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NYSE:SPXC

SPX Technologies (SPXC) Stock Price, News & Analysis

$108.60
-2.83 (-2.54%)
(As of 02/23/2024 ET)
Today's Range
$103.16
$113.13
50-Day Range
$96.73
$111.38
52-Week Range
$61.09
$113.13
Volume
877,540 shs
Average Volume
205,304 shs
Market Capitalization
$4.96 billion
P/E Ratio
167.08
Dividend Yield
N/A
Price Target
$107.00

SPX Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
1.5% Downside
$107.00 Price Target
Short Interest
Healthy
1.07% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.76mentions of SPX Technologies in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.93%
From $4.30 to $4.77 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.24 out of 5 stars

Business Services Sector

244th out of 314 stocks

Metalworking Machinery & Equipment Industry

3rd out of 4 stocks


SPXC stock logo

About SPX Technologies Stock (NYSE:SPXC)

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 Stock Price History

SPXC Stock News Headlines

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The same catalyst the kicked off the three major crypto bull markets... is about to hit again on April 22, 2024
SPX Reports Fourth Quarter and Full-Year 2023 Results
SPX Technologies to Host 2024 Investor Day on March 26th
SPX Technologies to Host 2024 Investor Day on March 26th
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Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
SPX Technologies (SPXC) Scheduled to Post Earnings on Thursday
SPXC Mar 2024 70.000 put
SPXC Jun 2024 110.000 call
Oppenheimer Sticks to Its Buy Rating for SPX (SPXC)
SPX Technologies Inc
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Is SPX Technologies (SPXC) Exposed To Secular Tailwinds?
SPXC vs. TRI: Which Stock Is the Better Value Option?
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
2/23/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metalworking machinery & equipment
Sub-Industry
N/A
Previous Symbol
NASDAQ:SPXC
Employees
3,300
Year Founded
1912

Price Target and Rating

Average Stock Price Target
$107.00
High Stock Price Target
$124.00
Low Stock Price Target
$90.00
Potential Upside/Downside
-12.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$200,000.00
Pretax Margin
7.21%

Debt

Sales & Book Value

Annual Sales
$1.46 billion
Cash Flow
$4.45 per share
Book Value
$23.88 per share

Miscellaneous

Free Float
43,813,000
Market Cap
$4.96 billion
Optionable
Optionable
Beta
1.25

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SPXC Stock Analysis - Frequently Asked Questions

Should I buy or sell SPX Technologies stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SPX Technologies in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

3 equities research analysts have issued 12-month price objectives for SPX Technologies' shares. Their SPXC share price targets range from $90.00 to $124.00. On average, they predict the company's share price to reach $107.00 in the next year. This suggests that the stock has a possible downside of 1.5%.
View analysts price targets for SPXC
or view top-rated stocks among Wall Street analysts.

How have SPXC shares performed in 2024?

SPX Technologies' stock was trading at $101.01 at the beginning of 2024. Since then, SPXC stock has increased by 7.5% and is now trading at $108.60.
View the best growth stocks for 2024 here
.

Are investors shorting SPX Technologies?

SPX Technologies saw a decrease in short interest in January. As of January 15th, there was short interest totaling 476,100 shares, a decrease of 17.2% from the December 31st total of 574,900 shares. Based on an average daily trading volume, of 197,200 shares, the short-interest ratio is currently 2.4 days. Approximately 1.1% of the company's shares 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, May 2nd 2024.
View our SPXC earnings forecast
.

How were SPX Technologies' earnings last quarter?

SPX Technologies, Inc. (NYSE:SPXC) issued its earnings results on Thursday, February, 22nd. The company reported $1.25 earnings per share for the quarter, meeting the consensus estimate of $1.25. The business had revenue of $469.40 million for the quarter, compared to the consensus estimate of $481.98 million. SPX Technologies had a trailing twelve-month return on equity of 17.33% and a net margin of 1.83%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 EPS.

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

SPX Technologies issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of 4.850-5.150 for the period, compared to the consensus EPS estimate of 4.720. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $1.9 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).

Who are SPX Technologies' major shareholders?

SPX Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.95%), Dimensional Fund Advisors LP (2.53%), Artisan Partners Limited Partnership (1.77%), Nuveen Asset Management LLC (1.68%), GW&K Investment Management LLC (1.63%) and Channing Capital Management LLC (1.58%). Insiders that own company stock include Brian G Mason, J Randall Data, John Webster Nurkin, John William Swann III, Michael Andrew Reilly and Natausha Heleena White.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NYSE:SPXC) was last updated on 2/23/2024 by MarketBeat.com Staff