King Luther Capital Management Corp Makes New $1.77 Million Investment in SPX Technologies, Inc. $SPXC

King Luther Capital Management Corp purchased a new position in SPX Technologies, Inc. (NYSE:SPXC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,869 shares of the company’s stock, valued at approximately $1,774,000.

A number of other institutional investors have also bought and sold shares of the business. Summitry LLC increased its stake in SPX Technologies by 19.1% in the 4th quarter. Summitry LLC now owns 1,959 shares of the company’s stock worth $392,000 after buying an additional 314 shares in the last quarter. Clearstead Advisors LLC boosted its stake in SPX Technologies by 294.6% in the 4th quarter. Clearstead Advisors LLC now owns 513 shares of the company’s stock worth $103,000 after purchasing an additional 383 shares during the period. New Age Alpha Advisors LLC boosted its stake in SPX Technologies by 511.4% in the 4th quarter. New Age Alpha Advisors LLC now owns 13,843 shares of the company’s stock worth $2,769,000 after purchasing an additional 11,579 shares during the period. Hantz Financial Services Inc. boosted its stake in SPX Technologies by 21.4% in the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $51,000 after purchasing an additional 45 shares during the period. Finally, Catalyst Funds Management Pty Ltd bought a new position in SPX Technologies in the 4th quarter worth approximately $720,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Down 0.8%

NYSE SPXC opened at $213.72 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 capitalization of $10.70 billion, a P/E ratio of 41.82, a P/E/G ratio of 1.58 and a beta of 1.31. SPX Technologies, Inc. has a one year low of $150.49 and a one year high of $246.68. The stock has a 50 day moving average price of $208.00 and a 200-day moving average price of $212.65.

SPX Technologies (NYSE:SPXC) last posted its earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. The firm had revenue of $566.80 million during the quarter, compared to the consensus estimate of $557.62 million. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 EPS. 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 7.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on SPXC shares. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a research note on Friday, May 1st. Truist Financial boosted their price target on shares of SPX Technologies from $251.00 to $261.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Wall Street Zen cut shares of SPX Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. JPMorgan Chase & Co. boosted their price target on shares of SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $240.00 to $280.00 in a research note on Friday, February 13th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SPX Technologies has an average rating of “Moderate Buy” and a consensus price target of $249.44.

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.