SPX Technologies has beaten earnings estimates in 3 of the last 4 quarters with average surprise of 9.1%, holds a wide economic moat and perfect Piotroski score of 9 out of 9, and is in a golden cross breakout pattern — but the stock has exceeded its analyst price target and the asymmetry is marginally negative, limiting the entry case for new buyers.
Thesis pillars
- Wide Moat Piotroski Perfect→Stable
- Consistent Earnings Beat Track Record↑Improving
- Hvac Us Concentration Risk↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 25, 2026
SPX Technologies, Inc. (SPXC) Stock Analysis
Recovery setup
Industrials · Building Products & Equipment
Hold if already holding. Not a fresh buy at $167.26, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: United States (80.0%); Concentration risk — Product: HVAC segment.
SPX Technologies engineers and manufactures specialized products across two segments—HVAC solutions and detection and measurement equipment—serving industrial, institutional, commercial, and residential markets in 16 countries. The HVAC segment generated $1.52 billion in 2025... Read more
Hold if already holding. Not a fresh buy at $167.26, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: United States (80.0%); Concentration risk — Product: HVAC segment. Chart setup: Death cross but MACD improving, RSI 47. Maintain position. Not compelling to add more. Score 6.7/10, moderate confidence.
Passes 7/8 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Suitability: moderate.
About SPX Technologies, Inc.
About SPX Technologies, Inc.
SPX Technologies generated $2.27 billion in combined 2025 segment revenues—HVAC at $1.52 billion and Detection and Measurement at $746.9 million—operating in 16 countries with approximately 4,700 employees. The HVAC backlog reached $584.5 million at December 31, 2025, with 83% expected to convert to revenue in 2026. Approximately 80% of revenues were generated inside the United States, and no single customer exceeded 10% of consolidated revenues.
HVAC segment revenue comes from package and process cooling, engineered air handling, and hydronic and electrical heating products sold through direct sales, independent manufacturing representatives, distributors, and retailers under brands including Marley, Weil-McLain, Patterson-Kelley, Air Enterprises, and Ingénia. Detection and Measurement earns revenue from underground pipe and cable locators (Radiodetection, Pearpoint, Schonstedt), robotic inspection equipment (Cues, ULC Robotics), transportation systems (Genfare), and aids-to-navigation products (Sealite, Flash Technology, Avlite). International revenues grew from $343.1 million in 2024 to $452.5 million in 2025. Key raw material inputs include steel, aluminum, oil, and copper; SPX has generally been able to offset price increases through product pricing, though long-term supplier contracts may reduce this flexibility. Six domestic collective bargaining agreements cover approximately 480 employees.
Show full overview
SPX Technologies completed five acquisitions between January 2025 and February 2026, with Crawford United Corporation's Industrial and Transportation Products businesses—serving aerospace, defense, transportation, and marine markets—classified as non-core assets held for sale, targeting disposal within twelve months of the February 2026 close. The 10-K cautions that suitable buyers may not be identified on attractive terms, and any failure to divest could divert significant resources and dilute earnings. Manufacturing footprint expansions across the combined business face risk from permit delays, contractor disruptions, and cost inflation that could reduce returns on invested capital below anticipated levels.
See also: Industrials · Building Products & Equipment
From SPX Technologies, Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-10-30Recent Developments — SPX Technologies, Inc.
Latest news
- NEWS What To Expect From SPX Technologies’s (SPXC) Q2 Earnings - Yahoo Finance — Yahoo Finance neutral
- NEWS What To Expect From SPX Technologies’s (SPXC) Q2 Earnings - finance.yahoo.com — finance.yahoo.com neutral
- NEWS What Could SPX Technologies (NYSE:SPXC) Reveal in Its Q2 Results? - Kalkine Media — Kalkine Media neutral
- NEWS What To Expect From SPX Technologies’s (SPXC) Q2 Earnings - StockStory — StockStory neutral
- NEWS What To Expect From SPX Technologies’s (SPXC) Q2 Earnings - TradingView — TradingView neutral
Generated 2026-10-30T10:27:55Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicUnited States80%10-K Item 1A: 'approximately 80% of our revenues were generated inside the United States'
- HIGHProductHVAC segment10-K Item 1: 'Our HVAC reportable segment had revenues of $1,518.2'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Analyst Consensus
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $167.26, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: United States (80.0%); Concentration risk — Product: HVAC segment. Chart setup: Death cross but MACD improving, RSI 47. Maintain position. Not compelling to add more. Analyst target $218.10 (+30.4%), stop $156.84 (−6.6%), A.R:R 4.5:1. Score 6.7/10, moderate confidence.
Analyst target: $218.10 (+30.4% upside). Analyst target $218.10 (+30.4%), stop $156.84 (−6.6%), A.R:R 4.5:1. Stop-loss: $156.84.
Concentration risk — Geographic: United States (80.0%); Concentration risk — Product: HVAC segment; Sector modifier (Industrials): -0.7.
SPX Technologies, Inc. trades at a P/E of 29.5 (forward 17.4). TrendMatrix value score: 6.6/10. Verdict: Hold.
20 analysts cover SPXC with a consensus score of 4.2/5. Average price target: $251.
What does SPX Technologies, Inc. do?SPX Technologies engineers and manufactures specialized products across two segments—HVAC solutions and detection and...
SPX Technologies engineers and manufactures specialized products across two segments—HVAC solutions and detection and measurement equipment—serving industrial, institutional, commercial, and residential markets in 16 countries. The HVAC segment generated $1.52 billion in 2025 and Detection and Measurement $746.9 million, with no single customer exceeding 10% of consolidated revenues. The company employs approximately 4,700 people and has been actively expanding through acquisitions.