69,692 Shares in SPX Technologies, Inc. $SPXC Bought by Moore Capital Management LP

Key Points

• Moore Capital Management acquired 69,692 shares of SPX Technologies worth approximately $17.1 million, representing about 0.14% of the company. Institutional investors collectively own 92.82% of SPXC.
• SPX Technologies reported quarterly EPS of $2.02, exceeding estimates of $1.85, while revenue rose 22.9% year over year to $679 million. The company provided fiscal 2026 EPS guidance of $8.20–$8.60.
• SPXC opened at $198.26, below its 50-day and 200-day moving averages. Analysts remain broadly bullish, with an average “Buy” rating and an average price target of $266.67.

Moore Capital Management LP acquired a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 69,692 shares of the company's stock, valued at approximately $17,086,000. Moore Capital Management LP owned approximately 0.14% of SPX Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Group One Trading LLC purchased a new position in shares of SPX Technologies in the second quarter worth about $32,000. Hazlett Burt & Watson Inc. raised its holdings in SPX Technologies by 56.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company's stock worth $47,000 after purchasing an additional 85 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of SPX Technologies in the second quarter valued at approximately $47,000. Hantz Financial Services Inc. increased 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 valued at $51,000 after buying an additional 45 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of SPX Technologies during the 1st quarter worth approximately $51,000. Hedge funds and other institutional investors own 92.82% of the company's stock.

SPX Technologies Stock Down 0.2%

NYSE SPXC opened at $198.26 on Monday. The business has a fifty day moving average price of $217.60 and a 200 day moving average price of $217.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.21 and a current ratio of 1.82. The company has a market cap of $9.93 billion, a P/E ratio of 35.66, a P/E/G ratio of 1.30 and a beta of 1.27. SPX Technologies, Inc. has a one year low of $179.62 and a one year high of $251.08.

SPX Technologies (NYSE:SPXC - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.17. The company had revenue of $679.00 million for 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.65 EPS. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. Research analysts anticipate that SPX Technologies, Inc. will post 8.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SPXC shares. Wolfe Research reissued an "outperform" rating and issued a $266.00 price target on shares of SPX Technologies in a research note on Thursday, July 9th. Weiss Ratings restated a "buy (b-)" rating on shares of SPX Technologies in a research report on Wednesday, July 8th. Oppenheimer reiterated an "outperform" rating and issued a $280.00 target price (up from $272.00) on shares of SPX Technologies in a research report on Monday, July 20th. JPMorgan Chase & Co. boosted their target price on shares of SPX Technologies from $260.00 to $270.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of SPX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $266.67.

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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