10,200 Shares in SPX Technologies, Inc. $SPXC Purchased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board acquired a new position in shares of SPX Technologies, Inc. (NYSE:SPXC) in the fourth quarter, HoldingsChannel reports. The firm acquired 10,200 shares of the company’s stock, valued at approximately $2,041,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPXC. Invesco Ltd. increased its position in SPX Technologies by 62.4% during the 3rd quarter. Invesco Ltd. now owns 1,879,216 shares of the company’s stock worth $351,000,000 after purchasing an additional 722,039 shares in the last quarter. Norges Bank purchased a new stake in SPX Technologies during the 4th quarter worth about $123,721,000. Vanguard Group Inc. increased its position in SPX Technologies by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,298,472 shares of the company’s stock worth $989,649,000 after purchasing an additional 232,436 shares in the last quarter. AustralianSuper Pty Ltd purchased a new stake in SPX Technologies during the 3rd quarter worth about $41,092,000. Finally, GW&K Investment Management LLC increased its position in SPX Technologies by 41.0% during the 3rd quarter. GW&K Investment Management LLC now owns 550,597 shares of the company’s stock worth $102,842,000 after purchasing an additional 160,162 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on SPXC shares. Truist Financial lifted their price target on SPX Technologies from $251.00 to $261.00 and gave the company a “buy” rating in a report on Monday, May 4th. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a report on Friday, May 1st. Oppenheimer lifted their price target on SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Bank of America upgraded SPX Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $240.00 to $280.00 in a report on Friday, February 13th. Finally, BMO Capital Markets started coverage on SPX Technologies in a report on Friday, March 27th. They issued an “outperform” rating and a $243.00 price target for the company. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $249.44.

SPX Technologies Stock Performance

NYSE SPXC opened at $221.66 on Tuesday. The firm has a market capitalization of $11.10 billion, a P/E ratio of 43.38, a P/E/G ratio of 1.59 and a beta of 1.31. SPX Technologies, Inc. has a 1-year low of $150.81 and a 1-year high of $246.68. 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 business’s 50-day simple moving average is $208.67 and its 200-day simple moving average is $212.59.

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

About SPX Technologies

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.