Regency Capital Management Inc. DE Purchases Shares of 1,608 SPX Technologies, Inc. $SPXC

Regency Capital Management Inc. DE acquired a new position in SPX Technologies, Inc. (NYSE:SPXC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,608 shares of the company’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Segment Wealth Management LLC bought a new position in SPX Technologies in the 2nd quarter worth $201,000. Hilltop National Bank purchased a new position in shares of SPX Technologies in the second quarter valued at about $122,000. Sage Rhino Capital LLC bought a new position in shares of SPX Technologies in the second quarter worth about $215,000. State of Alaska Department of Revenue grew its position in shares of SPX Technologies by 8.3% during the second quarter. State of Alaska Department of Revenue now owns 27,824 shares of the company’s stock worth $4,665,000 after purchasing an additional 2,137 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of SPX Technologies by 5.9% during the second quarter. GAMMA Investing LLC now owns 1,140 shares of the company’s stock worth $191,000 after purchasing an additional 64 shares in the last quarter. 92.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPXC has been the subject of several recent analyst reports. UBS Group upped their price target on SPX Technologies from $182.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a report on Friday. Oppenheimer upped their target price on shares of SPX Technologies from $170.00 to $197.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of SPX Technologies in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $195.20.

SPX Technologies Stock Performance

NYSE:SPXC opened at $191.17 on Tuesday. The stock’s fifty day moving average is $189.13 and its 200 day moving average is $164.54. The firm has a market capitalization of $8.94 billion, a PE ratio of 42.96, a PEG ratio of 1.62 and a beta of 1.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.28 and a current ratio of 1.97. SPX Technologies, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $209.38.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.20. SPX Technologies had a net margin of 10.27% and a return on equity of 19.59%. The business had revenue of $552.40 million during the quarter, compared to the consensus estimate of $546.03 million. During the same quarter last year, the firm earned $1.42 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. SPX Technologies has set its FY 2025 guidance at 6.350-6.650 EPS. On average, sell-side analysts anticipate that SPX Technologies, Inc. will post 5.57 earnings per share for the current year.

SPX Technologies Profile

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.