SPX Technologies, Inc. (NYSE:SPXC) Receives $225.29 Consensus Target Price from Brokerages

Shares of SPX Technologies, Inc. (NYSE:SPXC) have earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $249.2857.

Several research firms have issued reports on SPXC. Weiss Ratings reiterated a “buy (b)” rating on shares of SPX Technologies in a research note on Monday, December 29th. B. Riley Financial reaffirmed a “buy” rating and issued a $244.00 price objective (up from $225.00) on shares of SPX Technologies in a research report on Wednesday, December 10th. Wall Street Zen upgraded shares of SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Truist Financial raised their target price on shares of SPX Technologies from $216.00 to $244.00 and gave the company a “hold” rating in a research note on Thursday. Finally, TD Cowen reaffirmed a “hold” rating on shares of SPX Technologies in a report on Tuesday, January 6th.

Insider Transactions at SPX Technologies

In related news, insider J Randall Data sold 12,000 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 38,020 shares of the company’s stock, valued at $8,188,367.40. This represents a 23.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SPX Technologies

A number of large investors have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in shares of SPX Technologies by 316.0% in the 4th quarter. Pacer Advisors Inc. now owns 10,770 shares of the company’s stock valued at $2,155,000 after purchasing an additional 8,181 shares during the last quarter. Virtu Financial LLC acquired a new position in SPX Technologies during the 4th quarter valued at approximately $3,797,000. Cambient Family Office LLC purchased a new position in shares of SPX Technologies in the fourth quarter worth $206,000. Compound Planning Inc. acquired a new stake in shares of SPX Technologies during the fourth quarter worth $312,000. Finally, State of Tennessee Department of Treasury lifted its stake in shares of SPX Technologies by 16.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 25,370 shares of the company’s stock worth $5,287,000 after buying an additional 3,533 shares during the period. Hedge funds and other institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Performance

Shares of SPXC stock opened at $227.00 on Wednesday. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 45.31, a PEG ratio of 1.75 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 quick ratio of 1.82, a current ratio of 2.48 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $218.13 and its 200 day moving average is $205.04.

SPX Technologies (NYSE:SPXC) last announced its earnings results 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. The business had revenue of $637.30 million for the quarter, compared to analysts’ expectations of $625.98 million. SPX Technologies had a return on equity of 17.82% and a net margin of 10.77%.The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.51 EPS. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. On average, sell-side analysts anticipate that SPX Technologies will post 5.57 EPS for the current fiscal 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.