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NYSE:SPXC

SPX Technologies (SPXC) Stock Forecast, Price & News

$78.80
-1.67 (-2.08%)
(As of 09/26/2023 ET)
Compare
Today's Range
$78.76
▼
$81.01
50-Day Range
$77.15
▼
$88.69
52-Week Range
$53.19
▼
$91.93
Volume
151,385 shs
Average Volume
216,471 shs
Market Capitalization
$3.59 billion
P/E Ratio
67.93
Dividend Yield
N/A
Price Target
$95.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

SPX Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
20.6% Upside
$95.00 Price Target
Short Interest
Healthy
1.15% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.96mentions of SPX Technologies in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.87 M Sold Last Quarter
Proj. Earnings Growth
10.54%
From $4.27 to $4.72 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Business Services Sector

130th out of 307 stocks

Metalworking Machinery & Equipment Industry

1st out of 4 stocks

See Top Rated MarketRank™ Stocks Here

SPXC stock logo

About SPX Technologies (NYSE:SPXC) Stock

SPX Technologies, Inc. supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. 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 and comfort heating and ventilation products for the residential and commercial markets. It offers its products under the Marley, Recold, SGS, Cincinnati Fan, Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, and Williamson-Thermoflo brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, and robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Riser Bond, Warren G-V, Cues, ULC Robotics, and Sensors & Software brands; and collection systems, communication technologies, and obstruction lighting products under the Genfare, TCI, Flash Technology, Sabik Marine, Sealite, Avlite, and ECS brands. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers, as well as direct to customers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina.

SPXC Price History

SPXC Stock News Headlines

September 23, 2023 | americanbankingnews.com
SPX Technologies (NYSE:SPXC) PT Raised to $100.00
September 19, 2023 | finance.yahoo.com
Sidoti Events, LLC’s Virtual September Small-Cap Conference
September 26, 2023 | Legacy Research (Ad)
Reverse ‘money machines’ popping up across America
If you’ve been to a concert venue, stadium, or airport, you’ve almost certainly walked by one without knowing. The experts are calling it a 'Reverse ATM' Why are these machines suddenly appearing out of nowhere? And what does it mean for your money?
September 14, 2023 | finance.yahoo.com
SPX Introduces Sixth Annual Sustainability Report
August 30, 2023 | finance.yahoo.com
Multiple Reasons to Invest in SPX Technologies (SPXC)
August 30, 2023 | finance.yahoo.com
SPX Technologies to Present at the Jefferies Industrials Conference on September 7th
August 3, 2023 | marketwatch.com
SPX Technologies Shares Rise 9% on 2Q Revenue, Adj EPS Beats
August 3, 2023 | uk.finance.yahoo.com
SPXC - SPX Corporation
September 26, 2023 | Legacy Research (Ad)
Reverse ‘money machines’ popping up across America
If you’ve been to a concert venue, stadium, or airport, you’ve almost certainly walked by one without knowing. The experts are calling it a 'Reverse ATM' Why are these machines suddenly appearing out of nowhere? And what does it mean for your money?
August 3, 2023 | washingtonpost.com
SPX Technologies: Q2 Earnings Snapshot
August 3, 2023 | msn.com
SPX Technologies (SPXC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
August 3, 2023 | finance.yahoo.com
SPX Technologies Reports Second Quarter 2023 Results
August 2, 2023 | seekingalpha.com
SPX Technologies, Inc. 2023 Q2 - Results - Earnings Call Presentation
August 1, 2023 | finance.yahoo.com
SPX Technologies (NYSE:SPXC) investors are up 3.4% in the past week, but earnings have declined over the last five years
July 28, 2023 | finance.yahoo.com
SPX Technologies (SPXC) to Post Q2 Earnings: What's in Store?
July 14, 2023 | finance.yahoo.com
SPX Technologies to Report Second Quarter 2023 Financial Results
July 13, 2023 | finance.yahoo.com
Why SPX Technologies (SPXC) is Poised to Beat Earnings Estimates Again
July 10, 2023 | msn.com
SPX Technologies: Healthy Outlook, Reasonable Valuation
July 8, 2023 | fool.com
SPX (NYSE: SPXC)
July 6, 2023 | msn.com
SPX Technologies (SPXC) Price Target Increased by 5.78% to 93.33
July 5, 2023 | benzinga.com
SPX Technologies shares are trading lower after UBS downgraded the stock from Buy to Neutral but raised its price target from $80 to $90.
June 29, 2023 | wsj.com
SPX Technologies Inc.
June 20, 2023 | finance.yahoo.com
SPX Technologies (SPXC) is on the Move, Here's Why the Trend Could be Sustainable
June 13, 2023 | finance.yahoo.com
What Makes SPX Technologies (SPXC) a Strong Momentum Stock: Buy Now?
June 13, 2023 | finance.yahoo.com
SPX Technologies, Inc.'s (NYSE:SPXC) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
June 6, 2023 | msn.com
Oppenheimer Maintains SPX Technologies (SPXC) Outperform Recommendation
June 6, 2023 | markets.businessinsider.com
Oppenheimer Remains a Buy on SPX (SPXC)
See More Headlines
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SPXC Company Calendar

