Allstate Corp purchased a new stake in V2X, Inc. (NYSE:VVX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 17,038 shares of the company's stock, valued at approximately $1,270,000. Allstate Corp owned about 0.05% of V2X as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in VVX. Royal Bank of Canada raised its position in V2X by 46.6% during the 1st quarter. Royal Bank of Canada now owns 5,813 shares of the company's stock worth $284,000 after purchasing an additional 1,847 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of V2X by 22.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,867 shares of the company's stock valued at $484,000 after acquiring an additional 1,826 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in V2X by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,544 shares of the company's stock valued at $2,430,000 after purchasing an additional 4,747 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of V2X in the 1st quarter worth about $329,000. Finally, Rhumbline Advisers lifted its holdings in shares of V2X by 20.8% in the second quarter. Rhumbline Advisers now owns 27,992 shares of the company's stock valued at $1,359,000 after purchasing an additional 4,824 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
VVX has been the subject of a number of research analyst reports. Citizens Jmp increased their price target on V2X from $90.00 to $102.00 and gave the company a "market outperform" rating in a research report on Tuesday, July 28th. BTIG Research reissued a "buy" rating and issued a $90.00 price target on shares of V2X in a research report on Wednesday, May 27th. Truist Financial restated a "hold" rating and set a $85.00 price target (up from $70.00) on shares of V2X in a research note on Tuesday, August 4th. Morgan Stanley raised their price objective on shares of V2X from $80.00 to $90.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 4th. Finally, Zacks Research lowered shares of V2X from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $86.90.
Get Our Latest Stock Report on VVX
V2X Trading Up 0.2%
V2X stock opened at $78.68 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.32 and a current ratio of 1.32. V2X, Inc. has a fifty-two week low of $50.89 and a fifty-two week high of $93.98. The stock has a market cap of $2.47 billion, a P/E ratio of 27.13, a PEG ratio of 0.61 and a beta of 0.21. The firm's fifty day moving average price is $80.22 and its 200-day moving average price is $74.39.
V2X (NYSE:VVX - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.20. V2X had a return on equity of 17.52% and a net margin of 1.88%.The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the company earned $1.33 earnings per share. The firm's quarterly revenue was up 16.5% on a year-over-year basis. V2X has set its FY 2026 guidance at 5.900-6.300 EPS. Equities research analysts forecast that V2X, Inc. will post 6.27 earnings per share for the current fiscal year.
V2X Company Profile
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Free Report)
V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.
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