18,981 Shares in SPX Technologies, Inc. $SPXC Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new position in SPX Technologies, Inc. (NYSE:SPXC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,981 shares of the company’s stock, valued at approximately $3,797,000.

A number of other hedge funds also recently made changes to their positions in SPXC. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of SPX Technologies by 46.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock worth $14,854,000 after purchasing an additional 23,439 shares during the last quarter. Quantbot Technologies LP bought a new position in SPX Technologies during the 3rd quarter valued at approximately $4,626,000. Waratah Capital Advisors Ltd. purchased a new stake in SPX Technologies in the 3rd quarter worth approximately $6,708,000. Interval Partners LP bought a new stake in shares of SPX Technologies in the 3rd quarter worth approximately $7,452,000. Finally, Goelzer Investment Management Inc. bought a new position in shares of SPX Technologies during the fourth quarter valued at approximately $720,000. 92.82% of the stock is owned by institutional investors.

SPX Technologies Stock Up 3.3%

Shares of SPX Technologies stock opened at $243.16 on Friday. 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 market capitalization of $12.17 billion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 1.73 and a beta of 1.28. SPX Technologies, Inc. has a 52-week low of $153.79 and a 52-week high of $246.68. The company has a 50-day simple moving average of $217.89 and a two-hundred day simple moving average of $214.61.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $566.80 million for the quarter, compared to the consensus estimate of $557.62 million. During the same quarter in the prior year, the firm posted $1.38 earnings per share. The business’s revenue was up 17.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. On average, analysts anticipate that SPX Technologies, Inc. will post 7.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on SPXC shares. JPMorgan Chase & Co. raised their price target on SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Truist Financial boosted their price objective on shares of SPX Technologies from $251.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Oppenheimer upped their price objective 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. B. Riley Financial reaffirmed a “buy” rating on shares of SPX Technologies in a research report on Friday, May 1st. Finally, Wells Fargo & Company lifted their target price on shares of SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating and one has assigned 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 target price 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.