GW&K Investment Management LLC Has $104.88 Million Stock Position in SPX Technologies, Inc. $SPXC

GW&K Investment Management LLC lowered its stake in SPX Technologies, Inc. (NYSE:SPXC) by 4.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 524,251 shares of the company’s stock after selling 26,346 shares during the period. SPX Technologies makes up 0.9% of GW&K Investment Management LLC’s portfolio, making the stock its 12th largest holding. GW&K Investment Management LLC owned 1.05% of SPX Technologies worth $104,883,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Optiver Holding B.V. grew its stake in SPX Technologies by 110.5% in the 3rd quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock valued at $30,000 after buying an additional 84 shares during the last quarter. Ares Financial Consulting LLC acquired a new position in SPX Technologies in the 4th quarter valued at about $37,000. Flagship Harbor Advisors LLC acquired a new position in SPX Technologies in the 4th quarter valued at about $40,000. Sound Income Strategies LLC acquired a new position in SPX Technologies in the 4th quarter valued at about $45,000. Finally, Hazlett Burt & Watson Inc. grew its stake 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 buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Stock Performance

NYSE SPXC opened at $228.77 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $11.45 billion, a P/E ratio of 44.77, a P/E/G ratio of 1.69 and a beta of 1.28. SPX Technologies, Inc. has a 12-month low of $152.79 and a 12-month high of $246.68. The firm has a 50-day moving average price of $212.73 and a two-hundred day moving average price of $213.48.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.69 earnings per share (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 net margin of 10.76% and a return on equity of 16.98%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 EPS. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Analysts anticipate that SPX Technologies, Inc. will post 7.98 earnings per share for the current year.

Wall Street Analyst Weigh In

SPXC has been the topic of a number of research reports. Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $240.00 to $280.00 in a research note on Friday, February 13th. Oppenheimer upped their price target on shares of SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. boosted their price objective on shares of SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Truist Financial boosted their price objective on shares of SPX Technologies from $251.00 to $261.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company boosted their price objective 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. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company 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.