Brokerages Set SPX Technologies, Inc. (NYSE:SPXC) Target Price at $255.30

SPX Technologies, Inc. (NYSE:SPXC) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $255.30.

SPXC has been the topic of a number of research reports. Wolfe Research reissued an “outperform” rating and set a $266.00 target price on shares of SPX Technologies in a report on Thursday, July 9th. Oppenheimer reaffirmed an “outperform” rating and set a $280.00 price target (up from $272.00) on shares of SPX Technologies in a research note on Monday, July 20th. Truist Financial lifted their price target on shares of SPX Technologies from $261.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of SPX Technologies in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company increased their price objective on SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 1st.

Institutional Investors Weigh In On SPX Technologies

A number of institutional investors have recently made changes to their positions in the stock. Ares Financial Consulting LLC bought a new position in shares of SPX Technologies during the fourth quarter worth about $37,000. Flagship Harbor Advisors LLC acquired a new stake 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 worth approximately $45,000. Hazlett Burt & Watson Inc. lifted its position in shares of SPX Technologies by 56.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock worth $47,000 after purchasing an additional 85 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of SPX Technologies by 21.4% in the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $51,000 after purchasing an additional 45 shares during the period. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Performance

Shares of SPXC stock opened at $219.29 on Friday. The business’s 50-day moving average price is $224.67 and its 200-day moving average price is $217.80. SPX Technologies has a 12 month low of $177.63 and a 12 month high of $251.08. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 42.91, a PEG ratio of 1.62 and a beta of 1.27. The company has a current ratio of 2.11, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.14. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The company had revenue of $566.80 million for the quarter, compared to analysts’ expectations of $557.62 million. During the same period in the previous year, the business posted $1.38 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Equities research analysts forecast that SPX Technologies will post 7.98 EPS for the current 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.