Nuveen LLC Makes New $19.75 Million Investment in V2X, Inc. $VVX

Key Points

• Nuveen LLC acquired 402,706 shares of V2X, Inc. for approximately $19.75 million, representing about 1.27% of the company's total stock as of the end of the most recent reporting period.
• Several analysts have positive outlooks for V2X, with Bank of America upgrading its rating to buy and raising the price target from $55 to $65.
• Director Dino M. Cusumano sold 2 million shares at an average price of $50, resulting in a significant decrease of 17.09% in his holdings.

Nuveen LLC bought a new stake in V2X, Inc. (NYSE:VVX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 402,706 shares of the company's stock, valued at approximately $19,753,000. Nuveen LLC owned about 1.27% of V2X as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in V2X by 3.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company's stock valued at $353,000 after purchasing an additional 266 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after acquiring an additional 288 shares during the last quarter. LPL Financial LLC lifted its position in V2X by 11.0% during the fourth quarter. LPL Financial LLC now owns 5,112 shares of the company's stock worth $245,000 after acquiring an additional 508 shares during the last quarter. CWM LLC lifted its position in V2X by 239.0% during the first quarter. CWM LLC now owns 990 shares of the company's stock worth $49,000 after acquiring an additional 698 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in V2X by 37.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,281 shares of the company's stock worth $161,000 after acquiring an additional 899 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VVX. Bank of America upgraded shares of V2X from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $55.00 to $65.00 in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of V2X from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Stifel Nicolaus set a $63.00 price objective on shares of V2X and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group raised their price objective on shares of V2X from $45.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $63.36.

Insider Buying and Selling

In related news, Director Dino M. Cusumano sold 2,000,000 shares of V2X stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $50.00, for a total value of $100,000,000.00. Following the transaction, the director directly owned 9,700,001 shares of the company's stock, valued at $485,000,050. This trade represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Richard L. Jr. Caputo sold 4,000 shares of V2X stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $44.43, for a total transaction of $177,720.00. Following the completion of the transaction, the senior vice president directly owned 15,869 shares in the company, valued at $705,059.67. This trade represents a 20.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

V2X Stock Performance

Shares of VVX traded up $1.1860 during mid-day trading on Friday, hitting $58.9360. 547,052 shares of the company's stock were exchanged, compared to its average volume of 441,052. V2X, Inc. has a 52 week low of $41.08 and a 52 week high of $69.75. The stock's 50-day simple moving average is $50.34 and its 200-day simple moving average is $48.69. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 0.60 and a beta of 0.27. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.02.

V2X (NYSE:VVX - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.00 by $0.33. V2X had a net margin of 1.63% and a return on equity of 15.28%. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the firm earned $0.83 earnings per share. The business's revenue for the quarter was up .6% on a year-over-year basis. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, equities research analysts expect that V2X, Inc. will post 4.16 EPS for the current year.

V2X Profile

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.