B. Riley Research Analysts Boost Earnings Estimates for SPXC

SPX Technologies, Inc. (NYSE:SPXC) – B. Riley lifted their FY2026 earnings estimates for SPX Technologies in a note issued to investors on Friday, October 31st. B. Riley analyst J. Van. Sinderen now forecasts that the company will post earnings per share of $7.55 for the year, up from their prior estimate of $7.30. B. Riley currently has a “Buy” rating and a $225.00 target price on the stock. The consensus estimate for SPX Technologies’ current full-year earnings is $5.57 per share. B. Riley also issued estimates for SPX Technologies’ FY2027 earnings at $8.41 EPS.

SPXC has been the subject of several other research reports. UBS Group lifted their price target on SPX Technologies from $182.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Bank of America started coverage on shares of SPX Technologies in a research report on Wednesday, October 8th. They set a “neutral” rating and a $202.00 target price for the company. Wells Fargo & Company started coverage on SPX Technologies in a report on Tuesday, October 14th. They issued an “overweight” rating and a $205.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of SPX Technologies in a report on Wednesday, October 8th. Finally, Wall Street Zen cut SPX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.75.

SPX Technologies Stock Performance

NYSE:SPXC opened at $215.62 on Monday. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 48.45, a price-to-earnings-growth ratio of 2.06 and a beta of 1.37. SPX Technologies has a 1-year low of $115.00 and a 1-year high of $233.71. The firm’s fifty day moving average price is $189.31 and its 200 day moving average price is $173.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.97 and a quick ratio of 1.28.

SPX Technologies (NYSE:SPXC) last announced its earnings results on Thursday, October 30th. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.24. The business had revenue of $592.80 million for the quarter, compared to analyst estimates of $574.32 million. SPX Technologies had a net margin of 10.27% and a return on equity of 19.59%. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the firm posted $1.39 earnings per share. SPX Technologies has set its FY 2025 guidance at 6.650-6.800 EPS.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Invesco Ltd. boosted its stake in SPX Technologies by 22.3% during the second quarter. Invesco Ltd. now owns 1,157,177 shares of the company’s stock valued at $194,035,000 after buying an additional 210,682 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of SPX Technologies by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,086,522 shares of the company’s stock valued at $182,211,000 after acquiring an additional 17,735 shares in the last quarter. Nuveen LLC acquired a new stake in SPX Technologies in the 1st quarter valued at approximately $88,852,000. Charles Schwab Investment Management Inc. grew its holdings in SPX Technologies by 2.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 650,803 shares of the company’s stock valued at $109,127,000 after buying an additional 14,941 shares during the last quarter. Finally, Norges Bank acquired a new stake in SPX Technologies in the 2nd quarter valued at approximately $97,223,000. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Company Profile

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.