SPX Technologies (NYSE:SPXC) Stock Price Down 6.3% - Should You Sell?

Key Points

• SPX Technologies shares fell about 6.3% intraday to $189.53 on Friday, with trading volume down roughly 60% versus the average after a prior close of $202.36.
• Analyst sentiment is broadly positive—seven Buy ratings and two Holds—with an average target of $250.63 and recent upgrades/raised targets from firms including Bank of America ($280) and Oppenheimer ($272).
• The company beat expectations with quarterly EPS of $1.88 and revenue of $637.3M, provided FY2026 guidance of 7.600–8.000 EPS, and has high institutional ownership at about 92.8%.

SPX Technologies, Inc. (NYSE:SPXC - Get Free Report)'s stock price dropped 6.3% during mid-day trading on Friday . The company traded as low as $187.89 and last traded at $189.5280. Approximately 154,374 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 382,250 shares. The stock had previously closed at $202.36.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SPXC. TD Cowen reaffirmed a "hold" rating on shares of SPX Technologies in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SPX Technologies in a research note on Monday, December 29th. B. Riley Financial reaffirmed a "buy" rating and set a $244.00 price target (up from $225.00) on shares of SPX Technologies in a research note on Wednesday, December 10th. Bank of America raised SPX Technologies from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $240.00 to $280.00 in a research report on Friday, February 13th. Finally, Oppenheimer lifted their target price on SPX Technologies from $240.00 to $272.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 25th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, SPX Technologies currently has an average rating of "Moderate Buy" and an average target price of $250.63.

SPX Technologies Trading Down 8.5%

The firm has a market cap of $9.23 billion, a P/E ratio of 36.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. The company has a current ratio of 2.48, a quick ratio of 1.82 and a debt-to-equity ratio of 0.22. The company's fifty day moving average price is $219.07 and its two-hundred day moving average price is $206.81.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SPXC. Royal Bank of Canada increased its holdings in SPX Technologies by 8.1% during the first quarter. Royal Bank of Canada now owns 38,386 shares of the company's stock worth $4,942,000 after buying an additional 2,892 shares during the last quarter. AQR Capital Management LLC lifted its stake in SPX Technologies by 74.5% in the 1st quarter. AQR Capital Management LLC now owns 20,734 shares of the company's stock valued at $2,670,000 after purchasing an additional 8,854 shares during the last quarter. Millennium Management LLC lifted its stake in SPX Technologies by 214.4% in the 1st quarter. Millennium Management LLC now owns 83,285 shares of the company's stock valued at $10,725,000 after purchasing an additional 56,799 shares during the last quarter. NewEdge Advisors LLC grew its holdings in SPX Technologies by 21.8% during the first quarter. NewEdge Advisors LLC now owns 625 shares of the company's stock worth $80,000 after purchasing an additional 112 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in SPX Technologies by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 192,129 shares of the company's stock worth $24,742,000 after buying an additional 3,353 shares during the last quarter. Institutional investors own 92.82% of the company's stock.

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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