Two Sigma Securities LLC purchased a new stake in SPX Technologies, Inc. (NYSE:SPXC – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,905 shares of the company’s stock, valued at approximately $1,203,000.
Other hedge funds have also bought and sold shares of the company. Group One Trading LLC purchased a new position in shares of SPX Technologies during the 2nd quarter valued at approximately $32,000. Hazlett Burt & Watson Inc. boosted its holdings in SPX Technologies by 56.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock worth $47,000 after buying an additional 85 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in SPX Technologies during the second quarter worth $47,000. Hantz Financial Services Inc. grew its position in SPX Technologies by 21.4% during the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $51,000 after buying an additional 45 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in SPX Technologies during the first quarter valued at $51,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on SPXC shares. B. Riley Financial upped their price objective on shares of SPX Technologies from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings restated a “buy (b-)” rating on shares of SPX Technologies in a research report on Wednesday, July 8th. Wells Fargo & Company restated an “overweight” rating and issued a $250.00 price target on shares of SPX Technologies in a research note on Monday, August 3rd. Zacks Research raised SPX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $266.67.
SPX Technologies Stock Performance
SPX Technologies stock opened at $196.48 on Tuesday. The firm has a 50 day simple moving average of $216.61 and a 200-day simple moving average of $216.78. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 1.30 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.82 and a quick ratio of 1.21. SPX Technologies, Inc. has a 1-year low of $179.62 and a 1-year high of $251.08.
SPX Technologies (NYSE:SPXC – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.85 by $0.17. The business had revenue of $679.00 million for the quarter, compared to analyst estimates of $640.18 million. SPX Technologies had a return on equity of 16.53% and a net margin of 11.27%.The company’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.65 EPS. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. On average, analysts expect that SPX Technologies, Inc. will post 8.47 EPS for the current year.
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.
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