New Age Alpha Advisors LLC Boosts Holdings in SPX Technologies, Inc. $SPXC

New Age Alpha Advisors LLC boosted its position in SPX Technologies, Inc. (NYSE:SPXC) by 511.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,843 shares of the company’s stock after buying an additional 11,579 shares during the period. New Age Alpha Advisors LLC’s holdings in SPX Technologies were worth $2,769,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPXC. Hazlett Burt & Watson Inc. purchased a new position in SPX Technologies in the 3rd quarter valued at $28,000. Cullen Frost Bankers Inc. boosted its position in shares of SPX Technologies by 52.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Optiver Holding B.V. boosted its position in shares of SPX Technologies by 110.5% during the 3rd quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock worth $30,000 after purchasing an additional 84 shares in the last quarter. Ares Financial Consulting LLC purchased a new stake in shares of SPX Technologies during the 4th quarter worth $37,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of SPX Technologies during the 4th quarter worth $40,000. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

SPX Technologies Price Performance

SPX Technologies stock opened at $218.90 on Wednesday. SPX Technologies, Inc. has a 52 week low of $150.49 and a 52 week high of $246.68. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28. The firm’s 50-day simple moving average is $207.56 and its 200 day simple moving average is $212.72. The firm has a market capitalization of $10.98 billion, a PE ratio of 42.84, a P/E/G ratio of 1.53 and a beta of 1.31.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.69 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $557.62 million. During the same period in the previous year, the firm earned $1.38 EPS. The business’s revenue for the quarter 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. On average, equities research analysts predict that SPX Technologies, Inc. will post 7.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $280.00 in a research report on Friday, February 13th. BMO Capital Markets assumed coverage on shares of SPX Technologies in a research report on Friday, March 27th. They set an “outperform” rating and a $243.00 target price on the stock. 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 research report on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.44.

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.