SPX TECHNOLOGIES, INC.
In the published model solve dated 2026-Q2, anchored at $214.95, SPX TECHNOLOGIES, INC. (SPXC) is priced for today's economics sustained for ~8.0 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• SPX Technologies is riding data-center cooling demand with an HVAC backlog of $755 million, up 38% organically, and a 2026 data-center revenue target raised from $200 million to $350 million [Source: Q1 2026 earnings call, April 30, 2026]. • The concentrated risk is that the price already assumes the boom persists: at about 34 times operating income the market needs roughly a decade of ceiling-rate profit growth, while the filing notes many businesses ⟦"derive revenues from large projects or k
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463 institutional managers reported holding SPXC in 13F filings for the quarter ended 2026-03-31. Together they hold about 84% of the company; the top 10 hold 39%. 59 opened new positions that quarter. Held by BlackRock, Invesco, State Street, among others. On the short side, 1.8M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (2.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SPXC's share count grew 10.3% over the past five years even with $33.70M spent on repurchases. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at SPXC over the trailing three years. Absence is a fact about the company, not a signal. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SPXC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | +5.1% | -4.5% |
| 2023-11-04 | +1.9% | +17.2% |
| 2024-02-24 | -0.9% | +11.9% |
| 2024-05-04 | +7.5% | +9.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SPXC's latest 8-K filings: 2026-07-30 (items 2.02, 9.01); 2026-07-27 (items 5.02, 9.01); 2026-06-22 (items 5.02); 2026-05-12 (items 5.07); 2026-04-30 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.