SPX Technologies (NYSE:SPXC – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.
Several other equities analysts have also recently issued reports on the company. Oppenheimer reissued an “outperform” rating and set a $280.00 target price (up from $272.00) on shares of SPX Technologies in a research note on Monday, July 20th. Wall Street Zen lowered SPX Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. JPMorgan Chase & Co. lifted their price target on shares of SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of SPX Technologies in a research report on Wednesday, July 8th. Finally, Wolfe Research restated an “outperform” rating and issued a $266.00 price objective on shares of SPX Technologies in a report on Thursday, July 9th. One research 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 MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $266.67.
Read Our Latest Analysis on SPX Technologies
SPX Technologies Stock Down 0.4%
SPX Technologies (NYSE:SPXC – Get Free Report) last released its quarterly 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 business had revenue of $679.00 million during the quarter, compared to analyst estimates of $640.18 million. During the same quarter in the prior year, the company posted $1.65 EPS. SPX Technologies’s quarterly revenue was up 22.9% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. Sell-side analysts forecast that SPX Technologies will post 8.48 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its position in shares of SPX Technologies by 21.4% in the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $51,000 after purchasing an additional 45 shares during the period. Lido Advisors LLC lifted its stake in shares of SPX Technologies by 1.6% during the 4th quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock valued at $586,000 after buying an additional 50 shares in the last quarter. Intrust Bank NA boosted its holdings in 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 buying an additional 58 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in SPX Technologies by 4.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,431 shares of the company’s stock worth $286,000 after buying an additional 60 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in SPX Technologies by 7.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 941 shares of the company’s stock valued at $188,000 after acquiring an additional 62 shares during the period. Hedge funds and other institutional investors own 92.82% of the company’s stock.
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.
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