SPX Technologies, Inc. (NYSE:SPXC – Get Free Report) shares reached a new 52-week low on Thursday after Oppenheimer lowered their price target on the stock from $270.00 to $265.00. Oppenheimer currently has an outperform rating on the stock. SPX Technologies traded as low as $161.37 and last traded at $160.5850, with a volume of 30,728 shares traded. The stock had previously closed at $168.13.
Other analysts also recently issued reports about the company. Wall Street Zen downgraded SPX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Robert W. Baird initiated coverage on SPX Technologies in a report on Monday, October 5th. They set an “outperform” rating and a $220.00 price target on the stock. Truist Financial lowered their price target on shares of SPX Technologies from $301.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Weiss Ratings lowered shares of SPX Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, September 21st. Finally, Wolfe Research began coverage on shares of SPX Technologies in a report on Tuesday, September 15th. They issued an “outperform” rating and a $250.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, SPX Technologies has a consensus rating of “Moderate Buy” and an average price target of $247.00.
View Our Latest Analysis on SPX Technologies
Institutional Investors Weigh In On SPX Technologies
Several institutional investors have recently added to or reduced their stakes in the business. Group One Trading LLC acquired a new position in shares of SPX Technologies in the 2nd quarter valued at $32,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of SPX Technologies during the second quarter worth about $47,000. Summit Securities Group LLC acquired a new position in shares of SPX Technologies in the first quarter valued at approximately $51,000. Parallel Advisors LLC increased its stake in SPX Technologies by 38.1% in the 1st quarter. Parallel Advisors LLC now owns 312 shares of the company’s stock valued at $62,000 after buying an additional 86 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new position in shares of SPX Technologies during the second quarter worth about $70,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.
SPX Technologies Trading Down 5.0%
The business has a 50 day moving average price of $185.17 and a 200-day moving average price of $206.87. The firm has a market capitalization of $8.00 billion, a PE ratio of 28.73, a P/E/G ratio of 1.06 and a beta of 1.24. The company has a current ratio of 1.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23.
SPX Technologies (NYSE:SPXC – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.17. The company had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $640.18 million. SPX Technologies had a net margin of 11.27% and a return on equity of 16.53%. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period last year, the company posted $1.65 earnings per share. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. Analysts expect that SPX Technologies, Inc. will post 8.48 earnings per share for the current year.
About SPX Technologies
SPX Technologies, Inc (NYSE:SPXC) is a diversified industrial technology company that develops and manufactures engineered products and solutions for the heating, ventilation, air conditioning and infrastructure markets. The company serves commercial, industrial and residential customers through specialized technologies designed to support building climate control, utility infrastructure and related applications.
SPX Technologies operates through two primary business segments: HVAC and Detection & Measurement.
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