Brokerages Set SPX Technologies, Inc. (NYSE:SPXC) Price Target at $249.44

SPX Technologies, Inc. (NYSE:SPXC) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $253.2222.

SPXC has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. B. Riley Financial reissued a “buy” rating on shares of SPX Technologies in a report on Friday, May 1st. Truist Financial boosted their target price on shares of SPX Technologies from $261.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, BMO Capital Markets began coverage on shares of SPX Technologies in a research report on Friday, March 27th. They issued an “outperform” rating and a $243.00 price objective for the company.

Hedge Funds Weigh In On SPX Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of SPX Technologies by 46.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock worth $14,854,000 after acquiring an additional 23,439 shares during the period. Quantbot Technologies LP bought a new stake in SPX Technologies in the 3rd quarter valued at $4,626,000. Interval Partners LP acquired a new stake in SPX Technologies during the 3rd quarter valued at $7,452,000. Goelzer Investment Management Inc. acquired a new stake in SPX Technologies during the 4th quarter valued at $720,000. Finally, Moore Capital Management LP bought a new position in SPX Technologies during the third quarter worth $12,683,000. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Trading Down 0.1%

NYSE:SPXC opened at $227.46 on Tuesday. The company has a market cap of $11.39 billion, a P/E ratio of 44.51, a price-to-earnings-growth ratio of 1.67 and a beta of 1.27. SPX Technologies has a twelve month low of $168.73 and a twelve month high of $251.08. The business has a 50 day moving average price of $222.05 and a two-hundred day moving average price of $216.52. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The firm had revenue of $566.80 million for the quarter, compared to analyst estimates of $557.62 million. During the same period in the previous year, the business earned $1.38 EPS. The company’s revenue was up 17.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, analysts expect that SPX Technologies will post 7.98 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.