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SPX Technologies shares drop 40%, now trading at attractive 19x earnings amid solid HVAC growth and strategic acquisitions.

Analyst Insights
02 Nov 2026, 20:12 WIB
Seeking Alpha
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Bullish
SPX Technologies shares drop 40%, now trading at attractive 19x earnings amid solid HVAC growth and strategic acquisitions.

SPX Technologies' shares have fallen nearly 40% from their peak, now trading at a more attractive 19 times earnings. The company saw strong 20.5% sales growth in its HVAC segment during Q3, though profitability was pressured by input costs and margin challenges. Despite this, the organic backlog remains strong. SPX has actively allocated capital, spending $1.2 billion on four strategic acquisitions at reasonable multiples, maintaining manageable leverage at 2 times EBITDA. The current valuation aligns with the broader market, making further dips potential buying opportunities given the company's solid fundamentals.

SPX Technologies shares are the subject, with Pluang's Industrials sector data providing market context. Of 135 Industrials stocks on Pluang, 100 rose and 35 fell today. Notable movers include JBLU at USD 3.13 with a +10.00% change, UPWK at USD 9.96 with +8.85%, and QXO at USD 11.90 with +7.79%, as of Nov 02, 2026 23:21 WIB.

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