SPX Technologies, Inc. (NYSE:SPXC) Given Consensus Rating of “Buy” by Analysts

Shares of SPX Technologies, Inc. (NYSE:SPXC) have been assigned a consensus rating of “Buy” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $266.6667.

SPXC has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on shares of SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. B. Riley Financial raised their price target on SPX Technologies from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Oppenheimer reaffirmed an “outperform” rating and set a $280.00 price target (up from $272.00) on shares of SPX Technologies in a research note on Monday, July 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of SPX Technologies in a report on Wednesday, July 8th. Finally, Truist Financial reissued a “buy” rating and set a $301.00 price objective (up from $295.00) on shares of SPX Technologies in a report on Monday, August 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPXC. Group One Trading LLC bought a new stake in shares of SPX Technologies in the 2nd quarter worth approximately $32,000. Ares Financial Consulting LLC purchased a new position in SPX Technologies in the 4th quarter worth $37,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in SPX Technologies in the 2nd quarter worth $47,000. Hazlett Burt & Watson Inc. lifted its stake in SPX Technologies by 56.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock worth $47,000 after purchasing an additional 85 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in SPX Technologies in the first quarter worth $51,000. 92.82% of the stock is currently owned by institutional investors.

SPX Technologies Trading Down 2.1%

Shares of SPX Technologies stock opened at $213.02 on Wednesday. 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 has a 1 year low of $179.62 and a 1 year high of $251.08. The firm has a market cap of $10.67 billion, a PE ratio of 38.31, a PEG ratio of 1.42 and a beta of 1.27. The company has a 50 day simple moving average of $222.64 and a two-hundred day simple moving average of $217.70.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. The firm had revenue of $679.00 million for the quarter, compared to analyst estimates of $640.18 million. SPX Technologies had a net margin of 11.27% and a return on equity of 16.53%. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.65 EPS. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. Analysts expect that SPX Technologies 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.