Y Intercept Hong Kong Ltd Takes Position in SPX Technologies, Inc. $SPXC

Y Intercept Hong Kong Ltd bought a new stake in SPX Technologies, Inc. (NYSE:SPXC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 78,353 shares of the company’s stock, valued at approximately $15,675,000. SPX Technologies makes up approximately 0.4% of Y Intercept Hong Kong Ltd’s portfolio, making the stock its 29th largest position. Y Intercept Hong Kong Ltd owned about 0.16% of SPX Technologies at the end of the most recent quarter.

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

SPX Technologies Stock Performance

NYSE:SPXC opened at $230.21 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.11 and a quick ratio of 1.39. The business has a fifty day simple moving average of $214.60 and a two-hundred day simple moving average of $213.98. SPX Technologies, Inc. has a 1 year low of $152.79 and a 1 year high of $246.68. The company has a market capitalization of $11.52 billion, a P/E ratio of 45.05, a P/E/G ratio of 1.72 and a beta of 1.28.

SPX Technologies (NYSE:SPXC) last released its earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $557.62 million. During the same period last year, the business posted $1.38 earnings per share. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. On average, analysts expect that SPX Technologies, Inc. will post 7.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SPXC shares. Oppenheimer boosted their price target on shares of SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Wells Fargo & Company boosted their price target on shares of SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. 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 report on Wednesday, May 6th. Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Bank of America raised 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 report on Friday, February 13th. 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.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.