Ashton Thomas Private Wealth LLC Buys Shares of 10,313 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 purchased 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 & Exchange Commission. The firm purchased 10,313 shares of the company's stock, valued at approximately $506,000.

Other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of V2X by 22.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,867 shares of the company's stock worth $484,000 after purchasing an additional 1,826 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its position in shares of V2X by 106.4% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 8,676 shares of the company's stock valued at $426,000 after buying an additional 4,472 shares during the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of V2X in the first quarter valued at about $11,036,000. AQR Capital Management LLC raised its position in shares of V2X by 149.6% during the first quarter. AQR Capital Management LLC now owns 118,012 shares of the company's stock worth $5,788,000 after acquiring an additional 70,728 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in V2X in the first quarter valued at approximately $217,000. Institutional investors and hedge funds own 95.18% of the company's stock.

V2X Stock Up 0.8%

Shares of VVX stock traded up $0.44 during trading hours on Wednesday, reaching $57.06. The company had a trading volume of 35,791 shares, compared to its average volume of 273,569. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 0.56 and a beta of 0.30. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.20. V2X, Inc. has a 12 month low of $41.08 and a 12 month high of $69.75. The business has a fifty day simple moving average of $53.37 and a 200-day simple moving average of $49.84.

V2X (NYSE:VVX - Get Free Report) last released its quarterly 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 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 analyst estimates of $1.06 billion. During the same period last year, the firm earned $0.83 earnings per share. 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. On average, research analysts expect that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Stifel Nicolaus set a $63.00 price target on shares of V2X and gave the stock a "buy" rating in a report on Tuesday, August 5th. Wall Street Zen raised shares of V2X from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th. Bank of America upgraded shares of V2X from a "neutral" rating to a "buy" rating and boosted their target price for the company from $55.00 to $65.00 in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group lifted their price objective on 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 assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $63.36.

Insider Buying and Selling

In related news, Director Dino M. Cusumano sold 2,000,000 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 9,700,001 shares of the company's stock, 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 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 on Thursday, September 11th. The shares were sold at an average price of $52.20, for a total value of $88,740,000.00. Following the completion of the transaction, the insider owned 8,000,001 shares of the company's stock, valued at $417,600,052.20. This trade represents a 17.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,400,000 shares of company stock worth $277,480,000 in the last 90 days. Company insiders own 0.88% of the company's stock.

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.