Fox Run Management L.L.C. Purchases Shares of 3,947 SPX Technologies, Inc. $SPXC

Fox Run Management L.L.C. acquired a new stake in SPX Technologies, Inc. (NYSE:SPXC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,947 shares of the company’s stock, valued at approximately $737,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Royal Bank of Canada increased its stake in SPX Technologies by 8.1% in the first quarter. Royal Bank of Canada now owns 38,386 shares of the company’s stock valued at $4,942,000 after acquiring an additional 2,892 shares during the period. AQR Capital Management LLC lifted its stake in SPX Technologies by 74.5% during the first quarter. AQR Capital Management LLC now owns 20,734 shares of the company’s stock worth $2,670,000 after purchasing an additional 8,854 shares during the period. Millennium Management LLC boosted its holdings in SPX Technologies by 214.4% during the first quarter. Millennium Management LLC now owns 83,285 shares of the company’s stock valued at $10,725,000 after purchasing an additional 56,799 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of SPX Technologies by 21.8% in the 1st quarter. NewEdge Advisors LLC now owns 625 shares of the company’s stock valued at $80,000 after purchasing an additional 112 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of SPX Technologies by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 192,129 shares of the company’s stock worth $24,742,000 after buying an additional 3,353 shares in the last quarter. 92.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SPXC has been the topic of several recent analyst reports. Bank of America raised SPX Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $240.00 to $280.00 in a research note on Friday, February 13th. Oppenheimer lifted their price objective on SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday. TD Cowen reaffirmed a “hold” rating on shares of SPX Technologies in a report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b)” rating on shares of SPX Technologies in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, SPX Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.29.

Insiders Place Their Bets

In related news, insider J Randall Data sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $215.37, for a total value of $2,584,440.00. Following the completion of the transaction, the insider owned 38,020 shares in the company, valued at $8,188,367.40. The trade was a 23.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.32% of the stock is owned by company insiders.

SPX Technologies Stock Performance

SPX Technologies stock opened at $227.00 on Friday. The stock has a 50-day simple moving average of $218.13 and a 200 day simple moving average of $204.85. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 45.31, a P/E/G ratio of 1.59 and a beta of 1.32. The company has a quick ratio of 1.70, a current ratio of 2.48 and a debt-to-equity ratio of 0.22. SPX Technologies, Inc. has a 12-month low of $115.00 and a 12-month high of $246.68.

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