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SPX Corp (SPXC)



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Upturn Advisory Summary
04/01/2025: SPXC (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 30.8% | Avg. Invested days 39 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.00B USD | Price to earnings Ratio 30.02 | 1Y Target Price 171.5 |
Price to earnings Ratio 30.02 | 1Y Target Price 171.5 | ||
Volume (30-day avg) 332034 | Beta 1.27 | 52 Weeks Range 116.05 - 183.83 | Updated Date 04/1/2025 |
52 Weeks Range 116.05 - 183.83 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 4.29 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 10.11% | Operating Margin (TTM) 13.49% |
Management Effectiveness
Return on Assets (TTM) 7.7% | Return on Equity (TTM) 15.65% |
Valuation
Trailing PE 30.02 | Forward PE 20.92 | Enterprise Value 6430944273 | Price to Sales(TTM) 3.03 |
Enterprise Value 6430944273 | Price to Sales(TTM) 3.03 | ||
Enterprise Value to Revenue 3.24 | Enterprise Value to EBITDA 16.38 | Shares Outstanding 46382500 | Shares Floating 45084299 |
Shares Outstanding 46382500 | Shares Floating 45084299 | ||
Percent Insiders 3.97 | Percent Institutions 96.79 |
Analyst Ratings
Rating 4 | Target Price 173.6 | Buy - | Strong Buy 3 |
Buy - | Strong Buy 3 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
SPX Corp

Company Overview
History and Background
SPX Corporation was founded in 1912 as Piston Ring Company. Over time, it diversified through acquisitions and divestitures, evolving into a multi-industry manufacturing leader. It focuses on providing infrastructure equipment and technologies.
Core Business Areas
- Detection & Measurement: Provides solutions for locating, assessing, and maintaining critical infrastructure. Includes underground locators, inspection cameras, and cable fault locators. Solutions are utilized in construction, cable television, oil & gas, power, water/wastewater, telecommunications and transportation industries.
- Engineered Solutions: Offers highly engineered solutions for industrial, power generation, and food & beverage markets. Solutions include heat exchangers, mixing systems, and process equipment.
Leadership and Structure
Eugene J. Lowe, III is the President and CEO. SPX Corp has a traditional corporate structure with distinct business segments reporting to a central management team.
Top Products and Market Share
Key Offerings
- Underground Locators: Used to locate buried utilities. Market share data is fragmented across smaller players. Competitors include Radiodetection, Vivax-Metrotech.
- Heat Exchangers: Shell and tube heat exchangers for power generation and industrial applications. Competitors include Alfa Laval, GEA Group.
- Process Equipment: Mixing and drying equipment for food and beverage manufacturers. Competitors include Tetra Pak, GEA Group, and Buhler Group.
Market Dynamics
Industry Overview
The infrastructure equipment market is driven by infrastructure investments, urbanization, and the need for efficient and reliable utilities. The industrial and food and beverage segments benefit from increased manufacturing capacity and demand for processed foods and beverages.
Positioning
SPX Corp holds strong positions in niche markets within its core segments, with a focus on high-engineered solutions and specialized equipment.
Total Addressable Market (TAM)
TAM estimates vary significantly by segment but are collectively in the tens of billions of dollars. SPX is positioned to capture a piece of this through niche applications and high engineered solutions. SPX is positioned at an advantage due to global infrastructure expansion
Upturn SWOT Analysis
Strengths
- Strong brand reputation in niche markets
- Diversified product portfolio
- Established customer relationships
- Focus on high-engineered solutions
Weaknesses
- Reliance on specific industries and markets
- Susceptible to economic cycles
- Can have lower revenue compared to main competitors
- Limited brand recognition in new markets
Opportunities
- Expansion into emerging markets
- Development of new technologies
- Acquisitions of complementary businesses
- Increased infrastructure spending
Threats
- Competition from larger players
- Fluctuations in raw material prices
- Changes in government regulations
- Economic downturns
Competitors and Market Share
Key Competitors
- ROK
- HON
- ITT
Competitive Landscape
SPX Corp competes effectively in niche markets through its focus on high-engineered solutions. However, larger competitors have broader product portfolios and greater financial resources. SPX Corp has a strategic advantage with specialized products but struggles with the breadth that some of its competitors have.
Major Acquisitions
Pneumatic Tool Solutions business of Stanley Black & Decker
- Year: 2023
- Acquisition Price (USD millions): 476
- Strategic Rationale: Expand the portfolio to include tools for niche applications such as the rail and industrial markets.
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends can be assessed from past annual reports and financial statements.
Future Projections: Analyst estimates for future growth can be found on financial news websites.
Recent Initiatives: Recent strategic initiatives can be identified through press releases and investor presentations.
Summary
SPX Corp is a stable company specializing in highly engineered products, which serves as its strength. Its focus on niche markets helps it stand out but also creates limitations in growth due to reliance on specific industries. Monitoring the impact of economic cycles and competition is crucial. Overall, SPX Corp has had a stable growth trajectory with further potential to grow through strategic acquisitions and expansion into emerging markets.
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Sources and Disclaimers
Data Sources:
- Company Website
- Financial News Articles
- Analyst Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPX Corp
Exchange NYSE | Headquaters Charlotte, NC, United States | ||
IPO Launch date 1985-07-01 | President, CEO & Director Mr. Eugene Joseph Lowe III | ||
Sector Industrials | Industry Building Products & Equipment | Full time employees 4300 | Website https://www.spx.com |
Full time employees 4300 | Website https://www.spx.com |
SPX Technologies, Inc. engages in the supply of 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 cooling products and engineered air movement and handling solutions for the HVAC industrial, commercial, data center, and power generation markets, as well as heating and ventilation products for the residential, industrial, and commercial markets. It offers its cooling products under the Marley, Recold, SGS, Cincinnati Fan, TAMCO, and Ingénia names; and heating products under the Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, Williamson-Thermoflo, INDEECO, Heatrex, AccuTherm, Brasch, Spectrum, BannerDay PipeHeating, and Solar Products brands. The Detection and Measurement segment offers underground pipe and cable locators; inspection and rehabilitation equipment; robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Riser Bond, Cues, ULC Robotics, and Sensors & Software brands; transportation systems under the Genfare brand; communication technologies products under the TCI and ECS brand names; and obstruction lighting products under the Flash Technology, ITL, Sabik Marine, Sealite, and Avlite brands. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina
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