Aigen Investment Management LP Purchases Shares of 5,941 SPX Technologies, Inc. $SPXC

Aigen Investment Management LP purchased a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 5,941 shares of the company’s stock, valued at approximately $1,189,000.

Other large investors have also added to or reduced their stakes in the company. Optiver Holding B.V. lifted its holdings in shares of SPX Technologies by 110.5% in 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 in the last quarter. Ares Financial Consulting LLC purchased a new position in shares of SPX Technologies in the fourth quarter worth $37,000. Flagship Harbor Advisors LLC purchased a new position in shares of SPX Technologies in the fourth quarter worth $40,000. Sound Income Strategies LLC purchased a new position in shares of SPX Technologies in the fourth quarter worth $45,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of SPX Technologies by 56.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock worth $47,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.

SPX Technologies Trading Down 1.4%

SPXC stock opened at $230.21 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28. SPX Technologies, Inc. has a twelve month low of $152.79 and a twelve month high of $246.68. The stock has a market capitalization of $11.52 billion, a price-to-earnings ratio of 45.05, a price-to-earnings-growth ratio of 1.69 and a beta of 1.28. The firm’s fifty day simple moving average is $214.60 and its two-hundred day simple moving average is $213.98.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on SPXC. Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Wells Fargo & Company boosted their target price on shares of SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. B. Riley Financial reissued a “buy” rating on shares of SPX Technologies in a report on Friday, May 1st. Oppenheimer boosted their target price on shares of SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, Truist Financial boosted their target price on shares of SPX Technologies from $251.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.44.

SPX Technologies 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.