8,476 Shares in SPX Technologies, Inc. $SPXC Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of SPX Technologies, Inc. (NYSE:SPXC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,476 shares of the company’s stock, valued at approximately $2,078,000.

Several other large investors have also modified their holdings of SPXC. Group One Trading LLC purchased a new position in shares of SPX Technologies during the 2nd quarter worth $32,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in SPX Technologies in the 2nd quarter valued at about $47,000. Hazlett Burt & Watson Inc. lifted its position in SPX Technologies by 56.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock valued at $47,000 after buying an additional 85 shares during the last quarter. Summit Securities Group LLC purchased a new position in SPX Technologies during the first quarter worth about $51,000. Finally, Hantz Financial Services Inc. boosted its stake in SPX Technologies by 21.4% during the fourth 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 Stock Performance

NYSE:SPXC opened at $198.26 on Friday. The firm has a market capitalization of $9.93 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 1.30 and a beta of 1.27. The business’s fifty day moving average price is $217.60 and its 200 day moving average price is $217.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.82 and a quick ratio of 1.21. SPX Technologies, Inc. has a 12 month low of $179.62 and a 12 month high of $251.08.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPXC. Wolfe Research reissued an “outperform” rating and issued a $266.00 price target on shares of SPX Technologies in a research note on Thursday, July 9th. B. Riley Financial increased their price objective on shares of SPX Technologies from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Oppenheimer reiterated an “outperform” rating and issued a $280.00 target price (up from $272.00) on shares of SPX Technologies in a report on Monday, July 20th. Wall Street Zen raised SPX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $250.00 price target on shares of SPX Technologies in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, SPX Technologies presently has a consensus rating of “Buy” and an average target price of $266.67.

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.