3,632 Shares in SPX Technologies, Inc. $SPXC Purchased by Securian Asset Management Inc.

Securian Asset Management Inc. purchased a new position in shares of SPX Technologies, Inc. (NYSE:SPXC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,632 shares of the company’s stock, valued at approximately $727,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hazlett Burt & Watson Inc. bought a new position in SPX Technologies during the third quarter worth about $28,000. Cullen Frost Bankers Inc. grew its holdings in SPX Technologies by 52.9% during the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock worth $29,000 after purchasing an additional 54 shares during the period. Optiver Holding B.V. grew its holdings in SPX Technologies by 110.5% during the third quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock worth $30,000 after purchasing an additional 84 shares during the period. Ares Financial Consulting LLC bought a new position in SPX Technologies during the fourth quarter worth about $37,000. Finally, Flagship Harbor Advisors LLC bought a new position in SPX Technologies during the fourth quarter worth about $40,000. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Trading Down 0.3%

Shares of SPXC stock opened at $203.24 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock has a market cap of $10.20 billion, a P/E ratio of 39.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The stock has a 50 day simple moving average of $208.15 and a 200 day simple moving average of $212.91. SPX Technologies, Inc. has a 1 year low of $147.39 and a 1 year high of $246.68.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The business had revenue of $566.80 million during the quarter, compared to analysts’ expectations of $557.62 million. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. On average, research analysts predict that SPX Technologies, Inc. will post 7.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price target on SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. BMO Capital Markets assumed coverage on SPX Technologies in a report on Friday, March 27th. They set an “outperform” rating and a $243.00 price target for the company. Oppenheimer lifted their price target on SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Bank of America upgraded SPX Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $280.00 in a report on Friday, February 13th. Finally, B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.44.

SPX Technologies Profile

SPX Technologies (NYSE:SPXC) is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.

The company’s Detection & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.