SPX Technologies, Inc. (NYSE:SPXC) Receives $168.50 Consensus Target Price from Analysts

SPX Technologies, Inc. (NYSE:SPXC - Get Free Report) has been given a consensus rating of "Hold" by the five brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $168.50.

SPXC has been the topic of several recent analyst reports. Wolfe Research initiated coverage on shares of SPX Technologies in a report on Monday, November 25th. They issued an "outperform" rating and a $199.00 target price on the stock. Sidoti lowered shares of SPX Technologies from a "buy" rating to a "neutral" rating and decreased their target price for the company from $187.00 to $175.00 in a report on Friday, December 6th. Finally, UBS Group decreased their price objective on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th.

Hedge Funds Weigh In On SPX Technologies

A number of hedge funds have recently made changes to their positions in the stock. Palisades Investment Partners LLC boosted its position in SPX Technologies by 9.9% in the 4th quarter. Palisades Investment Partners LLC now owns 112,097 shares of the company's stock valued at $16,312,000 after buying an additional 10,109 shares during the period. Twinbeech Capital LP purchased a new position in SPX Technologies in the 4th quarter valued at approximately $1,931,000. Two Sigma Investments LP boosted its position in SPX Technologies by 90.8% in the 4th quarter. Two Sigma Investments LP now owns 13,607 shares of the company's stock valued at $1,980,000 after buying an additional 6,475 shares during the period. Tidal Investments LLC boosted its position in SPX Technologies by 10.2% in the 4th quarter. Tidal Investments LLC now owns 3,336 shares of the company's stock valued at $485,000 after buying an additional 310 shares during the period. Finally, Tema Etfs LLC acquired a new stake in shares of SPX Technologies in the 4th quarter valued at $5,933,000. Hedge funds and other institutional investors own 92.82% of the company's stock.

SPX Technologies Price Performance

NYSE SPXC traded down $6.49 during trading hours on Wednesday, hitting $140.18. 315,781 shares of the company's stock traded hands, compared to its average volume of 288,640. SPX Technologies has a 52-week low of $103.11 and a 52-week high of $183.83. The company has a market capitalization of $6.50 billion, a PE ratio of 37.68, a PEG ratio of 1.35 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. The firm's 50-day moving average is $148.06 and its 200-day moving average is $155.56.

SPX Technologies Company Profile

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.