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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
15 A.I. Trading Opportunities a Day (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Biden, McCarthy reach final deal to prevent default, now must sell to Congress
Free A.I. Trade Alerts. Up to 15 opportunities a day. (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
The 4th Military Revolution is Happening (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
Turkey's Erdogan wins another term as president, extends rule into 3rd decade
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
15 A.I. Trading Opportunities a Day (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Biden, McCarthy reach final deal to prevent default, now must sell to Congress
Free A.I. Trade Alerts. Up to 15 opportunities a day. (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
The 4th Military Revolution is Happening (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
Turkey's Erdogan wins another term as president, extends rule into 3rd decade
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
15 A.I. Trading Opportunities a Day (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Biden, McCarthy reach final deal to prevent default, now must sell to Congress
Free A.I. Trade Alerts. Up to 15 opportunities a day. (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
The 4th Military Revolution is Happening (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
Turkey's Erdogan wins another term as president, extends rule into 3rd decade
NYSE:SPXC

SPX Technologies (SPXC) Stock Forecast, Price & News

$76.58
-0.14 (-0.18%)
(As of 05/26/2023 ET)
Compare
Today's Range
$76.08
▼
$77.66
50-Day Range
$61.68
▼
$78.77
52-Week Range
$48.96
▼
$80.00
Volume
138,596 shs
Average Volume
279,285 shs
Market Capitalization
$3.48 billion
P/E Ratio
114.30
Dividend Yield
N/A
Price Target
$85.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

SPX Technologies MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
11.0% Upside
$85.00 Price Target
Short Interest
Healthy
1.04% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.69mentions of SPX Technologies in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$4.93 M Sold Last Quarter
Proj. Earnings Growth
10.97%
From $3.92 to $4.35 Per Share

Overall MarketRank™

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

2.29 out of 5 stars

Business Services Sector

123rd out of 347 stocks

Metalworking Machinery & Equipment Industry

1st out of 5 stocks

See Top Rated MarketRank™ Stocks Here

SPXC stock logo

About SPX Technologies (NYSE:SPXC) Stock

SPX Technologies, Inc. engages in the supply of infrastructure equipment. It operates through the HVAC and Detection and Measurement segments. The HVAC segment engineers, designs, manufactures, installs, and services cooling products and engineered air quality solutions to the HVAC and industrial markets, as well as heating and ventilation products for the residential and commercial markets. The Detection and Measurement segment engineers, designs, manufactures, services, and installs underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems, fare collection systems, communication technologies, and obstruction lighting. The company was founded in 1912 and is headquartered in Charlotte, NC.

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SPXC Stock News Headlines

May 25, 2023 | finance.yahoo.com
SPX Technologies (SPXC) Is Up 8.19% in One Week: What You Should Know
May 22, 2023 | finance.yahoo.com
At US$78.77, Is It Time To Put SPX Technologies, Inc. (NYSE:SPXC) On Your Watch List?
May 28, 2023 | Behind the Markets (Ad)
"Unknown laser company making HUGE profit from Russia-Ukraine War"
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May 19, 2023 | americanbankingnews.com
SPX Technologies (NYSE:SPXC) Shares Gap Up to $71.92
May 18, 2023 | americanbankingnews.com
SPX Technologies (NYSE:SPXC) Receives New Coverage from Analysts at StockNews.com
May 17, 2023 | msn.com
Surging Earnings Estimates Signal Upside for SPX Technologies (SPXC) Stock
May 16, 2023 | americanbankingnews.com
Q2 2023 EPS Estimates for SPX Technologies, Inc. (NYSE:SPXC) Lifted by Seaport Res Ptn
May 11, 2023 | finance.yahoo.com
SPX Technologies (SPXC) Is a Great Choice for 'Trend' Investors, Here's Why
May 28, 2023 | Behind the Markets (Ad)
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
May 11, 2023 | americanbankingnews.com
J Randall Data Sells 17,638 Shares of SPX Technologies, Inc. (NYSE:SPXC) Stock
May 10, 2023 | americanbankingnews.com
Q2 2023 EPS Estimates for SPX Technologies, Inc. Boosted by Analyst (NYSE:SPXC)
May 9, 2023 | americanbankingnews.com
SPX Technologies (NYSE:SPXC) Given New $85.00 Price Target at Oppenheimer
May 8, 2023 | seekingalpha.com
SPX Technologies: Impressive Improved Performance
May 8, 2023 | msn.com
SPX Technologies Posts Better-than-Expected Q1 Results
May 7, 2023 | americanbankingnews.com
SPX Technologies (NYSE:SPXC) Shares Gap Up After Better-Than-Expected Earnings
May 6, 2023 | finance.yahoo.com
SPX Technologies, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
May 5, 2023 | seekingalpha.com
SPX Technologies up 20% after routing Q1 expectations
May 4, 2023 | markets.businessinsider.com
Oppenheimer Keeps Their Buy Rating on SPX (SPXC)
May 4, 2023 | msn.com
SPX Technologies (SPXC) Surpasses Q1 Earnings and Revenue Estimates
May 4, 2023 | apnews.com
SPX Technologies: Q1 Earnings Snapshot
May 4, 2023 | finance.yahoo.com
SPX Technologies Reports First Quarter 2023 Results
May 3, 2023 | markets.businessinsider.com
Here's what Wall Street expects from SPX Technologies's earnings
May 2, 2023 | bizjournals.com
SPX Technologies to buy St. Louis-based ASPEQ Heating Group for $418M
May 2, 2023 | bizjournals.com
SPX Technologies of Charlotte to buy St. Louis-based ASPEQ Heating Group for $418M
May 2, 2023 | americanbankingnews.com
SPX Technologies (SPXC) to Release Earnings on Thursday
May 1, 2023 | yahoo.com
Charlotte-based SPX Technologies expanding HVAC business with $418M acquisition
May 1, 2023 | finance.yahoo.com
SPX Technologies Bolsters Electrical Heating Portfolio Via $418M Acquisition Of ASPEQ Heating Group
See More Headlines
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SPXC Company Calendar

