B of A Securities has initiated coverage on SPX Technologies Inc (SPXC) with a Neutral rating, marking the firm's first assessment of the company. This evaluation is based on research into SPX's business operations, industry dynamics, and growth prospects.
SPX Technologies, headquartered in Charlotte, North Carolina, operates within the machinery industry and employs approximately 4,300 full-time staff. The company specializes in infrastructure equipment, offering solutions across two main segments: HVAC and Detection and Measurement. The HVAC segment provides engineered air movement and handling solutions for a variety of markets, including industrial, commercial, and residential sectors. Meanwhile, the Detection and Measurement segment focuses on advanced technologies such as underground pipe and cable locators and robotic systems.
As of October 7, 2025, SPXC's stock is priced at $205.41, with a market capitalization of $10.2 billion. The company's trailing twelve-month (TTM) price-to-earnings (P/E) ratio stands at 45.55, and its TTM earnings per share (EPS) is $4.68. Upcoming earnings reports are anticipated, with estimates of $1.92 EPS and $615.6 million in revenue for July 29, 2026, and $1.63 EPS with $561.5 million in revenue for April 29, 2026.
Analyst ratings serve as professional evaluations based on financial models and market research. While they can provide insights, these assessments are contingent on various assumptions that may not always hold true. Investors should consider a range of factors, including company fundamentals and market conditions, in their decision-making processes. Analyst opinions can evolve as new information becomes available, highlighting the importance of ongoing evaluation in investment strategies.