8,476 Shares in SPX Technologies, Inc. $SPXC Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,476 shares of the company’s stock, valued at approximately $2,078,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its position in SPX Technologies by 21.4% during the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. Lido Advisors LLC boosted its stake in shares of SPX Technologies by 1.6% during the 4th quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock worth $586,000 after acquiring an additional 50 shares in the last quarter. Intrust Bank NA boosted its stake in shares of SPX Technologies by 3.6% during the 4th quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock worth $332,000 after acquiring an additional 58 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of SPX Technologies by 4.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,431 shares of the company’s stock valued at $286,000 after acquiring an additional 60 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in shares of SPX Technologies by 7.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 941 shares of the company’s stock valued at $188,000 after purchasing an additional 62 shares in the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SPXC shares. Truist Financial reiterated a “buy” rating and set a $301.00 price target (up from $295.00) on shares of SPX Technologies in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their target price on SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Wells Fargo & Company reissued an “overweight” rating and issued a $250.00 price target on shares of SPX Technologies in a research note on Monday, August 3rd. B. Riley Financial upped their price objective on shares of SPX Technologies from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $280.00 price objective (up from $272.00) on shares of SPX Technologies in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, SPX Technologies has an average rating of “Buy” and an average target price of $266.67.

SPX Technologies Stock Down 3.4%

NYSE SPXC opened at $198.26 on Friday. The business has a fifty day moving average price of $217.60 and a 200 day moving average price of $217.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.21 and a current ratio of 1.82. The company has a market cap of $9.93 billion, a P/E ratio of 35.66, a P/E/G ratio of 1.30 and a beta of 1.27. SPX Technologies, Inc. has a one year low of $179.62 and a one year high of $251.08.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. The firm had revenue of $679.00 million for the quarter, compared to analyst estimates of $640.18 million. SPX Technologies had a net margin of 11.27% and a return on equity of 16.53%. SPX Technologies’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 earnings per share. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. Research analysts anticipate that SPX Technologies, Inc. will post 8.47 EPS for the current fiscal year.

SPX Technologies Company 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.