPXC) Receives $266.67 Average PT from Brokerages

SPX Technologies, Inc. (NYSE:SPXC) has been given a consensus recommendation of “Buy” by the eleven research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $266.6667.

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Wolfe Research reissued an “outperform” rating and set a $266.00 price target on shares of SPX Technologies in a research report on Thursday, July 9th. Zacks Research upgraded SPX Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. B. Riley Financial lifted their price objective on shares of SPX Technologies from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of SPX Technologies in a research note on Wednesday, July 8th.

SPX Technologies Stock Performance

Shares of SPXC stock opened at $201.55 on Wednesday. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 1.31 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.21 and a current ratio of 1.82. The company has a 50-day simple moving average of $219.88 and a 200 day simple moving average of $217.42. SPX Technologies has a 52 week low of $179.62 and a 52 week high of $251.08.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.17. SPX Technologies had a return on equity of 16.53% and a net margin of 11.27%.The firm had revenue of $679.00 million for the quarter, compared to analysts’ expectations of $640.18 million. During the same quarter last year, the business earned $1.65 EPS. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. On average, sell-side analysts predict that SPX Technologies will post 8.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SPXC. Hantz Financial Services Inc. grew its holdings in shares of SPX Technologies by 21.4% during the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $51,000 after buying an additional 45 shares during the last quarter. Lido Advisors LLC raised its holdings in SPX Technologies by 1.6% in the 4th quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock worth $586,000 after acquiring an additional 50 shares during the last quarter. Intrust Bank NA lifted its position in SPX Technologies by 3.6% in the 4th quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock valued at $332,000 after acquiring an additional 58 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in SPX Technologies by 4.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,431 shares of the company’s stock valued at $286,000 after purchasing an additional 60 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in SPX Technologies by 7.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 941 shares of the company’s stock valued at $188,000 after purchasing an additional 62 shares during the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

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.