SPX Technologies (NYSE:SPXC) Price Target Raised to $244.00 at Truist Financial

SPX Technologies (NYSE:SPXC) had its target price upped by Truist Financial from $216.00 to $244.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other analysts have also weighed in on the company. Wall Street Zen raised SPX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. TD Cowen reaffirmed a “hold” rating on shares of SPX Technologies in a research report on Tuesday, January 6th. Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $280.00 in a research note on Friday, February 13th. Oppenheimer boosted their price target on shares of SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SPX Technologies in a report on Monday, December 29th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $249.29.

SPX Technologies Trading Up 2.2%

SPX Technologies stock opened at $231.65 on Thursday. SPX Technologies has a one year low of $115.00 and a one year high of $246.68. The company’s fifty day moving average price is $217.66 and its two-hundred day moving average price is $204.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.48 and a quick ratio of 1.70. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 46.24, a PEG ratio of 1.56 and a beta of 1.32.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings results on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. SPX Technologies had a net margin of 10.77% and a return on equity of 17.82%. The company had revenue of $637.30 million for the quarter, compared to analyst estimates of $625.98 million. During the same quarter last year, the firm posted $1.51 earnings per share. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. On average, analysts forecast that SPX Technologies will post 5.57 earnings per share for the current fiscal year.

Insider Activity at SPX Technologies

In related news, insider J Randall Data sold 12,000 shares of SPX Technologies stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $215.37, for a total transaction of $2,584,440.00. Following the completion of the sale, the insider directly owned 38,020 shares of the company’s stock, valued at $8,188,367.40. The trade was a 23.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SPX Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. bought a new stake in shares of SPX Technologies in the 3rd quarter valued at about $28,000. Cullen Frost Bankers Inc. grew its holdings in SPX Technologies by 52.9% during the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock valued at $29,000 after purchasing an additional 54 shares during the period. Optiver Holding B.V. increased its stake in SPX Technologies by 110.5% in the third quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock valued at $30,000 after purchasing an additional 84 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in SPX Technologies in the second quarter worth $31,000. Finally, Financial Consulate Inc. bought a new position in shares of SPX Technologies during the third quarter worth $34,000. Institutional investors own 92.82% of the company’s stock.

Key Headlines Impacting SPX Technologies

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

• Positive Sentiment: Q4 results and guidance: SPX beat revenue and EPS estimates for Q4 (revenue growth ~19% YoY; EPS $1.88 vs. $1.86 consensus) and reiterated/issued FY26 guidance in a range that implies continued earnings growth — a key driver of the rally. Q4 Earnings Call Summary
• Positive Sentiment: Analyst upward revisions: Several brokers raised targets and maintained positive stances — Oppenheimer to $272 (outperform), Wells Fargo to $270 (overweight), Truist to $244 (hold) — signaling stronger sell-side conviction on the company’s growth trajectory. Benzinga coverage
• Neutral Sentiment: Additional coverage and detail: Earnings call transcript and write-ups add context on segment performance, margin drivers and deals that management highlighted; useful for assessing sustainment of growth. Earnings Call Transcript
• Neutral Sentiment: Analyst note/deep-dive: A sector/stock piece outlines growth opportunities and expectations — valuable for longer-term thesis but less directly market-moving than the results and target changes. Seeking Alpha piece
• Negative Sentiment: Rising short interest: Short interest jumped ~20.7% in February to ~976k shares (about 2.0% of float), which can increase volatility and indicates some investor skepticism. (Data summary provided in news feed.)
• Negative Sentiment: Coverage noting a pullback: Several articles explain why shares fell recently (one cites an ~8.8% drop), reflecting profit-taking or concerns that briefly offset the positive headline results. AAII article Yahoo explanation

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.