Last Earnings
8/02/2023
Today
9/26/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Metalworking machinery & equipment
Sub-Industry
N/A
Sector
Business Services
Current Symbol
NYSE:SPXC
Previous Symbol
NASDAQ:SPXC
CUSIP
N/A
CIK
88205
Web
www.spx.com
Phone
(980) 474-3700
Fax
302-655-5049
Employees
3,300
Year Founded
1912

Price Target and Rating

Average Stock Price Forecast
$95.00
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+18.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$1.16
Trailing P/E Ratio
69.34
Forward P/E Ratio
18.84
P/E Growth
1.04
Net Income
$200,000.00
Net Margins
3.36%
Pretax Margin
5.21%
Return on Equity
16.52%
Return on Assets
8.24%

Debt

Debt-to-Equity Ratio
0.45
Current Ratio
1.51
Quick Ratio
0.90

Sales & Book Value

Annual Sales
$1.46 billion
Price / Sales
2.51
Cash Flow
$4.51 per share
Price / Cash Flow
17.83
Book Value
$23.88 per share
Price / Book
3.37

Miscellaneous

Outstanding Shares
45,590,000
Free Float
43,757,000
Market Cap
$3.67 billion
Optionable
Optionable
Beta
1.25

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Key Executives

  • Mr. Eugene Joseph Lowe III (Age 55)
    Pres, CEO & Director
    Comp: $2.69M
  • Mr. J. Randall Data (Age 57)
    Pres of Heating & Global Operations
    Comp: $1.11M
  • Mr. John William Swann IIIMr. John William Swann III (Age 52)
    Segment Pres of Detection & Measurement
    Comp: $1.08M
  • Mr. Sean McClenaghan
    Pres of Global Cooling
  • Mr. Mark A. Carano (Age 53)
    VP, CFO & Treasurer
  • Mr. Wayne M. McLaren (Age 44)
    VP, Chief Accounting Officer & Corp. Controller
  • Mr. Darnell Smith
    Chief Information Officer
  • Mr. Paul Clegg
    VP of Investor Relations & Communications
  • Mr. John Webster Nurkin (Age 53)
    VP, Gen. Counsel & Sec.
  • Vivek Dhir
    VP of Global Marketing & Bus. Devel.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SPXC Stock - Frequently Asked Questions

Should I buy or sell SPX Technologies stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SPX Technologies in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SPXC shares.
View SPXC analyst ratings or view top-rated stocks.

What is SPX Technologies' stock price forecast for 2023?

