Bank of New York Mellon Corp Buys New Holdings in V2X, Inc. $VVX

Key Points

• Bank of New York Mellon acquired 116,931 V2X shares worth approximately $8.7 million, giving it a 0.37% stake. Institutional investors collectively own 95.18% of the company.
• V2X reported quarterly earnings of $1.64 per share, exceeding estimates of $1.44, while revenue rose 16.5% year over year to $1.26 billion.
• Analyst sentiment is mixed: V2X has an average “Hold” rating and an average price target of $86.90, compared with its reported share price of $74.81.

Bank of New York Mellon Corp purchased a new stake in shares of V2X, Inc. (NYSE:VVX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 116,931 shares of the company's stock, valued at approximately $8,718,000. Bank of New York Mellon Corp owned approximately 0.37% of V2X as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in VVX. Dimensional Fund Advisors LP grew its stake in shares of V2X by 12.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,503,707 shares of the company's stock valued at $103,001,000 after acquiring an additional 169,980 shares in the last quarter. Bank of America Corp DE increased its position in shares of V2X by 26.5% during the first quarter. Bank of America Corp DE now owns 517,369 shares of the company's stock worth $35,440,000 after acquiring an additional 108,430 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of V2X in the first quarter worth about $2,438,000. Lazard Asset Management LLC lifted its stake in shares of V2X by 36.9% in the first quarter. Lazard Asset Management LLC now owns 51,576 shares of the company's stock worth $3,533,000 after acquiring an additional 13,911 shares in the last quarter. Finally, Corsair Capital Management L.P. purchased a new position in V2X in the first quarter valued at about $1,233,000. 95.18% of the stock is owned by hedge funds and other institutional investors.

V2X Price Performance

VVX opened at $74.81 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.92. The company's 50-day moving average price is $79.04 and its 200 day moving average price is $75.01. V2X, Inc. has a fifty-two week low of $50.89 and a fifty-two week high of $93.98. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 0.60 and a beta of 0.17.

V2X (NYSE:VVX - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.20. V2X had a return on equity of 17.52% and a net margin of 1.88%.The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted $1.33 earnings per share. V2X's quarterly revenue was up 16.5% compared to the same quarter last year. V2X has set its FY 2026 guidance at 5.900-6.300 EPS. As a group, sell-side analysts expect that V2X, Inc. will post 6.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VVX. Bank of America raised their price objective on V2X from $78.00 to $93.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Stifel Nicolaus set a $102.00 target price on V2X in a research report on Tuesday, August 4th. Wall Street Zen cut V2X from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Raymond James Financial downgraded shares of V2X from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 24th. Finally, Weiss Ratings lowered shares of V2X from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, June 11th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $86.90.

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.

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