SG Americas Securities LLC Buys 16,275 Shares of SPX Technologies, Inc. $SPXC

SG Americas Securities LLC boosted its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 250.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 22,764 shares of the company’s stock after buying an additional 16,275 shares during the quarter. SG Americas Securities LLC’s holdings in SPX Technologies were worth $4,554,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. increased its position in shares of SPX Technologies by 52.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock worth $29,000 after purchasing an additional 54 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of SPX Technologies by 1.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,446 shares of the company’s stock valued at $644,000 after buying an additional 63 shares during the last quarter. Sage Rhino Capital LLC boosted its holdings in shares of SPX Technologies by 5.3% in the 3rd quarter. Sage Rhino Capital LLC now owns 1,350 shares of the company’s stock valued at $252,000 after buying an additional 68 shares during the last quarter. Intrust Bank NA grew its stake in shares of SPX Technologies by 4.8% in the third quarter. Intrust Bank NA now owns 1,602 shares of the company’s stock valued at $299,000 after buying an additional 74 shares in the last quarter. Finally, CWM LLC increased its holdings in SPX Technologies by 2.5% during the third quarter. CWM LLC now owns 3,202 shares of the company’s stock worth $598,000 after buying an additional 77 shares during the last quarter. 92.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPXC has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of SPX Technologies from $270.00 to $225.00 and set an “overweight” rating on the stock in a research report on Wednesday. B. Riley Financial restated a “buy” rating and set a $244.00 price objective (up from $225.00) on shares of SPX Technologies in a research note on Wednesday, December 10th. BMO Capital Markets began coverage on shares of SPX Technologies in a report on Friday, March 27th. They issued an “outperform” rating and a $243.00 target price on the stock. Truist Financial upgraded shares of SPX Technologies from a “hold” rating to a “buy” rating and cut their target price for the company from $244.00 to $243.00 in a research note on Friday, March 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of SPX Technologies in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.67.

SPX Technologies Trading Up 2.1%

Shares of SPX Technologies stock opened at $204.13 on Thursday. The business has a fifty day simple moving average of $216.19 and a two-hundred day simple moving average of $207.63. SPX Technologies, Inc. has a 1 year low of $115.00 and a 1 year high of $246.68. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 40.74, a P/E/G ratio of 1.53 and a beta of 1.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.48 and a quick ratio of 1.82.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $637.30 million during the quarter, compared to analysts’ expectations of $625.98 million. SPX Technologies had a net margin of 10.77% and a return on equity of 17.82%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.51 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. Research analysts forecast that SPX Technologies, Inc. will post 5.57 EPS 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.