V2X, Inc. $VVX Shares Purchased by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in V2X, Inc. by 149.6% in Q1, acquiring an additional 70,728 shares to own 118,012 shares valued at approximately $5.79 million.
• V2X reported a quarterly earnings per share (EPS) of $1.33, surpassing analyst estimates, and set its FY 2025 guidance between $4.650 to $4.950 EPS.
• Director Dino M. Cusumano sold 2 million shares of V2X for $100 million, resulting in a significant reduction of his ownership in the company.

AQR Capital Management LLC increased its stake in shares of V2X, Inc. (NYSE:VVX - Free Report) by 149.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,012 shares of the company's stock after buying an additional 70,728 shares during the quarter. AQR Capital Management LLC owned about 0.37% of V2X worth $5,788,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new position in V2X during the first quarter worth approximately $1,392,000. Charles Schwab Investment Management Inc. lifted its position in V2X by 21.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 172,685 shares of the company's stock worth $8,470,000 after buying an additional 30,800 shares in the last quarter. Cornerstone Select Advisors LLC purchased a new position in V2X during the first quarter worth approximately $228,000. Allspring Global Investments Holdings LLC lifted its position in V2X by 53.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 19,069 shares of the company's stock worth $930,000 after buying an additional 6,629 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in V2X during the fourth quarter worth approximately $818,000. Hedge funds and other institutional investors own 95.18% of the company's stock.

Wall Street Analysts Forecast Growth

VVX has been the topic of a number of analyst reports. Stifel Nicolaus set a $63.00 price objective on V2X and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Bank of America upgraded V2X from a "neutral" rating to a "buy" rating and lifted their target price for the company from $55.00 to $65.00 in a research report on Wednesday, August 13th. The Goldman Sachs Group lifted their target price on V2X from $45.00 to $50.00 and gave the company a "sell" rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen upgraded V2X from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $63.36.

Insider Activity

In other news, Director Dino M. Cusumano sold 2,000,000 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $100,000,000.00. Following the completion of the transaction, the director directly owned 9,700,001 shares of the company's stock, valued at approximately $485,000,050. This represents a 17.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder American Industrial Partners C sold 1,700,000 shares of the company's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $52.20, for a total value of $88,740,000.00. Following the transaction, the insider directly owned 8,000,001 shares of the company's stock, valued at approximately $417,600,052.20. This represents a 17.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,400,000 shares of company stock valued at $277,480,000. Insiders own 1.10% of the company's stock.

V2X Stock Up 3.8%

NYSE VVX traded up $2.16 during trading hours on Thursday, hitting $59.36. 401,451 shares of the company were exchanged, compared to its average volume of 343,251. The company has a 50 day moving average of $53.72 and a two-hundred day moving average of $49.99. 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, Inc. has a 52-week low of $41.08 and a 52-week high of $69.75. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 0.59 and a beta of 0.30.

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

V2X Company 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.