SPX Technologies, Inc. (NYSE:SPXC) Receives $250.63 Average PT from Analysts

SPX Technologies, Inc. (NYSE:SPXC) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $250.6250.

A number of research firms have recently weighed in on SPXC. Wells Fargo & Company raised their price target on shares of SPX Technologies from $220.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of SPX Technologies in a research report on Monday, December 29th. JPMorgan Chase & Co. began coverage on shares of SPX Technologies in a research note on Wednesday, March 4th. They issued an “overweight” rating and a $260.00 price objective for the company. Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $240.00 to $280.00 in a research report on Friday, February 13th. Finally, B. Riley Financial reaffirmed a “buy” rating and set a $244.00 target price (up from $225.00) on shares of SPX Technologies in a research note on Wednesday, December 10th.

Institutional Investors Weigh In On SPX Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of SPXC. Hazlett Burt & Watson Inc. bought a new position in SPX Technologies in the third quarter valued at about $28,000. Cullen Frost Bankers Inc. increased its stake in shares of SPX Technologies by 52.9% in the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock valued at $29,000 after buying an additional 54 shares during the period. Optiver Holding B.V. increased its stake 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 during the period. Twin Peaks Wealth Advisors LLC bought a new position in SPX Technologies in the 2nd quarter valued at approximately $31,000. Finally, Financial Consulate Inc. bought a new position in SPX Technologies in the 3rd quarter valued at approximately $34,000. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Trading Up 3.1%

Shares of SPXC opened at $200.64 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.82 and a current ratio of 2.48. SPX Technologies has a 52-week low of $115.00 and a 52-week high of $246.68. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 40.05, a PEG ratio of 1.49 and a beta of 1.30. The business’s fifty day moving average is $218.17 and its 200-day moving average is $207.29.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. SPX Technologies had a return on equity of 17.82% and a net margin of 10.77%.The business had revenue of $637.30 million during the quarter, compared to the consensus estimate of $625.98 million. During the same period in the prior year, the company earned $1.51 EPS. SPX Technologies’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. Equities analysts anticipate that SPX Technologies will post 5.57 EPS for the current fiscal year.

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.