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NYSE:SPXC

SPX Technologies - SPXC Stock Forecast, Price & News

$67.44
+1.25 (+1.89%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$66.11
$67.56
50-Day Range
$55.22
$73.08
52-Week Range
$41.66
$75.25
Volume
174,966 shs
Average Volume
189,055 shs
Market Capitalization
$3.05 billion
P/E Ratio
91.14
Dividend Yield
N/A
Price Target
$72.00

SPX Technologies MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
6.8% Upside
$72.00 Price Target
Short Interest
Healthy
1.19% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.45mentions of SPX Technologies in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$711,568 Sold Last Quarter
Proj. Earnings Growth
17.18%
From $2.91 to $3.41 Per Share

Overall MarketRank

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

2.24 out of 5 stars

Business Services Sector

164th out of 320 stocks

Metalworking Machinery & Equipment Industry

1st out of 4 stocks

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 bus fare 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.

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SPXC Stock News Headlines

SPX Technologies (NYSE:SPXC) Raised to Buy at StockNews.com
SPX Technologies (NYSE:SPXC) Raised to "Buy" at StockNews.com
SPX Technologies: SPX Reports Third Quarter 2022 Results
SPX Reports Third Quarter 2022 Results
SPX Introduces Fifth Annual Sustainability Report
SPX Technologies Divests Legacy Asbestos Liabilities
SPX Names CIO and VP Strategy & Development
SPX to Report Third Quarter 2022 Financial Results
SPX Technologies, Inc. (SPXC)
See More Headlines
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SPXC Company Calendar

Last Earnings
11/03/2022
Today
12/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Metalworking machinery & equipment
Sub-Industry
N/A
Previous Symbol
NASDAQ:SPXC
Employees
3,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$72.00
High Stock Price Forecast
$72.00
Low Stock Price Forecast
$72.00
Forecasted Upside/Downside
+6.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$425.40 million
Pretax Margin
3.80%

Debt

Sales & Book Value

Annual Sales
$1.22 billion
Cash Flow
$3.51 per share
Book Value
$24.29 per share

Miscellaneous

Free Float
43,515,000
Market Cap
$3.05 billion
Optionable
Optionable
Beta
1.19

Key Executives

  • Mr. Eugene Joseph Lowe III (Age 54)
    Pres, CEO & Director
    Comp: $2.18M
  • Mr. J. Randall Data (Age 56)
    Pres of South Africa & Global Operations
    Comp: $971.48k
  • Mr. John Webster Nurkin (Age 52)
    VP, Gen. Counsel & Sec.
    Comp: $722.72k
  • Mr. John William Swann IIIMr. John William Swann III (Age 51)
    Pres of Heating, Location & Inspection
    Comp: $977.43k
  • Mr. Michael A. Reilly (Age 58)
    Interim CFO, Chief Accounting Officer, VP of Fin. & Corp. Controller
  • Mr. Darnell Smith
    Chief Information Officer
  • Mr. Paul Clegg
    VP of Investor Relations & Communications
  • Vivek Dhir
    VP of Global Marketing & Bus. Devel.
  • Ms. NaTausha Heleena WhiteMs. NaTausha Heleena White (Age 50)
    VP & Chief HR Officer
  • Mr. Ross Skelton
    Chief Commercial Officer













SPXC Stock - Frequently Asked Questions

Should I buy or sell SPX Technologies stock right now?

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

1 brokerages have issued 1 year target prices for SPX Technologies' shares. Their SPXC share price forecasts range from $72.00 to $72.00. On average, they anticipate the company's stock price to reach $72.00 in the next year. This suggests a possible upside of 8.7% 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 2022?

SPX Technologies' stock was trading at $59.68 at the beginning of the year. Since then, SPXC shares have increased by 11.0% and is now trading at $66.22.
View the best growth stocks for 2022 here
.

Are investors shorting SPX Technologies?

SPX Technologies saw a decline in short interest in November. As of November 15th, there was short interest totaling 538,100 shares, a decline of 24.9% from the October 31st total of 716,300 shares. Based on an average daily volume of 179,900 shares, the short-interest ratio is currently 3.0 days. Currently, 1.2% of the shares of the stock are short sold.
View SPX Technologies' Short Interest
.

How were SPX Technologies' earnings last quarter?

SPX Technologies, Inc. (NYSE:SPXC) announced its quarterly earnings results on Thursday, November, 3rd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.66 by $0.15. The company earned $370.50 million during the quarter, compared to analysts' expectations of $352 million. SPX Technologies had a trailing twelve-month return on equity of 11.87% and a net margin of 2.45%.

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

SPX Technologies updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $2.85-$2.95 for the period, compared to the consensus EPS estimate of $2.82. The company issued revenue guidance of $1.43 billion-$1.47 billion, compared to the consensus revenue estimate of $1.43 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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.87%), Vanguard Group Inc. (10.57%), State Street Corp (3.62%), Segall Bryant & Hamill LLC (2.72%), Channing Capital Management LLC (2.67%) and Dimensional Fund Advisors LP (2.54%). Insiders that own company stock include Brian G Mason, Brian G Mason, 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 $66.22.

How much money does SPX Technologies make?

SPX Technologies (NYSE:SPXC) has a market capitalization of $2.99 billion and generates $1.22 billion in revenue each year. The company earns $425.40 million in net income (profit) each year or $0.74 on an earnings per share basis.

How many employees does SPX Technologies have?

The company employs 3,100 workers across the globe.

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 12/8/2022 by MarketBeat.com Staff