Louisiana State Employees Retirement System Purchases Shares of 14,400 SPX Technologies, Inc. $SPXC

Louisiana State Employees Retirement System bought a new position in SPX Technologies, Inc. (NYSE:SPXC) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,400 shares of the company’s stock, valued at approximately $2,879,000.

A number of other institutional investors have also recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in SPX Technologies by 46.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock worth $14,854,000 after acquiring an additional 23,439 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of SPX Technologies in the 3rd quarter worth about $4,626,000. Interval Partners LP acquired a new stake in shares of SPX Technologies during the 3rd quarter worth about $7,452,000. Goelzer Investment Management Inc. acquired a new stake in shares of SPX Technologies during the 4th quarter worth about $720,000. Finally, Moore Capital Management LP bought a new position in SPX Technologies during the 3rd quarter valued at about $12,683,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

Analysts Set New Price Targets

SPXC has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. B. Riley Financial reiterated a “buy” rating on shares of SPX Technologies in a research note on Friday, May 1st. Truist Financial boosted their target price on SPX Technologies from $251.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, May 4th. JPMorgan Chase & Co. increased their price target on SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company raised their price target on SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.44.

SPX Technologies Trading Down 0.1%

NYSE SPXC opened at $231.65 on Monday. SPX Technologies, Inc. has a 12 month low of $165.15 and a 12 month high of $251.08. The stock has a 50-day simple moving average of $220.53 and a 200 day simple moving average of $215.95. The company has a current ratio of 2.11, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $11.60 billion, a PE ratio of 45.33, a P/E/G ratio of 1.70 and a beta of 1.28.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The company had revenue of $566.80 million during the quarter, compared to analysts’ expectations of $557.62 million. During the same period in the prior year, the business posted $1.38 EPS. SPX Technologies’s revenue was up 17.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Research analysts forecast 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.