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

Key Points

• SPX Technologies has a consensus analyst rating of “Moderate Buy” from 11 brokerages, with 10 buy ratings and one hold rating. The average 12-month price target is $255.30.
• Several analysts recently lifted their views or price targets, including JPMorgan to $270, Wolfe Research to $266, and Truist to $295. B. Riley also reaffirmed a buy rating, while BMO initiated coverage with an outperform rating.
• The company recently reported better-than-expected quarterly results, posting EPS of $1.69 versus estimates of $1.55 and revenue of $566.8 million versus expectations. SPX Technologies also raised its FY 2026 guidance to 7.75–8.15 EPS.

SPX Technologies, Inc. (NYSE:SPXC - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $255.30.

Several equities research analysts recently issued reports on SPXC shares. B. Riley Financial reaffirmed a "buy" rating on shares of SPX Technologies in a research note on Friday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of SPX Technologies from $260.00 to $270.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. Wolfe Research restated an "outperform" rating and set a $266.00 target price on shares of SPX Technologies in a research note on Thursday, July 9th. BMO Capital Markets began coverage on SPX Technologies in a research report on Friday, March 27th. They set an "outperform" rating and a $243.00 target price on the stock. Finally, Truist Financial boosted their price target on SPX Technologies from $261.00 to $295.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd.

Hedge Funds Weigh In On SPX Technologies

A number of institutional investors have recently made changes to their positions in SPXC. Annex Advisory Services LLC purchased a new position in shares of SPX Technologies during the 2nd quarter valued at approximately $224,000. Tema ETFs LLC grew its position in shares of SPX Technologies by 3.9% during the second quarter. Tema ETFs LLC now owns 48,375 shares of the company's stock worth $11,860,000 after buying an additional 1,800 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of SPX Technologies by 6.2% in the second quarter. Handelsbanken Fonder AB now owns 15,409 shares of the company's stock worth $3,778,000 after buying an additional 900 shares during the last quarter. Gradient Investments LLC bought a new stake in shares of SPX Technologies in the second quarter worth $820,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in SPX Technologies by 16.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,291 shares of the company's stock valued at $807,000 after acquiring an additional 468 shares in the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

SPX Technologies Trading Up 0.2%

SPXC opened at $220.27 on Friday. The firm has a market capitalization of $11.03 billion, a P/E ratio of 43.11, a P/E/G ratio of 1.61 and a beta of 1.27. The firm's 50 day moving average is $224.30 and its 200-day moving average is $217.64. SPX Technologies has a 52-week low of $175.00 and a 52-week high of $251.08. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28.

SPX Technologies (NYSE:SPXC - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. The business had revenue of $566.80 million for the quarter, compared to analysts' expectations of $557.62 million. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Analysts expect that SPX Technologies will post 7.98 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.