Oppenheimer Forecasts Strong Price Appreciation for SPX Technologies (NYSE:SPXC) Stock

SPX Technologies (NYSE:SPXC) had its price target boosted by equities researchers at Oppenheimer from $240.00 to $272.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 17.42% from the stock’s current price.

SPXC has been the subject of several other research reports. Bank of America raised shares of SPX Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $240.00 to $280.00 in a research note on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of SPX Technologies in a report on Monday, December 29th. Truist Financial boosted their price target on shares of SPX Technologies from $215.00 to $216.00 and gave the stock a “hold” rating in a research note on Thursday, December 18th. Wall Street Zen raised SPX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, TD Cowen reiterated a “hold” rating on shares of SPX Technologies in a research note on Tuesday, January 6th. Six investment 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, SPX Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $249.29.

SPX Technologies Trading Up 2.2%

Shares of NYSE SPXC opened at $231.65 on Wednesday. The company has a current ratio of 2.48, a quick ratio of 1.70 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $11.55 billion, a PE ratio of 46.24, a PEG ratio of 1.56 and a beta of 1.32. SPX Technologies has a twelve month low of $115.00 and a twelve month high of $246.68. The stock has a fifty day simple moving average of $217.66 and a 200-day simple moving average of $204.67.

SPX Technologies (NYSE:SPXC) last announced its earnings results on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $637.30 million during the quarter, compared to analysts’ expectations of $625.98 million. SPX Technologies had a return on equity of 17.82% and a net margin of 10.77%.SPX Technologies’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the business posted $1.51 EPS. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. On average, equities analysts forecast that SPX Technologies will post 5.57 earnings per share for the current year.

Insider Buying and Selling at SPX Technologies

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

Institutional Trading of SPX Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hazlett Burt & Watson Inc. acquired a new position in shares of SPX Technologies during the 3rd quarter worth about $28,000. Cullen Frost Bankers Inc. raised its position in shares of SPX Technologies by 52.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock worth $29,000 after acquiring an additional 54 shares in the last quarter. Optiver Holding B.V. raised its position in shares of SPX Technologies by 110.5% during the 3rd quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock worth $30,000 after acquiring an additional 84 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in SPX Technologies during the second quarter worth approximately $31,000. Finally, Financial Consulate Inc. acquired a new position in SPX Technologies in the third quarter valued at approximately $34,000. 92.82% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting SPX Technologies

Here are the key news stories impacting SPX Technologies this week:

• Positive Sentiment: Q4 results and guidance: SPX beat revenue and EPS estimates for Q4 (revenue growth ~19% YoY; EPS $1.88 vs. $1.86 consensus) and reiterated/issued FY26 guidance in a range that implies continued earnings growth — a key driver of the rally. Q4 Earnings Call Summary
• Positive Sentiment: Analyst upward revisions: Several brokers raised targets and maintained positive stances — Oppenheimer to $272 (outperform), Wells Fargo to $270 (overweight), Truist to $244 (hold) — signaling stronger sell-side conviction on the company’s growth trajectory. Benzinga coverage
• Neutral Sentiment: Additional coverage and detail: Earnings call transcript and write-ups add context on segment performance, margin drivers and deals that management highlighted; useful for assessing sustainment of growth. Earnings Call Transcript
• Neutral Sentiment: Analyst note/deep-dive: A sector/stock piece outlines growth opportunities and expectations — valuable for longer-term thesis but less directly market-moving than the results and target changes. Seeking Alpha piece
• Negative Sentiment: Rising short interest: Short interest jumped ~20.7% in February to ~976k shares (about 2.0% of float), which can increase volatility and indicates some investor skepticism. (Data summary provided in news feed.)
• Negative Sentiment: Coverage noting a pullback: Several articles explain why shares fell recently (one cites an ~8.8% drop), reflecting profit-taking or concerns that briefly offset the positive headline results. AAII article Yahoo explanation

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.