SPX Technologies, Inc. $SPXC Shares Purchased by State of Wyoming

State of Wyoming boosted its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 226.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,340 shares of the company’s stock after acquiring an additional 2,316 shares during the period. State of Wyoming’s holdings in SPX Technologies were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its holdings in SPX Technologies by 21.4% in the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. Lido Advisors LLC lifted its holdings in SPX Technologies by 1.6% in the 4th quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock valued at $586,000 after purchasing an additional 50 shares in the last quarter. Intrust Bank NA lifted its holdings in SPX Technologies by 3.6% in the 4th quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock valued at $332,000 after purchasing an additional 58 shares in the last quarter. Signaturefd LLC lifted its holdings in SPX Technologies by 19.9% in the 4th quarter. Signaturefd LLC now owns 397 shares of the company’s stock valued at $79,000 after purchasing an additional 66 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in SPX Technologies by 6.5% in the 3rd quarter. Savant Capital LLC now owns 1,307 shares of the company’s stock valued at $244,000 after purchasing an additional 80 shares in the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

SPX Technologies Trading Down 3.5%

NYSE SPXC opened at $227.93 on Friday. SPX Technologies, Inc. has a 12 month low of $152.79 and a 12 month high of $246.68. The company has a 50-day moving average of $211.57 and a 200-day moving average of $213.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.11 and a quick ratio of 1.39. The company has a market cap of $11.41 billion, a P/E ratio of 44.60, a P/E/G ratio of 1.73 and a beta of 1.28.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The company had revenue of $566.80 million during the quarter, compared to the consensus estimate of $557.62 million. During the same quarter in the prior year, the company posted $1.38 EPS. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, equities analysts predict that SPX Technologies, Inc. will post 7.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SPXC shares. Oppenheimer upped their target price on shares of SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a report on Friday, May 1st. Wells Fargo & Company upped their target price on shares of SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $240.00 to $280.00 in a report on Friday, February 13th. Finally, Wall Street Zen lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $249.44.

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.