Key Points
- Insider sale: J Randall Data sold 12,000 shares at an average price of $215.37 on Dec. 11 for $2,584,440, cutting their ownership by 23.99% to 38,020 shares (worth ~ $8.19M).
- Earnings & guidance: SPX beat expectations with Q results of $1.84 EPS (vs. $1.60 est.) and $592.8M revenue (up 22.6% y/y) and set FY2025 guidance of 6.650–6.800 EPS.
- Market and analyst view: Shares opened at $217.78 (12‑month range $115.00–$233.71), market cap $10.85B and P/E 46.63, with a consensus “Moderate Buy” and average price target of $213.14 (six Buys, three Holds).
SPX Technologies, Inc. (NYSE:SPXC - Get Free Report) insider J Randall Data sold 12,000 shares of the firm's stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $215.37, for a total value of $2,584,440.00. Following the completion of the transaction, the insider owned 38,020 shares of the company's stock, valued at approximately $8,188,367.40. The trade was a 23.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
SPX Technologies Stock Performance
Shares of NYSE SPXC opened at $217.78 on Tuesday. The company has a 50 day simple moving average of $205.02 and a two-hundred day simple moving average of $187.95. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 2.07 and a beta of 1.32. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.23. SPX Technologies, Inc. has a 12 month low of $115.00 and a 12 month high of $233.71.
SPX Technologies (NYSE:SPXC - Get Free Report) last issued its earnings results on Thursday, October 30th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.24. The firm had revenue of $592.80 million during the quarter, compared to analysts' expectations of $574.32 million. SPX Technologies had a net margin of 10.33% and a return on equity of 18.68%. The firm's revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 earnings per share. SPX Technologies has set its FY 2025 guidance at 6.650-6.800 EPS. As a group, analysts predict that SPX Technologies, Inc. will post 5.57 earnings per share for the current year.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. TD Cowen began coverage on SPX Technologies in a research report on Monday, November 10th. They set a "hold" rating and a $225.00 price target for the company. Wells Fargo & Company assumed coverage on shares of SPX Technologies in a research note on Tuesday, October 14th. They issued an "overweight" rating and a $205.00 target price for the company. Wall Street Zen upgraded shares of SPX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, November 8th. Truist Financial began coverage on shares of SPX Technologies in a report on Monday, October 20th. They issued a "hold" rating and a $209.00 price objective for the company. Finally, Bank of America initiated coverage on shares of SPX Technologies in a research note on Wednesday, October 8th. They set a "neutral" rating and a $202.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $213.14.
Read Our Latest Report on SPXC
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Hazlett Burt & Watson Inc. purchased a new position in SPX Technologies in the 3rd quarter valued at about $28,000. Cullen Frost Bankers Inc. raised its holdings in shares of SPX Technologies by 52.9% during the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company's stock valued at $29,000 after acquiring an additional 54 shares during the last quarter. Optiver Holding B.V. raised its holdings in shares of SPX Technologies by 110.5% during the third quarter. Optiver Holding B.V. now owns 160 shares of the company's stock valued at $30,000 after acquiring an additional 84 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of SPX Technologies in the second quarter valued at approximately $31,000. Finally, Financial Consulate Inc. acquired a new stake in shares of SPX Technologies in the third quarter worth approximately $34,000. Institutional investors and hedge funds own 92.82% of the company's stock.
SPX Technologies Company Profile
(
Get Free Report)
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.
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