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NYSE:SPXC

SPX Technologies (SPXC) Stock Price, News & Analysis

SPX Technologies logo
$143.55 +0.34 (+0.24%)
(As of 12/20/2024 05:40 PM ET)

About SPX Technologies Stock (NYSE:SPXC)

Key Stats

Today's Range
$140.29
$147.04
50-Day Range
$142.79
$181.56
52-Week Range
$95.00
$183.83
Volume
771,925 shs
Average Volume
252,866 shs
Market Capitalization
$6.65 billion
P/E Ratio
38.59
Dividend Yield
N/A
Price Target
$164.00
Consensus Rating
Hold

Company Overview

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. It offers its products under the Marley, Recold, SGS, Cincinnati Fan, TAMCO, Ingénia, Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, Williamson-Thermoflo, INDEECO, Heatrex, AccuTherm, Brasch, Spectrum, BannerDay PipeHeating, and Solar Products brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, and robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Riser Bond, Cues, ULC Robotics, and Sensors & Software brands; transportation systems under the Genfare brand; communication technologies products under the TCI and ECS brands; and obstruction lighting products under the Flash Technology, ITL, Sabik Marine, Sealite, and Avlite brands. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers, as well as direct to customers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina.

SPX Technologies Stock Analysis - MarketRank™

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52nd Percentile Overall Score

SPXC MarketRank™: 

SPX Technologies scored higher than 52% of companies evaluated by MarketBeat, and ranked 166th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    SPX Technologies has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    SPX Technologies has only been the subject of 2 research reports in the past 90 days.

  • Read more about SPX Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for SPX Technologies are expected to grow by 10.43% in the coming year, from $5.56 to $6.14 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of SPX Technologies is 38.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.04.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of SPX Technologies is 38.59, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 27.79.

  • Price to Earnings Growth Ratio

    SPX Technologies has a PEG Ratio of 1.55. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    SPX Technologies has a P/B Ratio of 5.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.60% of the float of SPX Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    SPX Technologies has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in SPX Technologies has recently decreased by 1.70%, indicating that investor sentiment is improving.
  • Dividend Yield

    SPX Technologies does not currently pay a dividend.

  • Dividend Growth

    SPX Technologies does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.60% of the float of SPX Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    SPX Technologies has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in SPX Technologies has recently decreased by 1.70%, indicating that investor sentiment is improving.
  • News Sentiment

    SPX Technologies has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for SPX Technologies this week, compared to 5 articles on an average week.
  • MarketBeat Follows

    3 people have added SPX Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, SPX Technologies insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 3.53% of the stock of SPX Technologies is held by insiders.

  • Percentage Held by Institutions

    92.82% of the stock of SPX Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about SPX Technologies' insider trading history.
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SPXC Stock News Headlines

William Blair Issues Pessimistic Forecast for SPXC Earnings
Q1 Earnings Forecast for SPXC Issued By William Blair
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SPX Technologies: Running Too Hot Here
See More Headlines

SPXC Stock Analysis - Frequently Asked Questions

SPX Technologies' stock was trading at $101.01 at the beginning of the year. Since then, SPXC stock has increased by 42.1% and is now trading at $143.55.
View the best growth stocks for 2024 here
.

SPX Technologies, Inc. (NYSE:SPXC) released its quarterly earnings data on Wednesday, October, 30th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The firm's quarterly revenue was up 7.8% on a year-over-year basis.

SPX Technologies subsidiaries include these companies: International Tower Lighting LLC, Cincinnati Fan, Enterprise Control Systems, Sealite, Sensors & Software Inc., ULC Robotics, Patterson-Kelley LLC, and others.

Top institutional shareholders of SPX Technologies include State Street Corp (3.73%), Geode Capital Management LLC (2.23%), Janus Henderson Group PLC (1.50%) and FMR LLC (1.43%). Insiders that own company stock include Eugene Joseph Lowe III, John Webster Nurkin, John William Swann III, J Randall Data and Natausha Heleena White.
View institutional ownership trends
.

Shares of SPXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that SPX Technologies investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), ServiceNow (NOW) and e.l.f. Beauty (ELF).

Company Calendar

Last Earnings
10/30/2024
Today
12/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metalworking machinery & equipment
Sub-Industry
Machinery
Previous Symbol
NASDAQ:SPXC
Employees
4,100
Year Founded
1912

Price Target and Rating

Average Stock Price Target
$164.00
High Stock Price Target
$199.00
Low Stock Price Target
$140.00
Potential Upside/Downside
+14.2%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$89.90 million
Pretax Margin
11.42%

Debt

Sales & Book Value

Annual Sales
$1.92 billion
Cash Flow
$5.34 per share
Book Value
$26.17 per share

Miscellaneous

Free Float
44,723,000
Market Cap
$6.65 billion
Optionable
Optionable
Beta
1.26

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This page (NYSE:SPXC) was last updated on 12/21/2024 by MarketBeat.com Staff
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