3,091 Shares in SPX Technologies, Inc. $SPXC Bought by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired a new position in SPX Technologies, purchasing 3,091 shares valued at approximately $400,000 during the first quarter.
• Analysts have a positive outlook on SPX Technologies, with UBS Group raising its price target from $182.00 to $210.00 and several others assigning a "buy" rating.
• SPX Technologies reported $1.65 EPS for the last quarter, surpassing the consensus estimate of $1.45, with revenue growth of 10.2% year-over-year.

United Services Automobile Association acquired a new position in SPX Technologies, Inc. (NYSE:SPXC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,091 shares of the company's stock, valued at approximately $400,000.

Several other large investors have also recently bought and sold shares of the business. AlphaCore Capital LLC raised its position in SPX Technologies by 3.4% in the first quarter. AlphaCore Capital LLC now owns 2,068 shares of the company's stock worth $266,000 after acquiring an additional 68 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of SPX Technologies by 1.9% in the first quarter. Park Avenue Securities LLC now owns 4,497 shares of the company's stock valued at $579,000 after buying an additional 83 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of SPX Technologies by 18.5% in the first quarter. Farther Finance Advisors LLC now owns 628 shares of the company's stock valued at $83,000 after buying an additional 98 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of SPX Technologies by 21.8% in the first quarter. NewEdge Advisors LLC now owns 625 shares of the company's stock valued at $80,000 after buying an additional 112 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of SPX Technologies by 1.6% in the first quarter. Private Advisor Group LLC now owns 7,034 shares of the company's stock valued at $906,000 after buying an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company's stock.

SPX Technologies Stock Up 0.3%

SPX Technologies stock traded up $0.50 during midday trading on Wednesday, hitting $186.27. 15,687 shares of the company were exchanged, compared to its average volume of 315,265. The company's fifty day moving average price is $186.02 and its 200-day moving average price is $159.38. The company has a market cap of $8.71 billion, a PE ratio of 41.91, a price-to-earnings-growth ratio of 1.59 and a beta of 1.32. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.97 and a quick ratio of 1.28. SPX Technologies, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $209.38.

SPX Technologies (NYSE:SPXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.20. SPX Technologies had a return on equity of 19.59% and a net margin of 10.27%.The company had revenue of $552.40 million for the quarter, compared to the consensus estimate of $546.03 million. During the same period in the previous year, the business earned $1.42 EPS. SPX Technologies's revenue for the quarter was up 10.2% compared to the same quarter last year. SPX Technologies has set its FY 2025 guidance at 6.350-6.650 EPS. On average, research analysts predict that SPX Technologies, Inc. will post 5.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SPXC shares. Wall Street Zen upgraded SPX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Oppenheimer raised their price target on SPX Technologies from $170.00 to $197.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Finally, UBS Group raised their price target on SPX Technologies from $182.00 to $210.00 and gave the company a "buy" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $195.20.

About SPX Technologies

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.