SPX Technologies, Inc. $SPXC Shares Bought by State of Wyoming

State of Wyoming raised its position in SPX Technologies, Inc. (NYSE:SPXC) by 226.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,340 shares of the company’s stock after buying an additional 2,316 shares during the quarter. State of Wyoming’s holdings in SPX Technologies were worth $668,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Optiver Holding B.V. increased 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 period. Ares Financial Consulting LLC acquired a new position in SPX Technologies in the 4th quarter valued at $37,000. Flagship Harbor Advisors LLC acquired a new position in SPX Technologies in the 4th quarter valued at $40,000. Sound Income Strategies LLC acquired a new position in SPX Technologies in the 4th quarter valued at $45,000. Finally, Hazlett Burt & Watson Inc. increased 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 period. 92.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on SPXC. BMO Capital Markets began coverage on shares of SPX Technologies in a research report on Friday, March 27th. They set an “outperform” rating and a $243.00 target price on the stock. Wall Street Zen lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a research report on Friday, May 1st. Oppenheimer boosted their target price on shares of SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Finally, Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $280.00 in a research report on Friday, February 13th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $249.44.

SPX Technologies Price Performance

SPX Technologies stock opened at $227.93 on Friday. The firm has a market capitalization of $11.41 billion, a PE ratio of 44.60, a P/E/G ratio of 1.73 and a beta of 1.28. SPX Technologies, Inc. has a 52 week low of $152.79 and a 52 week high of $246.68. The firm’s 50-day simple moving average is $211.57 and its 200 day simple moving average is $213.10. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. The firm had revenue of $566.80 million for the quarter, compared to analysts’ expectations of $557.62 million. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The firm’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.38 EPS. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. On average, equities research analysts predict that SPX Technologies, Inc. will post 7.98 EPS 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.