SPX Technologies (NYSE:SPXC) Hits New 52-Week Low – Here’s Why

Shares of SPX Technologies, Inc. (NYSE:SPXC) reached a new 52-week low on Friday. The company traded as low as $148.17 and last traded at $160.4580, with a volume of 178,220 shares changing hands. The stock had previously closed at $167.26.

SPX Technologies News Roundup

Here are the key news stories impacting SPX Technologies this week:

• Positive Sentiment: SPX reported third-quarter revenue of $714.5 million, up 20.5% year over year and slightly above the $710.4 million consensus estimate. Adjusted earnings of $2.21 per share exceeded expectations of $2.12 and increased from $1.84 a year earlier. SPX Technologies Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Operating profit rose 18.7% to $115.3 million, while reported diluted EPS increased 25.6% to $1.62. The results point to continued strength in SPX’s core HVAC and detection businesses. SPX Technologies Q3 2026 Earnings
• Neutral Sentiment: Management highlighted approximately $1.1 billion of data-center-related capacity, reinforcing a potentially significant long-term growth opportunity as cooling and infrastructure demand expands. SPX Outlines Data Center Capacity and EBITDA Growth Guide
• Negative Sentiment: The company’s 2026 adjusted EBITDA growth guidance shifted to approximately 25%, which appears to have prompted investor concern about a moderation in expected growth, even with strong current-quarter results. The change is particularly important because SPXC trades at a relatively elevated valuation.
• Negative Sentiment: Profit growth lagged revenue growth, with cost of sales rising to approximately $435 million. Operating cash flow of $59.3 million also remained only modestly above capital spending of $40 million, limiting near-term free-cash-flow leverage.
• Negative Sentiment: Investor sentiment was also pressured by volatility surrounding AI and data-center beneficiaries. SPXC remains below its 50-day and 200-day moving averages, suggesting that technical momentum is weak despite the earnings beat.

Analysts Set New Price Targets

SPXC has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of SPX Technologies from $282.00 to $225.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. Oppenheimer cut their price target on shares of SPX Technologies from $270.00 to $265.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. B. Riley Financial decreased their target price on SPX Technologies from $285.00 to $250.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings cut shares of SPX Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, September 21st. Finally, Wells Fargo & Company cut their price objective on shares of SPX Technologies from $250.00 to $243.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.82.

SPX Technologies Stock Down 3.5%

The company’s 50-day simple moving average is $179.51 and its two-hundred day simple moving average is $207.75. The firm has a market capitalization of $8.09 billion, a P/E ratio of 29.02, a P/E/G ratio of 1.08 and a beta of 1.24. 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 (NYSE:SPXC) last released its quarterly earnings results on Thursday, October 29th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.09. The business had revenue of $714.50 million during the quarter, compared to analyst estimates of $710.38 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 20.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 earnings per share. As a group, research analysts expect that SPX Technologies, Inc. will post 8.37 earnings per share for the current year.

Hedge Funds Weigh In On SPX Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPXC. BlackRock Inc. purchased a new position in SPX Technologies during the 2nd quarter worth $1,189,365,000. Jupiter Topco LLC acquired a new stake in SPX Technologies in the 2nd quarter valued at $465,593,000. First Trust Advisors LP increased its position in shares of SPX Technologies by 181.4% during the first quarter. First Trust Advisors LP now owns 1,362,871 shares of the company’s stock worth $272,492,000 after purchasing an additional 878,494 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of SPX Technologies by 5.9% in the first quarter. Janus Henderson Group PLC now owns 765,245 shares of the company’s stock valued at $153,011,000 after purchasing an additional 42,921 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in SPX Technologies by 4.1% in the first quarter. Principal Financial Group Inc. now owns 445,434 shares of the company’s stock valued at $89,060,000 after purchasing an additional 17,524 shares during the period. 92.82% of the stock is owned by institutional investors.

SPX Technologies Company Profile

SPX Technologies, Inc (NYSE:SPXC) is a diversified industrial technology company that develops and manufactures engineered products and solutions for the heating, ventilation, air conditioning and infrastructure markets. The company serves commercial, industrial and residential customers through specialized technologies designed to support building climate control, utility infrastructure and related applications.

SPX Technologies operates through two primary business segments: HVAC and Detection & Measurement.