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

Shares of SPX Technologies, Inc. (NYSE:SPXC) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $244.6667.

SPXC has been the topic of several analyst reports. TD Cowen reissued a “hold” rating on shares of SPX Technologies in a research report on Tuesday, January 6th. Oppenheimer lifted 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. Bank of America raised shares of SPX Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $240.00 to $280.00 in a research report on Friday, February 13th. Truist Financial raised shares of SPX Technologies from a “hold” rating to a “buy” rating and dropped their target price for the stock from $244.00 to $243.00 in a research report on Friday, March 27th. Finally, Wells Fargo & Company dropped their target price on shares of SPX Technologies from $270.00 to $225.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st.

SPX Technologies Stock Down 2.7%

SPX Technologies stock opened at $218.79 on Thursday. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 1.73 and a beta of 1.34. The company has a current ratio of 2.48, a quick ratio of 1.82 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $215.45 and its two-hundred day moving average price is $209.26. SPX Technologies has a 52 week low of $122.61 and a 52 week high of $246.68.

SPX Technologies (NYSE:SPXC) last released its earnings results on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $637.30 million for the quarter, compared to analysts’ expectations of $625.98 million. SPX Technologies had a net margin of 10.77% and a return on equity of 17.82%. SPX Technologies’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the company earned $1.51 EPS. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. On average, analysts expect that SPX Technologies will post 5.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC boosted its holdings in shares of SPX Technologies by 524.0% during the fourth quarter. Hsbc Holdings PLC now owns 10,596 shares of the company’s stock worth $2,132,000 after purchasing an additional 8,898 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of SPX Technologies by 24.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 557 shares of the company’s stock worth $111,000 after purchasing an additional 110 shares during the period. Mengis Capital Management Inc. boosted its holdings in shares of SPX Technologies by 66.7% during the fourth quarter. Mengis Capital Management Inc. now owns 10,000 shares of the company’s stock worth $2,001,000 after purchasing an additional 4,000 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of SPX Technologies by 660.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 981 shares of the company’s stock worth $196,000 after purchasing an additional 852 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of SPX Technologies by 316.0% during the fourth quarter. Pacer Advisors Inc. now owns 10,770 shares of the company’s stock worth $2,155,000 after purchasing an additional 8,181 shares during the period. 92.82% of the stock is owned by hedge funds and other institutional investors.

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.