Cornerstone Select Advisors LLC Makes New Investment in V2X, Inc. $VVX

Key Points

• Cornerstone Select Advisors LLC has made a new investment in V2X, Inc. by purchasing 4,640 shares valued at approximately $228,000 in the first quarter.
• V2X received several upgrades from analysts, with Bank of America raising their rating from "neutral" to "buy" and increasing the price target from $55 to $65.
• Insider trading activity included a significant sale, with Director Dino M. Cusumano selling 2 million shares for a total value of $100 million, reducing his ownership in the company.

Cornerstone Select Advisors LLC acquired a new position in V2X, Inc. (NYSE:VVX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,640 shares of the company's stock, valued at approximately $228,000.

Other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas acquired a new position in V2X in the 1st quarter valued at approximately $1,392,000. Allspring Global Investments Holdings LLC boosted its holdings in V2X by 53.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 19,069 shares of the company's stock valued at $930,000 after purchasing an additional 6,629 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of V2X in the 4th quarter valued at approximately $818,000. Jump Financial LLC bought a new stake in shares of V2X in the 4th quarter valued at approximately $831,000. Finally, Invesco Ltd. raised its holdings in shares of V2X by 8.2% in the 4th quarter. Invesco Ltd. now owns 226,305 shares of the company's stock worth $10,824,000 after buying an additional 17,232 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling at V2X

In other V2X news, SVP Richard L. Jr. Caputo sold 4,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $44.43, for a total transaction of $177,720.00. Following the transaction, the senior vice president owned 15,869 shares of the company's stock, valued at approximately $705,059.67. This represents a 20.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dino M. Cusumano sold 2,000,000 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $50.00, for a total value of $100,000,000.00. Following the transaction, the director directly owned 9,700,001 shares in the company, valued at approximately $485,000,050. This represents a 17.09% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

V2X Price Performance

Shares of VVX traded up $1.1860 on Friday, hitting $58.9360. The company's stock had a trading volume of 547,052 shares, compared to its average volume of 441,052. The company has a market capitalization of $1.87 billion, a PE ratio of 26.79, a PEG ratio of 0.59 and a beta of 0.27. 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 fifty-two week low of $41.08 and a fifty-two week high of $69.75. The company has a 50 day moving average price of $50.34 and a 200 day moving average price of $48.71.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on VVX shares. Wall Street Zen raised V2X from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Bank of America raised V2X from a "neutral" rating to a "buy" rating and boosted their price target for the company from $55.00 to $65.00 in a research note on Wednesday, August 13th. Stifel Nicolaus set a $63.00 price target on V2X and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group boosted their price target on V2X from $45.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday, August 13th. One equities research 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $63.36.

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.