Last Earnings
5/04/2023
Today
5/28/2023
Next Earnings (Estimated)
8/03/2023
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
$85.00
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
+11.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.67
Trailing P/E Ratio
114.30
Forward P/E Ratio
19.54
P/E Growth
1.09
Net Income
$200,000.00
Net Margins
2.03%
Pretax Margin
3.98%
Return on Equity
15.33%
Return on Assets
7.51%

Debt

Debt-to-Equity Ratio
0.21
Current Ratio
2.08
Quick Ratio
1.41

Sales & Book Value

Annual Sales
$1.46 billion
Price / Sales
2.39
Cash Flow
$4.49 per share
Price / Cash Flow
17.04
Book Value
$24.75 per share
Price / Book
3.09

Miscellaneous

Outstanding Shares
45,500,000
Free Float
43,673,000
Market Cap
$3.48 billion
Optionable
Optionable
Beta
1.24

Social Links


Key Executives

  • Eugene Joseph Lowe
    President, Chief Executive Officer & Director
  • Randy Data
    President-South Africa & Global Operations
  • Mark A. Carano
    Chief Financial Officer, Treasurer & VP
  • Darnell Smith
    Chief Information Officer
  • Tausha White
    Chief Human Resources Officer & Vice President

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?

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

What is SPX Technologies' stock price forecast for 2023?

2 equities research analysts have issued 1 year price targets for SPX Technologies' stock. Their SPXC share price forecasts range from $85.00 to $85.00. On average, they anticipate the company's stock price to reach $85.00 in the next twelve months. This suggests a possible upside of 11.0% 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 start of the year. Since then, SPXC stock has increased by 16.6% and is now trading at $76.58.
View the best growth stocks for 2023 here.

Are investors shorting SPX Technologies?

SPX Technologies saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 403,400 shares, an increase of 13.8% from the April 15th total of 354,600 shares. Based on an average daily trading volume, of 228,700 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.9% of the company's stock 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, August 3rd 2023.
View our SPXC earnings forecast.

How were SPX Technologies' earnings last quarter?

SPX Technologies, Inc. (NYSE:SPXC) released its earnings results on Thursday, May, 4th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.33. The company had revenue of $399.80 million for the quarter, compared to the consensus estimate of $329.78 million. SPX Technologies had a trailing twelve-month return on equity of 15.33% and a net margin of 2.03%. The firm's revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 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), 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), Xtrackers S&P SmallCap 600 ESG ETF (SMLE) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).

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

SPX Technologies updated its FY23 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $3.80-$3.95 for the period, compared to the consensus EPS estimate of $3.49. The company issued revenue guidance of $1.61-$1.65 billion, compared to the consensus revenue estimate of $1.52 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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.57%), State Street Corp (3.66%), Ameriprise Financial Inc. (3.06%), Dimensional Fund Advisors LP (2.64%), FMR LLC (2.29%) and GW&K Investment Management LLC (2.26%). 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 $76.58.

How much money does SPX Technologies make?

SPX Technologies (NYSE:SPXC) has a market capitalization of $3.48 billion and generates $1.46 billion in revenue each year. The company earns $200,000.00 in net income (profit) each year or $0.67 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 5/28/2023 by MarketBeat.com Staff

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