Virtu Financial LLC Takes $3.80 Million Position in SPX Technologies, Inc. $SPXC

Virtu Financial LLC bought a new stake in SPX Technologies, Inc. (NYSE:SPXC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,981 shares of the company’s stock, valued at approximately $3,797,000.

Other institutional investors have also added to or reduced their stakes in the company. Optiver Holding B.V. lifted its stake in shares of SPX Technologies by 110.5% in the third quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock valued at $30,000 after buying an additional 84 shares in the last quarter. Ares Financial Consulting LLC bought a new position in shares of SPX Technologies in the fourth quarter valued at approximately $37,000. Flagship Harbor Advisors LLC bought a new position in shares of SPX Technologies in the fourth quarter valued at approximately $40,000. Sound Income Strategies LLC purchased a new stake in shares of SPX Technologies during the fourth quarter valued at approximately $45,000. Finally, Hazlett Burt & Watson Inc. increased its position in shares of SPX Technologies by 56.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock valued at $47,000 after acquiring an additional 85 shares during the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

SPX Technologies Stock Up 3.3%

SPXC stock opened at $243.16 on Friday. The stock has a 50-day simple moving average of $217.89 and a two-hundred day simple moving average of $214.61. SPX Technologies, Inc. has a twelve month low of $153.79 and a twelve month high of $246.68. The firm has a market capitalization of $12.17 billion, a PE ratio of 47.58, a PEG ratio of 1.73 and a beta of 1.28. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The firm had revenue of $566.80 million for the quarter, compared to the consensus estimate of $557.62 million. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. On average, equities analysts predict that SPX Technologies, Inc. will post 7.98 EPS for the current fiscal year.

Analyst Ratings Changes

SPXC has been the topic of several research analyst reports. Wall Street Zen cut SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. B. Riley Financial reaffirmed a “buy” rating on shares of SPX Technologies in a research report on Friday, May 1st. Wells Fargo & Company lifted their target price on SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. BMO Capital Markets assumed coverage on shares of SPX Technologies in a research report on Friday, March 27th. They set an “outperform” rating and a $243.00 price target for the company. Finally, Oppenheimer raised their price objective on shares of SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Nine investment 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 has an average rating of “Moderate Buy” and an average price target of $249.44.

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.