NYSE:SPXC

SPX Technologies (SPXC) Stock Forecast, Price & News

$82.10

+4.78 (+6.18%)

(As of 06/2/2023 ET)

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Today's Range: $78.74
▼
$82.46
50-Day Range: $61.68
▼
$82.10
52-Week Range: $48.96
▼
$82.46

Volume: 353,173 shs
Average Volume: 259,856 shs
Market Capitalization: $3.74 billion

P/E Ratio: 122.54
Dividend Yield: N/A
Price Target: $85.00

SPX Technologies MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 3.5% Upside
$85.00 Price Target
Short Interest: Healthy
1.04% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.02
Based on 3 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.

1.90 out of 5 stars

Business Services Sector

178th out of 337 stocks

Metalworking Machinery & Equipment Industry

1st out of 4 stocks

1.5

Analyst's Opinion

Consensus Rating
SPX Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $85.00, SPX Technologies has a forecasted upside of 3.5% from its current price of $82.10.
Amount of Analyst Coverage
SPX Technologies has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.04% of the float of SPX Technologies has been sold short.
Short Interest Ratio / Days to Cover
SPX Technologies has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in SPX Technologies has recently increased by 14.35%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
SPX Technologies does not currently pay a dividend.
Dividend Growth
SPX Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SPXC.

3.3

News and Social Media Coverage

News Sentiment
SPX Technologies has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for SPX Technologies this week, compared to 5 articles on an average week.
Search Interest
3 people have searched for SPXC on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added SPX Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SPX Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,929,340.00 in company stock.
Percentage Held by Insiders
Only 4.02% of the stock of SPX Technologies is held by insiders.
Percentage Held by Institutions
92.06% of the stock of SPX Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for SPX Technologies are expected to grow by 10.97% in the coming year, from $3.92 to $4.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SPX Technologies is 122.54, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 120.56.
Price to Earnings Ratio vs. Sector
The P/E ratio of SPX Technologies is 122.54, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 261.95.
Price to Earnings Growth Ratio
SPX Technologies has a PEG Ratio of 1.16. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
SPX Technologies has a P/B Ratio of 3.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 30, 2023 | finance.yahoo.com

Zacks.com featured highlights Conagra Brands, SPX Technologies and Axon Enterprise

May 25, 2023 | finance.yahoo.com

SPX Technologies (SPXC) Is Up 8.19% in One Week: What You Should Know

June 4, 2023 | Behind the Markets (Ad)

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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 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

June 4, 2023 | Legacy Research (Affiliate) (Ad)

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May 11, 2023 | finance.yahoo.com

SPX Technologies (SPXC) Is a Great Choice for 'Trend' Investors, Here's Why

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

See More Headlines

SPXC Price History

30 days | 90 days | 365 days | Advanced Chart

SPXC Company Calendar

Last Earnings: 5/04/2023
Today: 6/04/2023
Next Earnings (Estimated): 8/03/2023
Fiscal Year End: 12/31/2023

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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: +3.5%
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: 122.54
Forward P/E Ratio: 20.94
P/E Growth: 1.1
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: 2.56
Cash Flow: $4.77 per share
Price / Cash Flow: 17.20
Book Value: $24.75 per share
Price / Book: 3.32

Miscellaneous

Outstanding Shares: 45,500,000
Free Float: 43,673,000
Market Cap: $3.74 billion
Optionable: Optionable
Beta: 1.23

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 equities research 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 equities research 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 brokerages have issued 1 year price objectives for SPX Technologies' stock. Their SPXC share price forecasts range from $85.00 to $85.00. On average, they expect the company's share price to reach $85.00 in the next twelve months. This suggests a possible upside of 3.5% 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 25.1% and is now trading at $82.10.
View the best growth stocks for 2023 here.
Are investors shorting SPX Technologies?: SPX Technologies saw a increase in short interest in 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 volume of 228,700 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.9% of the shares of the stock are short sold.
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) posted its quarterly earnings data on Thursday, May, 4th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.33. The firm earned $399.80 million during the quarter, compared to the consensus estimate of $329.78 million. SPX Technologies had a net margin of 2.03% and a trailing twelve-month return on equity of 15.33%. The company's quarterly revenue was up 30.2% on a year-over-year basis. During the same period 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 many different institutional and retail investors. Top institutional shareholders 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 $82.10.
How much money does SPX Technologies make?: SPX Technologies (NYSE:SPXC) has a market capitalization of $3.74 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 6/4/2023 by MarketBeat.com Staff

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