Fox Run Management L.L.C. Makes New Investment in SPX Technologies, Inc. $SPXC

Fox Run Management L.L.C. purchased a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,947 shares of the company’s stock, valued at approximately $737,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Optiver Holding B.V. increased its position 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 buying an additional 84 shares during the last quarter. Waratah Capital Advisors Ltd. acquired a new position in shares of SPX Technologies during the 3rd quarter valued at about $6,708,000. Vestmark Advisory Solutions Inc. bought a new position in shares of SPX Technologies in the 3rd quarter valued at approximately $205,000. OneDigital Investment Advisors LLC bought a new position in shares of SPX Technologies in the 3rd quarter valued at approximately $371,000. Finally, Intrust Bank NA lifted its holdings in SPX Technologies by 4.8% in the 3rd quarter. Intrust Bank NA now owns 1,602 shares of the company’s stock worth $299,000 after purchasing an additional 74 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

Analysts Set New Price Targets

SPXC has been the topic of several analyst reports. TD Cowen reiterated a “hold” rating on shares of SPX Technologies in a report on Tuesday, January 6th. Wall Street Zen upgraded shares of SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. B. Riley Financial reissued a “buy” rating and set a $244.00 target price (up from $225.00) on shares of SPX Technologies in a research report on Wednesday, December 10th. Weiss Ratings restated a “buy (b)” rating on shares of SPX Technologies in a report on Monday, December 29th. Finally, Bank of America upgraded SPX Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $280.00 in a research note on Friday, February 13th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $249.29.

Insider Activity at SPX Technologies

In other news, insider J Randall Data sold 12,000 shares of SPX Technologies stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $215.37, for a total transaction of $2,584,440.00. Following the sale, the insider owned 38,020 shares of the company’s stock, valued at approximately $8,188,367.40. This trade represents a 23.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.32% of the company’s stock.

SPX Technologies Price Performance

Shares of SPX Technologies stock opened at $227.00 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.48 and a quick ratio of 1.70. The company has a market cap of $11.32 billion, a PE ratio of 45.31, a price-to-earnings-growth ratio of 1.59 and a beta of 1.32. The firm has a fifty day moving average price of $218.13 and a two-hundred day moving average price of $204.85. SPX Technologies, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $246.68.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. SPX Technologies had a net margin of 10.77% and a return on equity of 17.82%. The company had revenue of $637.30 million for the quarter, compared to the consensus estimate of $625.98 million. During the same quarter in the previous year, the firm posted $1.51 EPS. The business’s revenue was up 19.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. Analysts expect that SPX Technologies, Inc. will post 5.57 EPS for the current 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.