Ashton Thomas Private Wealth LLC Acquires New Holdings in V2X, Inc. $VVX

Key Points

• Ashton Thomas Private Wealth LLC has acquired a new stake in V2X, Inc. worth approximately $506,000 by purchasing 10,313 shares in the 1st quarter.
• Research reports indicate a positive outlook for VVX, with multiple analysts raising their price targets and ratings, including a boost from $45.00 to $50.00 by Goldman Sachs and a new target of $63.00 set by Stifel Nicolaus.
• In a significant recent trade, Director Dino M. Cusumano sold 2 million shares at an average price of $50.00, leading to a substantial decrease in their ownership percentage.

Ashton Thomas Private Wealth LLC acquired a new stake in shares of V2X, Inc. (NYSE:VVX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,313 shares of the company's stock, valued at approximately $506,000.

A number of other institutional investors and hedge funds have also bought and sold shares of VVX. Teacher Retirement System of Texas purchased a new position in V2X in the 1st quarter worth approximately $1,392,000. Charles Schwab Investment Management Inc. grew its stake in V2X by 21.7% in the 1st 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 in the 1st quarter worth approximately $228,000. Allspring Global Investments Holdings LLC grew its stake in V2X by 53.3% in the 1st 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 in the 4th quarter worth approximately $818,000. 95.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

V2X Price Performance

Shares of V2X stock opened at $54.55 on Friday. V2X, Inc. has a 52-week low of $41.08 and a 52-week high of $69.75. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 0.56 and a beta of 0.30. The company has a fifty day moving average of $53.04 and a 200-day moving average of $49.67. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.20 and a current ratio of 1.20.

V2X (NYSE:VVX - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The firm'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 expect that V2X, Inc. will post 4.16 EPS for the current year.

Insider Activity

In other news, Director Dino M. Cusumano sold 2,000,000 shares of the firm's 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 owned 9,700,001 shares in the company, valued at approximately $485,000,050. This trade represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

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.

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