SPX Technologies, Inc. (NYSE:SPXC) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of SPX Technologies, Inc. (NYSE:SPXC) have received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $250.6250.

A number of equities analysts have issued reports on SPXC shares. JPMorgan Chase & Co. initiated coverage on SPX Technologies in a research note on Wednesday, March 4th. They set an “overweight” rating and a $260.00 price target for the company. Oppenheimer boosted their price objective on SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SPX Technologies in a research note on Monday, December 29th. Truist Financial lifted their target price on SPX Technologies from $216.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, February 26th. Finally, Wells Fargo & Company boosted their price target on shares of SPX Technologies from $220.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th.

SPX Technologies Stock Down 7.7%

SPXC stock opened at $186.78 on Friday. The firm’s 50-day moving average is $218.66 and its two-hundred day moving average is $206.97. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 1.43 and a beta of 1.30. SPX Technologies has a 52 week low of $115.00 and a 52 week 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.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $1.88 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $625.98 million. During the same period last year, the firm posted $1.51 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. 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.

Institutional Trading of SPX Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in SPXC. Hazlett Burt & Watson Inc. acquired a new stake in SPX Technologies during the third quarter valued at approximately $28,000. Cullen Frost Bankers Inc. grew its position in SPX Technologies by 52.9% in the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock worth $29,000 after buying an additional 54 shares during the last quarter. Optiver Holding B.V. increased its holdings in shares of 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 buying an additional 84 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of SPX Technologies during the 2nd quarter valued at $31,000. Finally, Financial Consulate Inc. acquired a new stake in shares of SPX Technologies during the 3rd quarter valued at $34,000. 92.82% of the stock is currently owned by institutional investors.

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.