New Age Alpha Advisors LLC Grows Stock Position in SPX Technologies, Inc. $SPXC

New Age Alpha Advisors LLC increased its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 511.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,843 shares of the company’s stock after buying an additional 11,579 shares during the period. New Age Alpha Advisors LLC’s holdings in SPX Technologies were worth $2,769,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in SPX Technologies by 11.2% in the 3rd quarter. Principal Financial Group Inc. now owns 550,863 shares of the company’s stock valued at $102,890,000 after purchasing an additional 55,482 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in SPX Technologies by 46.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock valued at $14,854,000 after purchasing an additional 23,439 shares during the last quarter. Quantbot Technologies LP acquired a new position in SPX Technologies in the 3rd quarter valued at about $4,626,000. Waratah Capital Advisors Ltd. acquired a new position in SPX Technologies in the 3rd quarter valued at about $6,708,000. Finally, Interval Partners LP acquired a new position in SPX Technologies in the 3rd quarter valued at about $7,452,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Trading Up 5.3%

NYSE SPXC opened at $218.90 on Wednesday. SPX Technologies, Inc. has a 12 month low of $150.49 and a 12 month high of $246.68. The company has a 50-day moving average of $207.56 and a 200-day moving average of $212.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.11 and a quick ratio of 1.39. The company has a market cap of $10.98 billion, a P/E ratio of 42.84, a P/E/G ratio of 1.53 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. BMO Capital Markets assumed coverage on shares of SPX Technologies in a research note on Friday, March 27th. They issued an “outperform” rating and a $243.00 target price for the company. B. Riley Financial reissued a “buy” rating on shares of SPX Technologies in a research note on Friday, May 1st. Bank of America raised shares of SPX Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $240.00 to $280.00 in a research note on Friday, February 13th. Finally, Oppenheimer boosted their target price on shares of SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.