Goldman Sachs Group Inc. Lowers Position in V2X, Inc. $VVX

Key Points

• Goldman Sachs significantly reduced its stake in V2X, Inc. by 69.1% in Q1, now holding approximately 0.39% of the company's shares.
• Various hedge funds have shown interest in V2X, with 95.18% of the company's stock owned by institutional investors following recent purchases.
• Analysts have upgraded their recommendations for V2X, with Goldman Sachs raising its price target from $45 to $50 and Bank of America increasing its target from $55 to $65.

Goldman Sachs Group Inc. lessened its position in shares of V2X, Inc. (NYSE:VVX - Free Report) by 69.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,815 shares of the company's stock after selling 276,317 shares during the period. Goldman Sachs Group Inc. owned 0.39% of V2X worth $6,073,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. CWM LLC grew its holdings in V2X by 239.0% in the first quarter. CWM LLC now owns 990 shares of the company's stock worth $49,000 after purchasing an additional 698 shares during the period. Ethic Inc. grew its stake in V2X by 8.9% during the first quarter. Ethic Inc. now owns 9,999 shares of the company's stock valued at $488,000 after acquiring an additional 821 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in V2X by 37.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,281 shares of the company's stock worth $161,000 after buying an additional 899 shares in the last quarter. State of Wyoming bought a new stake in shares of V2X in the 4th quarter worth approximately $45,000. Finally, Whipplewood Advisors LLC raised its holdings in V2X by 4,066.7% during the 1st quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock valued at $49,000 after buying an additional 976 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other V2X news, major shareholder American Industrial Partners C sold 1,700,000 shares of V2X stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $52.20, for a total transaction of $88,740,000.00. Following the completion of the transaction, the insider directly owned 8,000,001 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dino M. Cusumano sold 2,000,000 shares of V2X stock in a transaction dated 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 completion of the sale, the director owned 9,700,001 shares of the company's stock, valued at $485,000,050. The trade was a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,400,000 shares of company stock valued at $277,480,000. 1.10% of the stock is currently owned by insiders.

V2X Stock Performance

Shares of NYSE:VVX traded down $4.11 during trading on Friday, hitting $55.10. The company's stock had a trading volume of 1,273,571 shares, compared to its average volume of 352,097. V2X, Inc. has a 12 month low of $41.08 and a 12 month high of $69.75. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 0.61 and a beta of 0.30. The company has a 50-day moving average of $53.85 and a 200-day moving average of $50.05. 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 (NYSE:VVX - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $1.33 EPS for the quarter, topping 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 analysts' expectations of $1.06 billion. During the same quarter last year, the business earned $0.83 EPS. The firm's revenue was up .6% compared to the same quarter last year. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, sell-side analysts expect that V2X, Inc. will post 4.16 earnings per share for the current year.

Analyst Ratings Changes

VVX has been the subject of several research reports. Stifel Nicolaus set a $63.00 price objective on shares of V2X and gave the stock a "buy" rating in a report on Tuesday, August 5th. Bank of America upgraded shares of V2X from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $55.00 to $65.00 in a report on Wednesday, August 13th. Morgan Stanley upped their target price on shares of V2X from $51.00 to $55.00 and gave the stock an "underweight" rating in a research report on Friday. The Goldman Sachs Group upped their target price on shares of V2X from $45.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen raised shares of V2X from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $63.73.

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.