SPX Technologies, Inc. (NYSE:SPXC) Given Average Rating of “Moderate Buy” by Analysts

SPX Technologies, Inc. (NYSE:SPXC) has received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $253.2222.

SPXC has been the topic of several research reports. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a research report on Friday, May 1st. Truist Financial increased their price objective on SPX Technologies from $261.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Wall Street Zen lowered SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. BMO Capital Markets started coverage on shares of SPX Technologies in a report on Friday, March 27th. They set an “outperform” rating and a $243.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th.

Institutional Investors Weigh In On SPX Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ares Financial Consulting LLC bought a new stake in shares of SPX Technologies in the 4th quarter worth approximately $37,000. Flagship Harbor Advisors LLC bought a new position in SPX Technologies during the 4th quarter valued at approximately $40,000. Sound Income Strategies LLC bought a new position in SPX Technologies during the 4th quarter valued at approximately $45,000. Hazlett Burt & Watson Inc. raised its stake in SPX Technologies by 56.7% during 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. Finally, Summit Securities Group LLC purchased a new position in SPX Technologies during the first quarter valued at $51,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Down 5.4%

SPXC traded down $12.43 on Tuesday, hitting $219.76. The company had a trading volume of 121,903 shares, compared to its average volume of 569,939. The stock has a fifty day simple moving average of $222.21 and a 200-day simple moving average of $216.62. 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 firm has a market capitalization of $11.00 billion, a P/E ratio of 43.01, a P/E/G ratio of 1.67 and a beta of 1.27. SPX Technologies has a 52-week low of $169.18 and a 52-week high of $251.08.

SPX Technologies (NYSE:SPXC) last posted its earnings results on Thursday, April 30th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.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 business earned $1.38 EPS. The business’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, equities analysts expect that SPX Technologies will post 7.98 EPS for the current fiscal year.

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.