3 analysts have issued 1 year target prices for SPX Technologies' shares. Their SPXC share price forecasts range from $90.00 to $100.00. On average, they anticipate the company's stock price to reach $95.00 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price.
View analysts price targets for SPXC or view top-rated stocks among Wall Street analysts.

How have SPXC shares performed in 2023?

SPX Technologies' stock was trading at $65.65 at the beginning of the year. Since then, SPXC stock has increased by 22.5% and is now trading at $80.43.
View the best growth stocks for 2023 here.

Are investors shorting SPX Technologies?

SPX Technologies saw a increase in short interest in August. As of August 31st, there was short interest totaling 500,400 shares, an increase of 18.7% from the August 15th total of 421,600 shares. Based on an average daily trading volume, of 225,200 shares, the short-interest ratio is presently 2.2 days. Currently, 1.2% of the shares of the company are sold short.
View SPX Technologies' Short Interest.

When is SPX Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our SPXC earnings forecast.

How were SPX Technologies' earnings last quarter?

SPX Technologies, Inc. (NYSE:SPXC) posted its quarterly earnings data on Wednesday, August, 2nd. The company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.22. The company earned $423.30 million during the quarter, compared to analyst estimates of $395.72 million. SPX Technologies had a net margin of 3.36% and a trailing twelve-month return on equity of 16.52%. The company's revenue for the quarter was up 19.6% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share.

What ETFs hold SPX Technologies' stock?

ETFs with the largest weight of SPX Technologies (NYSE:SPXC) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Tema American Reshoring ETF (RSHO), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Momentum ETF (XSMO), Nuveen Small Cap Select ETF (NSCS), Invesco DWA SmallCap Momentum ETF (DWAS), SPDR S&P SmallCap 600 ESG ETF (ESIX) and Xtrackers S&P SmallCap 600 ESG ETF (SMLE).

What guidance has SPX Technologies issued on next quarter's earnings?

SPX Technologies issued an update on its FY23 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $4.15-$4.30 for the period, compared to the consensus estimate of $3.99. The company issued revenue guidance of $1.72-$1.75 billion, compared to the consensus revenue estimate of $1.69 billion.

What is Gene Lowe's approval rating as SPX Technologies' CEO?

45 employees have rated SPX Technologies Chief Executive Officer Gene Lowe on Glassdoor.com. Gene Lowe has an approval rating of 62% among the company's employees. This puts Gene Lowe in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of SPX Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SPX Technologies investors own include SPX FLOW (FLOW), Exxon Mobil (XOM), Advanced Micro Devices (AMD), Pfizer (PFE), Alibaba Group (BABA), Qorvo (QRVO), Skyworks Solutions (SWKS), Bank of America (BAC), Bristol-Myers Squibb (BMY) and Starbucks (SBUX).

What is SPX Technologies' stock symbol?

SPX Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPXC."

Who are SPX Technologies' major shareholders?

SPX Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (16.18%), State Street Corp (3.62%), Earnest Partners LLC (2.86%), Dimensional Fund Advisors LP (2.68%), Segall Bryant & Hamill LLC (2.02%) and Geode Capital Management LLC (1.90%). Insiders that own company stock include Brian G Mason, J Randall Data, John Webster Nurkin, John William Swann III, Michael Andrew Reilly, Natausha Heleena White and Scott William Sproule.
View institutional ownership trends.

How do I buy shares of SPX Technologies?

Shares of SPXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SPX Technologies' stock price today?

One share of SPXC stock can currently be purchased for approximately $80.43.

How much money does SPX Technologies make?

SPX Technologies (NYSE:SPXC) has a market capitalization of $3.67 billion and generates $1.46 billion in revenue each year. The company earns $200,000.00 in net income (profit) each year or $1.16 on an earnings per share basis.

How many employees does SPX Technologies have?

The company employs 3,300 workers across the globe.

