Assenagon Asset Management S.A. Has $2.82 Million Holdings in V2X, Inc. $VVX

Key Points

• Assenagon Asset Management S.A. decreased its holdings in V2X, Inc. by 18.6% during the 2nd quarter, now owning 58,067 shares valued at approximately $2.82 million.
• Insider trading saw significant sales with American Industrial Partners and Director Dino M. Cusumano selling a total of 3.7 million shares, leading to noticeable decreases in their ownership percentages.
• V2X, which recently posted earnings exceeding analysts' expectations, has a current stock price around $53.68 with a market capitalization of $1.70 billion.

Assenagon Asset Management S.A. decreased its position in V2X, Inc. (NYSE:VVX - Free Report) by 18.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,067 shares of the company's stock after selling 13,254 shares during the quarter. Assenagon Asset Management S.A. owned 0.18% of V2X worth $2,819,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VVX. Reinhart Partners LLC. acquired a new position in shares of V2X during the second quarter worth about $14,083,000. Harbor Capital Advisors Inc. bought a new stake in V2X in the 2nd quarter valued at approximately $1,483,000. Rhumbline Advisers boosted its position in V2X by 9.1% during the 1st quarter. Rhumbline Advisers now owns 23,168 shares of the company's stock worth $1,136,000 after acquiring an additional 1,929 shares during the last quarter. Strs Ohio bought a new position in shares of V2X during the 1st quarter worth approximately $461,000. Finally, Jane Street Group LLC bought a new position in shares of V2X during the 1st quarter worth approximately $329,000. 95.18% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other V2X news, 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 transaction, the insider directly owned 8,000,001 shares in the company, valued at $417,600,052.20. The trade was a 17.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $100,000,000.00. Following the sale, the director 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 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. Company insiders own 1.10% of the company's stock.

V2X Trading Down 3.9%

V2X stock opened at $53.68 on Friday. The stock has a 50-day simple moving average of $54.52 and a 200 day simple moving average of $50.30. The stock has a market capitalization of $1.70 billion, a P/E ratio of 24.40, a PEG 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. V2X, Inc. has a 52 week low of $41.08 and a 52 week high of $69.75.

V2X (NYSE:VVX - Get Free Report) last released 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 return on equity of 15.28% and a net margin of 1.63%.The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the firm posted $0.83 earnings per share. The business's revenue was up .6% on a year-over-year basis. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. Analysts expect that V2X, Inc. will post 4.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Bank of America raised shares of V2X from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $55.00 to $65.00 in a research report on Wednesday, August 13th. Morgan Stanley lifted their price target on shares of V2X from $51.00 to $55.00 and gave the company an "underweight" rating in a research note on Friday, September 19th. Stifel Nicolaus set a $63.00 price objective on shares of V2X and gave the stock a "buy" rating in a research note on Tuesday, August 5th. 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 report on Saturday, August 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $63.73.

About V2X

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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