American Century Companies Inc. Acquires Shares of 13,062 V2X, Inc. $VVX

Key Points

• American Century Companies Inc. has invested approximately $641,000 in V2X, Inc. by purchasing 13,062 shares during the first quarter of 2023.
• V2X reported earnings of $1.33 per share for the last quarter, exceeding estimates of $1.00, along with revenue of $1.08 billion.
• Institutional investors now own 95.18% of V2X shares, with several hedge funds, including Vanguard Group Inc. and Simcoe Capital Management LLC, increasing their stakes recently.

American Century Companies Inc. acquired a new position in shares of V2X, Inc. (NYSE:VVX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,062 shares of the company's stock, valued at approximately $641,000.

Several other hedge funds have also made changes to their positions in VVX. Simcoe Capital Management LLC boosted its holdings in shares of V2X by 252.8% during the fourth quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company's stock worth $35,057,000 after purchasing an additional 525,204 shares during the last quarter. Nuveen LLC acquired a new stake in shares of V2X during the first quarter worth $19,753,000. Pacer Advisors Inc. acquired a new stake in shares of V2X during the first quarter worth $8,853,000. Victory Capital Management Inc. boosted its holdings in shares of V2X by 61.1% during the first quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock worth $23,040,000 after purchasing an additional 178,136 shares during the last quarter. Finally, Zimmer Partners LP boosted its holdings in shares of V2X by 48.5% during the fourth quarter. Zimmer Partners LP now owns 389,609 shares of the company's stock worth $18,635,000 after purchasing an additional 127,189 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company's stock.

V2X Trading Up 2.0%

V2X stock traded up $1.12 during midday trading on Friday, reaching $56.57. The stock had a trading volume of 358,385 shares, compared to its average volume of 407,993. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $69.75. The stock has a market capitalization of $1.79 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 0.58 and a beta of 0.30. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.20 and a current ratio of 1.20. The stock's 50-day simple moving average is $52.57 and its 200 day simple moving average is $49.37.

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

Insider Buying and Selling

In other V2X news, Director Dino M. Cusumano sold 2,000,000 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on VVX. The Goldman Sachs Group raised their price objective on V2X from $45.00 to $50.00 and gave the stock a "sell" rating in a report on Wednesday, August 13th. Bank of America upgraded 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 report on Wednesday, August 13th. Wall Street Zen upgraded V2X from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 30th. Finally, Stifel Nicolaus set a $63.00 price objective on V2X and gave the stock a "buy" rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, V2X has a consensus rating of "Moderate Buy" and an average price target of $63.36.

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.