Does SPX Technologies have any subsidiaries?
The following companies are subsidiares of SPX Technologies: APV Asia, Arrendadora Korco S.A. de C.V., B.W. Murdoch Ltd, Ballantyne Holdings LLC, Beacon Navigation Pty Ltd, Bethpage Finance S.a.r.l., Beyond Vision LLC, CUES, CUES Canada Inc., CUES Inc., Cincinnati Fan, Cincinnati Fan & Ventilator Company Inc., Clyde Union, Communication Technologies Dominican Republic (COMMTECHDR) SRL, DBT Technologies (Pty) Ltd, Daniels Fans Limited, Dormant Radio Australia Pty Ltd., ELXSI Corporation, Engineered Air Quality Inc., Enterprise Control Systems, Enterprise Control Systems Limited, Fairbanks Morse India Limited, Fairbanks Morse Pump Corporation, Flash Technology LLC, General Signal India Private Limited, Genfare Holdings LLC, Gerstenberg Schröder A/S, International Tower Lighting LLC, KVT&I Pty Ltd, Kayex Holdings LLC, Kiawah Holding Company, Laser Guidance Inc., MCT Services LLC, Marley Canadian ULC, Marley Cooling Tower (Holdings) Limited, Marley Engineered Products LLC, Marley Mexicana S.A. de C.V., North American Transformer, Patterson-Kelley LLC, Patterson-Kelley LLC, Pinehurst Holding Company, Pipeline Inspection Partners Corp., Radiodetection (Canada) Ltd., Radiodetection (China) Limited, Radiodetection Australia Pty Limited, Radiodetection Limited, Radiodetection Sarl, Radiodetection B.V., SGS Refrigeration Inc., SPX (Guangzhou) Cooling Technologies Co.  Ltd., SPX Cooling Technologies Canada Inc., SPX Cooling Technologies Malaysia Sdn Bhd, SPX Cooling Technologies Singapore Pte. Ltd., SPX Cooling Technologies Trading DMCC, SPX Cooling Technologies UK Limited, SPX Cooling Technologies  Inc., SPX Cooling Technologies GmbH, SPX Cooling Technology (Suzhou) Co. Ltd., SPX European Holding Limited, SPX Germany Holding GmbH, SPX Heat Transfer LLC, SPX Holding Inc., SPX Mauritius Ltd., SPX Pension Trust Company Limited, SPX Receivables  LLC, SPX Sabik Europe Holdings Limited, SPX Technologies (Pty) Ltd., SPX Thermal Equipment and Services India Private Limited, Sabik Ltd, Sabik Marine, Sabik Oy (Oy Sabik Ab), Sabik OÜ, Sabik Private Limited, Schonstedt Instrument Company LLC, Schonstedt Instrument Company LLC, Sealite, Sealite Asia Pte Ltd., Sealite Europe S.L.U., Sealite Holdings Pty Ltd, Sealite Investments LLC, Sealite Pty Ltd., Sealite USA LLC, Sealite United Kingdom Limited, Seital, Sensors & Software Inc., Sensors & Software Inc., Star2M Pty Ltd, Strobic Air Corporation, TC2 Limited, TCI International  Inc., Tecnotest, The Marley Company LLC, The Marley-Wylain Company LLC, Torque Tension Systems Ltd, ULC Business Holdings LLC, ULC Pipeline Robotics LLC, ULC Robotics, ULC Robotics International Inc., ULC Robotics International Limited, ULC Services LLC, ULC Technologies LLC, United Dominion Industries, Vokes Limited, WM Technologies LLC, XCel Erectors Inc., and e&e Verfahrenstechnik.
Read More
How can I contact SPX Technologies?

SPX Technologies' mailing address is 6325 ARDREY KELL ROAD SUITE 400, CHARLOTTE NC, 28277. The official website for the company is www.spx.com. The company can be reached via phone at (980) 474-3700, via email at spx.investor@spx.com, or via fax at 302-655-5049.

This page (NYSE:SPXC) was last updated on 9/26/2023 by MarketBeat.com Staff

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