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

SPX Technologies, Inc. (NYSE:SPXC) has earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $255.30.

Several research analysts have recently commented on SPXC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of SPX Technologies in a research report on Wednesday, July 8th. BMO Capital Markets initiated coverage on SPX Technologies in a research report on Friday, March 27th. They set an “outperform” rating and a $243.00 price target on the stock. Wells Fargo & Company raised their price objective on SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Wolfe Research reiterated an “outperform” rating and set a $266.00 target price on shares of SPX Technologies in a research note on Thursday, July 9th.

SPX Technologies Stock Performance

Shares of SPXC stock opened at $220.27 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.11. SPX Technologies has a one year low of $175.00 and a one year high of $251.08. The company’s 50-day simple moving average is $224.30 and its 200-day simple moving average is $217.64. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 43.11, a PEG ratio of 1.61 and a beta of 1.27.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The business had revenue of $566.80 million during the quarter, compared to the consensus estimate of $557.62 million. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the firm earned $1.38 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Equities analysts anticipate that SPX Technologies will post 7.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Annex Advisory Services LLC bought a new stake in shares of SPX Technologies during the 2nd quarter valued at about $224,000. Tema ETFs LLC lifted its holdings in SPX Technologies by 3.9% in the second quarter. Tema ETFs LLC now owns 48,375 shares of the company’s stock worth $11,860,000 after acquiring an additional 1,800 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in SPX Technologies by 6.2% in the second quarter. Handelsbanken Fonder AB now owns 15,409 shares of the company’s stock worth $3,778,000 after acquiring an additional 900 shares during the last quarter. Gradient Investments LLC acquired a new position in SPX Technologies in the second quarter valued at approximately $820,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in SPX Technologies by 16.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,291 shares of the company’s stock valued at $807,000 after acquiring an additional 468 shares during the period. 92.82% of the stock is owned by institutional investors and hedge funds.

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.