SPX Technologies (NYSE:SPXC) Hits New 1-Year High – What’s Next?

SPX Technologies, Inc. (NYSE:SPXC)’s stock price reached a new 52-week high on Monday . The company traded as high as $247.73 and last traded at $246.10, with a volume of 233344 shares changing hands. The stock had previously closed at $242.97.

Analyst Ratings Changes

SPXC has been the subject of several recent analyst reports. Oppenheimer boosted their price objective on shares of SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Wall Street Zen lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. BMO Capital Markets initiated coverage on SPX Technologies in a research report on Friday, March 27th. They set an “outperform” rating and a $243.00 price target on the stock. Wells Fargo & Company increased their price objective on SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, B. Riley Financial reissued a “buy” rating on shares of SPX Technologies in a research report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $249.44.

SPX Technologies Stock Performance

The firm has a 50 day moving average price of $219.54 and a 200-day moving average price of $215.31. The stock has a market capitalization of $11.94 billion, a PE ratio of 46.66, a PEG ratio of 1.81 and a beta of 1.28. 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 released its quarterly earnings data on Thursday, April 30th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The firm had revenue of $566.80 million for the quarter, compared to analyst estimates of $557.62 million. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.38 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Research analysts expect that SPX Technologies, Inc. will post 7.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPXC. Optiver Holding B.V. boosted its position in SPX Technologies by 110.5% in the 3rd 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 acquired a new position in shares of SPX Technologies in the 4th quarter valued at $37,000. Flagship Harbor Advisors LLC purchased a new stake in SPX Technologies during the fourth quarter worth $40,000. Sound Income Strategies LLC acquired a new stake in SPX Technologies during the fourth quarter valued at $45,000. Finally, Hazlett Burt & Watson Inc. grew its position in SPX Technologies by 56.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock valued at $47,000 after buying an additional 85 shares during the period. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

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.