Grandeur Peak Global Advisors LLC bought a new stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,113 shares of the company's stock, valued at approximately $1,989,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Group One Trading LLC purchased a new stake in shares of SPX Technologies during the 2nd quarter valued at about $32,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of SPX Technologies in the 2nd quarter worth approximately $47,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of SPX Technologies by 56.7% in 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 during the last quarter. Summit Securities Group LLC bought a new stake in SPX Technologies during the first quarter valued at approximately $51,000. Finally, 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. 92.82% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Zacks Research upgraded shares of SPX Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Wall Street Zen raised shares of SPX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Oppenheimer restated an "outperform" rating and issued a $280.00 price objective (up from $272.00) on shares of SPX Technologies in a research note on Monday, July 20th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $250.00 target price on shares of SPX Technologies in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. lifted their target price on SPX Technologies from $260.00 to $270.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, SPX Technologies has an average rating of "Buy" and a consensus target price of $266.67.
Check Out Our Latest Analysis on SPX Technologies
SPX Technologies Price Performance
Shares of NYSE:SPXC opened at $205.26 on Friday. The company has a market capitalization of $10.28 billion, a P/E ratio of 36.92, a P/E/G ratio of 1.34 and a beta of 1.27. SPX Technologies, Inc. has a 1-year low of $179.62 and a 1-year high of $251.08. The firm's 50 day simple moving average is $218.50 and its two-hundred day simple moving average is $217.21. 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 (NYSE:SPXC - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. SPX Technologies had a net margin of 11.27% and a return on equity of 16.53%. The firm had revenue of $679.00 million during the quarter, compared to analysts' expectations of $640.18 million. During the same period in the prior year, the company posted $1.65 earnings per share. The company's revenue for the quarter was up 22.9% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. Research analysts expect that SPX Technologies, Inc. will post 8.47 EPS for the current fiscal year.
About SPX Technologies
(
Free Report)
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.
Further Reading
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