SG Americas Securities LLC Purchases 16,275 Shares of SPX Technologies, Inc. $SPXC

SG Americas Securities LLC grew its position in SPX Technologies, Inc. (NYSE:SPXC) by 250.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,764 shares of the company’s stock after buying an additional 16,275 shares during the period. SG Americas Securities LLC’s holdings in SPX Technologies were worth $4,554,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Kennedy Capital Management LLC lifted its holdings in shares of SPX Technologies by 271.0% during the 2nd quarter. Kennedy Capital Management LLC now owns 70,191 shares of the company’s stock valued at $11,770,000 after purchasing an additional 51,273 shares in the last quarter. Principal Financial Group Inc. increased its stake in SPX Technologies by 11.2% during the 3rd quarter. Principal Financial Group Inc. now owns 550,863 shares of the company’s stock worth $102,890,000 after purchasing an additional 55,482 shares in the last quarter. Moody Aldrich Partners LLC raised its holdings in SPX Technologies by 18.8% during the 3rd quarter. Moody Aldrich Partners LLC now owns 33,475 shares of the company’s stock worth $6,252,000 after buying an additional 5,290 shares during the period. Emerald Advisers LLC raised its holdings in SPX Technologies by 13.6% during the 3rd quarter. Emerald Advisers LLC now owns 153,507 shares of the company’s stock worth $28,672,000 after buying an additional 18,403 shares during the period. Finally, Voya Investment Management LLC lifted its stake in SPX Technologies by 36.6% in the third quarter. Voya Investment Management LLC now owns 186,359 shares of the company’s stock valued at $34,808,000 after buying an additional 49,884 shares in the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPXC. Wells Fargo & Company reduced their price target on shares of SPX Technologies from $270.00 to $225.00 and set an “overweight” rating for the company in a report on Wednesday. Oppenheimer boosted their price objective on shares of SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SPX Technologies in a research note on Monday, December 29th. Bank of America upgraded SPX Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $240.00 to $280.00 in a report on Friday, February 13th. Finally, B. Riley Financial reissued a “buy” rating and issued a $244.00 price target (up from $225.00) on shares of SPX Technologies in a research note on Wednesday, December 10th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, SPX Technologies presently has an average rating of “Moderate Buy” and an average target price of $244.67.

SPX Technologies Price Performance

NYSE SPXC opened at $204.13 on Thursday. The company has a quick ratio of 1.82, a current ratio of 2.48 and a debt-to-equity ratio of 0.22. SPX Technologies, Inc. has a 12-month low of $115.00 and a 12-month high of $246.68. The company has a market capitalization of $10.18 billion, a PE ratio of 40.74, a price-to-earnings-growth ratio of 1.53 and a beta of 1.30. The firm’s 50 day moving average is $216.19 and its 200-day moving average is $207.63.

SPX Technologies (NYSE:SPXC) last announced its earnings results on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $637.30 million during the quarter, compared to analysts’ expectations of $625.98 million. SPX Technologies had a net margin of 10.77% and a return on equity of 17.82%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.51 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. Equities research analysts anticipate that SPX Technologies, Inc. will post 5.57 earnings per share for the current fiscal year.

SPX Technologies 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.