8,113 Shares in SPX Technologies, Inc. $SPXC Acquired by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC purchased a new position in SPX Technologies, Inc. (NYSE:SPXC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,113 shares of the company’s stock, valued at approximately $1,989,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SPXC. Group One Trading LLC bought a new position in shares of SPX Technologies during the second quarter worth $32,000. Hazlett Burt & Watson Inc. increased its holdings in SPX Technologies by 56.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock valued at $47,000 after acquiring an additional 85 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in SPX Technologies in the 2nd quarter worth $47,000. Hantz Financial Services Inc. lifted 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 in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of SPX Technologies during the 1st quarter valued at about $51,000. Institutional investors own 92.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SPXC. JPMorgan Chase & Co. lifted their target price on SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wolfe Research reissued an “outperform” rating and set a $266.00 price target on shares of SPX Technologies in a research note on Thursday, July 9th. Oppenheimer restated an “outperform” rating and set a $280.00 price target (up from $272.00) on shares of SPX Technologies in a report on Monday, July 20th. Zacks Research upgraded SPX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen raised SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, SPX Technologies currently has a consensus rating of “Buy” and a consensus price target of $266.67.

SPX Technologies Price Performance

SPXC stock opened at $205.26 on Friday. SPX Technologies, Inc. has a 52 week low of $179.62 and a 52 week high of $251.08. The firm has a market capitalization of $10.28 billion, a P/E ratio of 36.92, a price-to-earnings-growth ratio of 1.34 and a beta of 1.27. The company has a fifty day simple moving average of $218.50 and a two-hundred day simple moving average of $217.21. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.23.

SPX Technologies (NYSE:SPXC) last posted its earnings results on Thursday, July 30th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. SPX Technologies had a net margin of 11.27% and a return on equity of 16.53%. The firm had revenue of $679.00 million for the quarter, compared to the consensus estimate of $640.18 million. During the same period in the previous year, the firm posted $1.65 EPS. The business’s quarterly revenue was up 22.9% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. Analysts anticipate that SPX Technologies, Inc. will post 8.47 earnings per share for the current fiscal 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.