Regency Capital Management Inc. DE Acquires Shares of 1,608 SPX Technologies, Inc. $SPXC

Regency Capital Management Inc. DE acquired a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,608 shares of the company’s stock, valued at approximately $270,000.

A number of other large investors also recently bought and sold shares of SPXC. Nuveen LLC bought a new stake in SPX Technologies during the 1st quarter valued at $88,852,000. Champlain Investment Partners LLC bought a new stake in SPX Technologies during the first quarter valued at about $52,699,000. Van Berkom & Associates Inc. grew its stake in SPX Technologies by 3,195.9% in the first quarter. Van Berkom & Associates Inc. now owns 368,024 shares of the company’s stock valued at $47,394,000 after purchasing an additional 356,858 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in SPX Technologies by 154.1% in the first quarter. Assenagon Asset Management S.A. now owns 189,919 shares of the company’s stock worth $24,458,000 after purchasing an additional 115,187 shares in the last quarter. Finally, Channing Capital Management LLC lifted its position in shares of SPX Technologies by 35.3% during the first quarter. Channing Capital Management LLC now owns 415,393 shares of the company’s stock valued at $53,494,000 after buying an additional 108,329 shares during the last quarter. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Up 0.7%

SPXC stock opened at $191.17 on Tuesday. The company has a market capitalization of $8.94 billion, a P/E ratio of 42.96, a price-to-earnings-growth ratio of 1.62 and a beta of 1.37. SPX Technologies, Inc. has a 12 month low of $115.00 and a 12 month high of $209.38. The firm’s fifty day simple moving average is $189.13 and its 200-day simple moving average is $164.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.97 and a quick ratio of 1.28.

SPX Technologies (NYSE:SPXC) last posted its earnings results on Thursday, July 31st. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.20. SPX Technologies had a net margin of 10.27% and a return on equity of 19.59%. The company had revenue of $552.40 million during the quarter, compared to the consensus estimate of $546.03 million. During the same period in the previous year, the firm posted $1.42 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. SPX Technologies has set its FY 2025 guidance at 6.350-6.650 EPS. As a group, equities research analysts forecast that SPX Technologies, Inc. will post 5.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of SPX Technologies in a research note on Saturday, September 27th. UBS Group upped their price target on SPX Technologies from $182.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Wall Street Zen cut SPX Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Oppenheimer upped their target price on SPX Technologies from $170.00 to $197.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, SPX Technologies currently has an average rating of “Buy” and an average target price of $195.20.

SPX Technologies Company Profile

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. 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, heating, and ventilation products for the residential and commercial markets.