SPX Technologies, Inc. (NYSE:SPXC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of SPX Technologies, Inc. (NYSE:SPXC) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $244.6667.

Several brokerages have weighed in on SPXC. BMO Capital Markets started coverage on shares of SPX Technologies in a report on Friday, March 27th. They set an “outperform” rating and a $243.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of SPX Technologies in a research report on Wednesday, March 4th. They issued an “overweight” rating and a $260.00 price target on the stock. Oppenheimer raised their price target on shares of SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. TD Cowen restated a “hold” rating on shares of SPX Technologies in a research report on Tuesday, January 6th. Finally, Wells Fargo & Company reduced 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, April 1st.

SPX Technologies Price Performance

Shares of SPXC stock opened at $218.79 on Thursday. The firm has a market cap of $10.98 billion, a P/E ratio of 43.67, a P/E/G ratio of 1.73 and a beta of 1.34. 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 has a 1-year low of $122.61 and a 1-year high of $246.68. The firm has a fifty day moving average of $215.45 and a two-hundred day moving average of $209.26.

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

Institutional Trading of SPX Technologies

Several hedge funds have recently bought and sold shares of SPXC. Capital International Investors bought a new stake in SPX Technologies in the 4th quarter valued at about $307,494,000. Invesco Ltd. lifted its position in SPX Technologies by 62.4% in the 3rd quarter. Invesco Ltd. now owns 1,879,216 shares of the company’s stock valued at $351,000,000 after purchasing an additional 722,039 shares during the last quarter. Norges Bank bought a new stake in SPX Technologies in the 4th quarter valued at about $123,721,000. Vanguard Group Inc. lifted its position in SPX Technologies by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,298,472 shares of the company’s stock valued at $989,649,000 after purchasing an additional 232,436 shares during the last quarter. Finally, AustralianSuper Pty Ltd bought a new stake in SPX Technologies in the 3rd quarter valued at about $41,092,000. 92.82% of the stock is currently owned by institutional investors.

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.