SPX Technologies, Inc. (NYSE:SPXC) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst consensus: Nine brokerages give SPX Technologies an average "Moderate Buy" rating (7 buys, 2 holds) with a 12‑month average price target of $250.63, and major firms like JPMorgan, Oppenheimer and Wells Fargo have recently raised targets into the $260–$272 range.
• Earnings and guidance: SPX beat estimates with Q EPS of $1.88 (vs. $1.86) and revenue of $637.3M (+19.4% YoY), and set FY2026 guidance of 7.60–8.00 EPS while analysts forecast about 5.57 EPS for the current fiscal year.
• Market action and valuation: Shares opened at $186.78 after a 7.7% drop, the company has a $9.32B market cap, a P/E of 37.3 and roughly 92.8% institutional ownership.

Shares of SPX Technologies, Inc. (NYSE:SPXC - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $250.6250.

A number of equities analysts have issued reports on SPXC shares. JPMorgan Chase & Co. initiated coverage on SPX Technologies in a research note on Wednesday, March 4th. They set an "overweight" rating and a $260.00 price target for the company. Oppenheimer boosted their price objective on SPX Technologies from $240.00 to $272.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SPX Technologies in a research note on Monday, December 29th. Truist Financial lifted their target price on SPX Technologies from $216.00 to $244.00 and gave the stock a "hold" rating in a report on Thursday, February 26th. Finally, Wells Fargo & Company boosted their price target on shares of SPX Technologies from $220.00 to $270.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 25th.

SPX Technologies Stock Down 7.7%

SPXC stock opened at $186.78 on Friday. The firm's 50-day moving average is $218.66 and its two-hundred day moving average is $206.97. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 1.43 and a beta of 1.30. SPX Technologies has a 52 week low of $115.00 and a 52 week high of $246.68. The company has a current ratio of 2.48, a quick ratio of 1.82 and a debt-to-equity ratio of 0.22.

SPX Technologies (NYSE:SPXC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. SPX Technologies had a net margin of 10.77% and a return on equity of 17.82%. The business had revenue of $637.30 million during the quarter, compared to analysts' expectations of $625.98 million. During the same period last year, the firm posted $1.51 earnings per share. The business's revenue was up 19.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. On average, analysts forecast that SPX Technologies will post 5.57 earnings per share for the current fiscal year.

Institutional Trading of SPX Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in SPXC. Hazlett Burt & Watson Inc. acquired a new stake in SPX Technologies during the third quarter valued at approximately $28,000. Cullen Frost Bankers Inc. grew its position in SPX Technologies by 52.9% in the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company's stock worth $29,000 after buying an additional 54 shares during the last quarter. Optiver Holding B.V. increased its holdings in shares of SPX Technologies by 110.5% in the third quarter. Optiver Holding B.V. now owns 160 shares of the company's stock valued at $30,000 after buying an additional 84 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of SPX Technologies during the 2nd quarter valued at $31,000. Finally, Financial Consulate Inc. acquired a new stake in shares of SPX Technologies during the 3rd quarter valued at $34,000. 92.82% of the stock is currently owned by institutional investors.

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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