SG Americas Securities LLC Has $1.19 Million Stock Holdings in SPX Technologies, Inc. $SPXC

SG Americas Securities LLC trimmed its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 73.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,971 shares of the company’s stock after selling 16,793 shares during the period. SG Americas Securities LLC’s holdings in SPX Technologies were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH grew its position in SPX Technologies by 46.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock valued at $14,854,000 after purchasing an additional 23,439 shares in the last quarter. Interval Partners LP acquired a new position in SPX Technologies in the 3rd quarter valued at approximately $7,452,000. Goelzer Investment Management Inc. purchased a new stake in SPX Technologies in the 4th quarter worth approximately $720,000. Moore Capital Management LP purchased a new stake in SPX Technologies in the 3rd quarter worth approximately $12,683,000. Finally, Cadent Capital Advisors LLC acquired a new stake in shares of SPX Technologies during the 4th quarter valued at $1,049,000. 92.82% of the stock is owned by hedge funds and other institutional investors.

SPX Technologies Stock Performance

SPXC opened at $227.46 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.11. The company has a market cap of $11.39 billion, a PE ratio of 44.51, a price-to-earnings-growth ratio of 1.67 and a beta of 1.27. The stock has a 50-day moving average of $222.05 and a 200-day moving average of $216.52. SPX Technologies, Inc. has a 52-week low of $168.73 and a 52-week high of $251.08.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data 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. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The business had revenue of $566.80 million for the quarter, compared to the consensus estimate of $557.62 million. During the same period last year, the business earned $1.38 EPS. The firm’s 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 research analysts forecast that SPX Technologies, Inc. will post 7.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a report on Friday, May 1st. BMO Capital Markets assumed coverage on SPX Technologies in a report on Friday, March 27th. They set an “outperform” rating and a $243.00 price objective for the company. Truist Financial lifted their price objective on SPX Technologies from $261.00 to $295.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen downgraded SPX Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, JPMorgan Chase & Co. boosted their target price on SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $253.22.

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.