Bridgefront Capital LLC Invests $620,000 in SPX Technologies, Inc. $SPXC

Bridgefront Capital LLC bought a new stake in SPX Technologies, Inc. (NYSE:SPXC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,318 shares of the company’s stock, valued at approximately $620,000.

Several other institutional investors and hedge funds have also modified their holdings of SPXC. Hazlett Burt & Watson Inc. bought a new position in SPX Technologies during the third quarter worth about $28,000. Cullen Frost Bankers Inc. boosted its holdings in SPX Technologies by 52.9% in the 3rd 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. boosted its holdings in SPX Technologies by 110.5% in the 3rd quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock valued at $30,000 after purchasing an additional 84 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of SPX Technologies during the 2nd quarter worth approximately $31,000. Finally, Financial Consulate Inc. bought a new position in shares of SPX Technologies during the third quarter worth approximately $34,000. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Stock Performance

Shares of SPX Technologies stock opened at $199.21 on Monday. The company has a 50 day moving average of $219.41 and a 200-day moving average of $206.67. SPX Technologies, Inc. has a 1-year low of $115.00 and a 1-year high of $246.68. The company has a current ratio of 2.48, a quick ratio of 1.82 and a debt-to-equity ratio of 0.22. The company has a market cap of $9.94 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.53 and a beta of 1.30.

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

Wall Street Analyst Weigh In

SPXC has been the subject of a number of analyst reports. B. Riley Financial reiterated a “buy” rating and issued a $244.00 price target (up from $225.00) on shares of SPX Technologies in a research report on Wednesday, December 10th. Wells Fargo & Company increased their price target on SPX Technologies from $220.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Truist Financial raised their price objective on SPX Technologies from $216.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SPX Technologies in a report on Monday, December 29th. Finally, Oppenheimer upped their target price on SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $250.63.

SPX Technologies Company 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.