Seaport Res Ptn Expects Higher Earnings for SPX Technologies

Key Points

• Seaport Res Ptn has raised its Q3 2025 earnings per share estimate for SPX Technologies from $1.61 to $1.66, reflecting stronger expected performance.
• Analysts have increased their target prices for SPX Technologies, with UBS Group raising it to $210.00 and Oppenheimer adjusting it to $197.00.
• SPX Technologies reported Q2 earnings of $1.65 per share, surpassing expectations by $0.20 and showing a 10.2% increase in revenue year-over-year.

SPX Technologies, Inc. (NYSE:SPXC - Free Report) - Investment analysts at Seaport Res Ptn lifted their Q3 2025 earnings per share estimates for SPX Technologies in a research report issued to clients and investors on Friday, August 1st. Seaport Res Ptn analyst W. Liptak now forecasts that the company will post earnings of $1.66 per share for the quarter, up from their previous forecast of $1.61. The consensus estimate for SPX Technologies' current full-year earnings is $5.57 per share. Seaport Res Ptn also issued estimates for SPX Technologies' Q4 2025 earnings at $1.93 EPS, FY2025 earnings at $6.61 EPS, Q1 2026 earnings at $1.56 EPS and FY2026 earnings at $7.30 EPS.

SPXC has been the topic of several other reports. UBS Group boosted their target price on SPX Technologies from $182.00 to $210.00 and gave the company a "buy" rating in a research note on Friday. Oppenheimer boosted their target price on SPX Technologies from $170.00 to $197.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Finally, B. Riley assumed coverage on SPX Technologies in a research report on Thursday, May 15th. They issued a "buy" rating and a $195.00 price target for the company. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $195.20.

SPX Technologies Stock Performance

Shares of SPXC opened at $196.43 on Monday. The firm has a market cap of $9.18 billion, a PE ratio of 44.14, a PEG ratio of 1.67 and a beta of 1.27. The stock's fifty day moving average price is $166.62 and its two-hundred day moving average price is $149.97. 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 has a 1 year low of $115.00 and a 1 year high of $198.75.

SPX Technologies (NYSE:SPXC - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.20. The firm had revenue of $552.40 million for the quarter, compared to analyst estimates of $546.03 million. SPX Technologies had a return on equity of 19.59% and a net margin of 10.27%. The business's revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 earnings per share.

Insider Buying and Selling at SPX Technologies

In other news, Director Rick D. Puckett sold 6,823 shares of SPX Technologies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $153.01, for a total value of $1,043,987.23. Following the completion of the transaction, the director directly owned 33,770 shares in the company, valued at approximately $5,167,147.70. The trade was a 16.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On SPX Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in shares of SPX Technologies by 3.4% in the 4th quarter. Invesco Ltd. now owns 1,150,781 shares of the company's stock worth $167,462,000 after purchasing an additional 37,468 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of SPX Technologies by 1.4% in the 1st quarter. Conestoga Capital Advisors LLC now owns 799,195 shares of the company's stock worth $102,920,000 after purchasing an additional 11,400 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of SPX Technologies by 3.9% in the 4th quarter. Janus Henderson Group PLC now owns 723,708 shares of the company's stock worth $105,321,000 after purchasing an additional 26,995 shares in the last quarter. FMR LLC boosted its holdings in shares of SPX Technologies by 8.5% in the 4th quarter. FMR LLC now owns 718,298 shares of the company's stock worth $104,527,000 after purchasing an additional 56,175 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of SPX Technologies by 1.7% in the 4th quarter. Nuveen Asset Management LLC now owns 705,843 shares of the company's stock worth $102,714,000 after purchasing an additional 11,771 shares in the last quarter. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

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.

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