SPX Technologies (NYSE:SPXC) Updates FY 2026 Earnings Guidance

SPX Technologies (NYSE:SPXC) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 7.600-8.000 for the period, compared to the consensus earnings per share estimate of 7.690. The company issued revenue guidance of $2.5 billion-$2.6 billion, compared to the consensus revenue estimate of $2.5 billion.

SPX Technologies Price Performance

Shares of SPXC stock traded up $5.98 during mid-day trading on Tuesday, hitting $243.16. 458,200 shares of the stock were exchanged, compared to its average volume of 414,880. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.23. SPX Technologies has a 52-week low of $115.00 and a 52-week high of $246.68. The firm has a fifty day moving average of $216.86 and a 200 day moving average of $204.33. The company has a market cap of $12.12 billion, a PE ratio of 52.07, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $637.30 million for the quarter, compared to analyst estimates of $625.98 million. SPX Technologies had a return on equity of 18.68% and a net margin of 10.33%.SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. Research analysts anticipate that SPX Technologies will post 5.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPXC. Bank of America upgraded SPX Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $240.00 to $280.00 in a research note on Friday, February 13th. Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Truist Financial increased their price target on shares of SPX Technologies from $215.00 to $216.00 and gave the stock a “hold” rating in a research note on Thursday, December 18th. Weiss Ratings reissued a “buy (b)” rating on shares of SPX Technologies in a report on Monday, December 29th. Finally, B. Riley Financial reiterated a “buy” rating and issued a $244.00 price target (up from $225.00) on shares of SPX Technologies in a report on Wednesday, December 10th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $225.29.

Insider Buying and Selling

In other SPX Technologies news, insider J Randall Data sold 12,000 shares of SPX Technologies stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $215.37, for a total value of $2,584,440.00. Following the completion of the transaction, the insider owned 38,020 shares of the company’s stock, valued at $8,188,367.40. The trade was a 23.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of SPX Technologies by 62.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock valued at $71,000 after purchasing an additional 164 shares during the period. Advisory Services Network LLC bought a new position in shares of SPX Technologies in the third quarter valued at approximately $74,000. Danske Bank A S acquired a new position in SPX Technologies during the 3rd quarter worth $75,000. Johnson Financial Group Inc. bought a new stake in SPX Technologies during the 3rd quarter valued at approximately $76,000. Finally, NewEdge Advisors LLC grew its stake in shares of SPX Technologies by 21.8% in the first quarter. NewEdge Advisors LLC now owns 625 shares of the company’s stock worth $80,000 after acquiring an additional 112 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

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.