William Blair Has Negative Estimate for SPXC Q1 Earnings

SPX Technologies, Inc. (NYSE:SPXC) – Analysts at William Blair lowered their Q1 2025 earnings per share (EPS) estimates for shares of SPX Technologies in a research report issued to clients and investors on Wednesday, February 26th. William Blair analyst R. Sparenblek now expects that the company will post earnings per share of $1.14 for the quarter, down from their previous forecast of $1.41. The consensus estimate for SPX Technologies’ current full-year earnings is $5.57 per share.

Several other research firms also recently weighed in on SPXC. Oppenheimer raised SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price objective on the stock in a report on Wednesday. Wolfe Research assumed coverage on SPX Technologies in a report on Monday, November 25th. They set an “outperform” rating and a $199.00 target price on the stock. UBS Group cut their target price on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Sidoti raised SPX Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, SPX Technologies has a consensus rating of “Moderate Buy” and an average target price of $174.75.

SPX Technologies Trading Up 1.1 %

NYSE SPXC opened at $145.55 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. SPX Technologies has a twelve month low of $112.53 and a twelve month high of $183.83. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 39.13, a price-to-earnings-growth ratio of 1.33 and a beta of 1.29. The business’s fifty day moving average is $147.15 and its 200 day moving average is $155.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SPXC. Conestoga Capital Advisors LLC lifted its stake in shares of SPX Technologies by 74.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 627,260 shares of the company’s stock valued at $100,023,000 after purchasing an additional 267,965 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of SPX Technologies by 247.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 501 shares of the company’s stock valued at $80,000 after purchasing an additional 357 shares during the period. Emerald Mutual Fund Advisers Trust lifted its stake in shares of SPX Technologies by 30.1% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 97,982 shares of the company’s stock valued at $15,624,000 after purchasing an additional 22,645 shares during the period. Emerald Advisers LLC lifted its stake in shares of SPX Technologies by 40.6% in the 3rd quarter. Emerald Advisers LLC now owns 132,051 shares of the company’s stock valued at $21,057,000 after purchasing an additional 38,161 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of SPX Technologies by 4.7% in the 3rd quarter. Assetmark Inc. now owns 1,745 shares of the company’s stock valued at $278,000 after purchasing an additional 78 shares during the period. 92.82% of the stock is owned by institutional investors and hedge funds.

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.