SPX Technologies (NYSE:SPXC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SPX Technologies (NYSE:SPXC) from a hold rating to a buy rating in a report released on Saturday.

Several other equities analysts also recently commented on SPXC. B. Riley Financial upped their price objective on SPX Technologies from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, July 31st. 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 research report on Wednesday, May 6th. Zacks Research raised shares of SPX Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Weiss Ratings restated a “buy (b-)” rating on shares of SPX Technologies in a report on Wednesday, July 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $280.00 price target (up from $272.00) on shares of SPX Technologies in a research note on Monday, July 20th. One 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. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $266.67.

SPX Technologies Stock Down 1.5%

Shares of NYSE SPXC opened at $212.50 on Friday. SPX Technologies has a 1 year low of $179.62 and a 1 year high of $251.08. The firm has a 50-day simple moving average of $224.50 and a two-hundred day simple moving average of $217.67. The company has a market cap of $10.64 billion, a P/E ratio of 38.22, a PEG ratio of 1.41 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.82 and a quick ratio of 1.21.

SPX Technologies (NYSE:SPXC) last released its earnings results on Thursday, July 30th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.17. SPX Technologies had a return on equity of 16.53% and a net margin of 11.27%.The firm had revenue of $679.00 million for the quarter, compared to analysts’ expectations of $640.18 million. During the same quarter in the prior year, the firm posted $1.65 earnings per share. The company’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. Research analysts anticipate that SPX Technologies will post 8.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPXC. Hantz Financial Services Inc. boosted its position in SPX Technologies by 21.4% during the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. Lido Advisors LLC raised its position in shares of SPX Technologies by 1.6% in the 4th quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock worth $586,000 after acquiring an additional 50 shares in the last quarter. Intrust Bank NA raised its position in shares of SPX Technologies by 3.6% in the 4th quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock worth $332,000 after acquiring an additional 58 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of SPX Technologies by 4.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,431 shares of the company’s stock worth $286,000 after purchasing an additional 60 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of SPX Technologies by 7.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 941 shares of the company’s stock worth $188,000 after purchasing an additional 62 shares during the last quarter. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

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.