William Blair Issues Negative Estimate for SPXC Earnings

SPX Technologies, Inc. (NYSE:SPXC - Free Report) - Equities researchers at William Blair lowered their Q1 2025 EPS estimates for SPX Technologies in a research note issued to investors on Wednesday, February 26th. William Blair analyst R. Sparenblek now forecasts that the company will post earnings per share of $1.14 for the quarter, down from their previous estimate of $1.41. The consensus estimate for SPX Technologies' current full-year earnings is $5.57 per share.

A number of other equities analysts have also recently commented on the company. Wolfe Research assumed coverage on SPX Technologies in a report on Monday, November 25th. They set an "outperform" rating and a $199.00 price target for the company. Sidoti upgraded shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. UBS Group lowered their price objective on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Finally, Oppenheimer raised shares of SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 target price on the stock in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $174.75.

SPX Technologies Price Performance

Shares of SPX Technologies stock traded down $1.13 on Friday, reaching $137.47. 321,460 shares of the stock were exchanged, compared to its average volume of 315,880. The firm's 50 day moving average is $147.01 and its 200-day moving average is $155.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. SPX Technologies has a one year low of $112.53 and a one year high of $183.83. The firm has a market cap of $6.37 billion, a PE ratio of 36.95, a P/E/G ratio of 1.33 and a beta of 1.29.

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Institutional Investors Weigh In On SPX Technologies

A number of institutional investors have recently modified their holdings of SPXC. Allworth Financial LP lifted its holdings in SPX Technologies by 123.3% in the fourth quarter. Allworth Financial LP now owns 163 shares of the company's stock valued at $25,000 after buying an additional 90 shares during the period. Empowered Funds LLC acquired a new position in shares of SPX Technologies in the 4th quarter valued at about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of SPX Technologies by 377.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company's stock valued at $29,000 after purchasing an additional 151 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in SPX Technologies by 2,055.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock worth $28,000 after purchasing an additional 185 shares during the period. Finally, Covestor Ltd lifted its stake in SPX Technologies by 313.8% in the fourth quarter. Covestor Ltd now owns 389 shares of the company's stock valued at $57,000 after buying an additional 295 shares during the period. 92.82% of the stock is owned by institutional investors.

About SPX Technologies

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.