SPX Technologies, Inc. (NYSE:SPXC) Stock Has Average Price Target of $252.18

SPX Technologies, Inc. (NYSE:SPXC) has received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $247.45.

A number of equities research analysts recently issued reports on the stock. Vertical Research began coverage on shares of SPX Technologies in a report on Monday, September 28th. They issued a “buy” rating and a $215.00 target price for the company. Weiss Ratings downgraded shares of SPX Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, September 21st. Wall Street Zen lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. B. Riley Financial lifted their price target on shares of SPX Technologies from $280.00 to $285.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Zacks Research cut shares of SPX Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPXC. Signal Advisors Wealth LLC purchased a new stake in SPX Technologies during the 3rd quarter worth $269,000. Krilogy Financial LLC acquired a new position in shares of SPX Technologies during the third quarter worth about $293,000. NorthCrest Asset Manangement LLC grew its stake in shares of SPX Technologies by 1.3% in the third quarter. NorthCrest Asset Manangement LLC now owns 12,410 shares of the company’s stock valued at $2,092,000 after buying an additional 158 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of SPX Technologies by 9.6% during the third quarter. Farther Finance Advisors LLC now owns 1,259 shares of the company’s stock valued at $213,000 after purchasing an additional 110 shares during the period. Finally, Cim Investment Management Inc. boosted its stake in shares of SPX Technologies by 21.5% in the second quarter. Cim Investment Management Inc. now owns 1,551 shares of the company’s stock valued at $380,000 after purchasing an additional 274 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Stock Performance

NYSE SPXC opened at $168.16 on Thursday. The business’s 50-day moving average price is $190.10 and its 200 day moving average price is $208.00. SPX Technologies has a twelve month low of $166.17 and a twelve month high of $251.08. The company has a market capitalization of $8.42 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24. The company has a current ratio of 1.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. SPX Technologies had a return on equity of 16.53% and a net margin of 11.27%. The firm had revenue of $679.00 million for the quarter, compared to analyst estimates of $640.18 million. During the same period last year, the company earned $1.65 EPS. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. On average, research analysts predict that SPX Technologies will post 8.48 earnings per share for the current year.

SPX Technologies Company Profile

SPX Technologies, Inc is a diversified industrial technology company headquartered in Charlotte, North Carolina. The company designs, manufactures and services highly engineered products and solutions used by customers in the heating, ventilation and air-conditioning (HVAC), infrastructure and industrial markets.

SPX’s HVAC businesses provide cooling towers, evaporative and air-cooled cooling systems, boilers, heat-transfer equipment, air-handling products and related services. Its brands include Marley, Recold, Weil-McLain, Patterson-Kelley, Berko and QMark.