WoodTrust Financial Corp Makes New Investment in SPX Technologies, Inc. $SPXC

Key Points

• WoodTrust Financial Corp acquired 1,600 shares of SPX Technologies, valued at approximately $268,000, during the second quarter of the year.
• SPX Technologies reported earnings of $1.65 per share for the last quarter, exceeding estimates of $1.45, and generated a revenue of $552.40 million.
• Analyst ratings for SPX Technologies include several upgrades, with Oppenheimer raising its price target to $197.00 and UBS increasing it to $210.00, while the average target price stands at $195.20.

WoodTrust Financial Corp acquired a new stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,600 shares of the company's stock, valued at approximately $268,000.

Other hedge funds also recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in SPX Technologies during the first quarter worth about $890,000. Dynamic Technology Lab Private Ltd grew its holdings in SPX Technologies by 794.1% during the first quarter. Dynamic Technology Lab Private Ltd now owns 14,126 shares of the company's stock worth $1,819,000 after purchasing an additional 12,546 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in SPX Technologies during the second quarter worth about $1,878,000. Pacer Advisors Inc. grew its holdings in SPX Technologies by 80.1% during the first quarter. Pacer Advisors Inc. now owns 1,951 shares of the company's stock worth $251,000 after purchasing an additional 868 shares during the period. Finally, GAMMA Investing LLC grew its holdings in SPX Technologies by 5.9% during the second quarter. GAMMA Investing LLC now owns 1,140 shares of the company's stock worth $191,000 after purchasing an additional 64 shares during the period. Institutional investors own 92.82% of the company's stock.

SPX Technologies Stock Performance

NYSE SPXC opened at $188.11 on Wednesday. The firm's fifty day moving average price is $189.28 and its two-hundred day moving average price is $164.70. The stock has a market cap of $8.80 billion, a PE ratio of 42.27, a PEG ratio of 1.63 and a beta of 1.37. SPX Technologies, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $209.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.28 and a current ratio of 1.97.

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

Analyst Ratings Changes

SPXC has been the subject of several research reports. Oppenheimer raised their price objective on shares of SPX Technologies from $170.00 to $197.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of SPX Technologies from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. UBS Group raised their price objective on shares of SPX Technologies from $182.00 to $210.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of SPX Technologies in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, SPX Technologies has an average rating of "Buy" and an average target price of $195.20.

SPX Technologies Profile

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.

Want to see what other hedge funds are holding SPXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPX Technologies, Inc. (NYSE:SPXC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.