SPX Technologies (NYSE:SPXC) Stock Sold Rep. Gilbert Ray Cisneros, Jr.

Key Points

• Rep. Gilbert Cisneros sold $1,001–$15,000 of SPX Technologies stock on July 16 through a Bank of America trust account. He also made several other stock purchases and sales in late July.
• SPX Technologies reported quarterly EPS of $2.02, beating estimates of $1.85, while revenue rose 22.9% year over year to $679 million. The company issued fiscal 2026 EPS guidance of $8.20–$8.60.
• Analysts maintain a favorable outlook, with the stock carrying a consensus “Buy” rating and an average price target of $266.67. Institutional investors own approximately 92.82% of outstanding shares.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of SPX Technologies, Inc. (NYSE:SPXC). In a filing disclosed on September 04th, the Representative disclosed that they had sold between $1,001 and $15,000 in SPX Technologies stock on July 16th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Mesabi Trust NYSE: MSB on 7/31/2026.
• Purchased $1,001 - $15,000 in shares of Praxis Precision Medicines NASDAQ: PRAX on 7/30/2026.
• Purchased $15,001 - $50,000 in shares of Alkermes NASDAQ: ALKS on 7/30/2026.
• Sold $15,001 - $50,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 7/30/2026.
• Sold $100,001 - $250,000 in shares of Alibaba Group NYSE: BABA on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Viavi Solutions NASDAQ: VIAV on 7/21/2026.
• Purchased $1,001 - $15,000 in shares of SailPoint NASDAQ: SAIL on 7/21/2026.
• Purchased $1,001 - $15,000 in shares of Glacier Bancorp NYSE: GBCI on 7/21/2026.
• Sold $1,001 - $15,000 in shares of FedEx NYSE: FDX on 7/21/2026.

SPX Technologies Trading Down 0.1%

Shares of NYSE:SPXC opened at $196.27 on Tuesday. The company has a 50 day moving average of $212.27 and a 200-day moving average of $215.29. The company has a current ratio of 1.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23. The firm has a market cap of $9.83 billion, a P/E ratio of 35.30, a P/E/G ratio of 1.28 and a beta of 1.27. SPX Technologies, Inc. has a twelve month low of $179.62 and a twelve month high of $251.08.

SPX Technologies (NYSE:SPXC - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. The firm had revenue of $679.00 million during the quarter, compared to the consensus estimate of $640.18 million. SPX Technologies had a return on equity of 16.53% and a net margin of 11.27%.The firm's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 earnings per share. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. As a group, analysts anticipate that SPX Technologies, Inc. will post 8.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. B. Riley Financial raised their target price on SPX Technologies from $280.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Truist Financial reissued a "buy" rating and issued a $301.00 price target (up from $295.00) on shares of SPX Technologies in a report on Monday, August 3rd. Wall Street Zen raised shares of SPX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Zacks Research upgraded shares of SPX Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Finally, 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. One equities 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's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $266.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in SPX Technologies in the 1st quarter worth approximately $1,000,000. Oppenheimer Asset Management Inc. purchased a new position in shares of SPX Technologies during the 2nd quarter valued at $4,903,000. Principal Financial Group Inc. increased its stake in shares of SPX Technologies by 4.1% in the first quarter. Principal Financial Group Inc. now owns 445,434 shares of the company's stock worth $89,060,000 after acquiring an additional 17,524 shares during the last quarter. Bank of America Corp DE increased its position in SPX Technologies by 13.0% in the 1st quarter. Bank of America Corp DE now owns 316,883 shares of the company's stock worth $63,358,000 after purchasing an additional 36,340 shares during the last quarter. Finally, Inceptionr LLC increased its holdings in SPX Technologies by 101.6% in the fourth quarter. Inceptionr LLC now owns 5,691 shares of the company's stock worth $1,139,000 after buying an additional 2,868 shares during the last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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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