SPX Technologies, Inc. (NYSE:SPXC) Given Consensus Rating of “Moderate Buy” by Brokerages

SPX Technologies, Inc. (NYSE:SPXC) has received an average rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $249.4444.

A number of equities research analysts have recently weighed in on SPXC shares. Bank of America raised SPX Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $240.00 to $280.00 in a report on Friday, February 13th. BMO Capital Markets started coverage on SPX Technologies in a report on Friday, March 27th. They set an “outperform” rating and a $243.00 price target on the stock. Oppenheimer lifted their price target on SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. lifted their price target on SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen cut SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th.

Institutional Investors Weigh In On SPX Technologies

Hedge funds have recently made changes to their positions in the business. Hazlett Burt & Watson Inc. bought a new stake in SPX Technologies during the third quarter worth approximately $28,000. Cullen Frost Bankers Inc. raised its holdings in SPX Technologies by 52.9% during the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Optiver Holding B.V. raised its holdings in SPX Technologies by 110.5% during the third quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock worth $30,000 after purchasing an additional 84 shares in the last quarter. Ares Financial Consulting LLC bought a new stake in SPX Technologies during the fourth quarter worth approximately $37,000. Finally, Flagship Harbor Advisors LLC bought a new stake in SPX Technologies during the fourth quarter worth approximately $40,000. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Performance

Shares of NYSE SPXC opened at $201.35 on Monday. The firm’s 50-day moving average price is $207.74 and its two-hundred day moving average price is $212.82. The stock has a market capitalization of $10.10 billion, a P/E ratio of 39.40, a P/E/G ratio of 1.50 and a beta of 1.31. 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 has a 52-week low of $147.39 and a 52-week high of $246.68.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. The company had revenue of $566.80 million for the quarter, compared to analysts’ expectations of $557.62 million. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, sell-side analysts forecast that SPX Technologies will post 7.97 earnings per share for the current 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.