Harbor Capital Advisors Inc. Makes New $1.48 Million Investment in V2X, Inc. $VVX

Key Points

• Harbor Capital Advisors Inc. has acquired 30,548 shares of V2X, Inc. valuing approximately $1.48 million, with the firm owning about 0.10% of the company post-purchase.
• Analysts have given V2X a mix of ratings, with Goldman Sachs setting a price target of $50.00 and Bank of America increasing their target to $65.00 while maintaining a "buy" rating.
• Insiders have sold a significant amount of shares, with a major shareholder offloading 1.7 million shares at $52.20, reflecting a 17.53% reduction in their stake in the company.

Harbor Capital Advisors Inc. bought a new stake in shares of V2X, Inc. (NYSE:VVX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 30,548 shares of the company's stock, valued at approximately $1,483,000. Harbor Capital Advisors Inc. owned 0.10% of V2X as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in V2X by 2.8% in the first quarter. Vanguard Group Inc. now owns 923,334 shares of the company's stock worth $45,290,000 after acquiring an additional 25,222 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of V2X by 61.1% in the first quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock valued at $23,040,000 after purchasing an additional 178,136 shares in the last quarter. Nuveen LLC bought a new position in shares of V2X in the first quarter valued at approximately $19,753,000. Royce & Associates LP increased its position in shares of V2X by 15.6% during the first quarter. Royce & Associates LP now owns 248,670 shares of the company's stock valued at $12,197,000 after acquiring an additional 33,640 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of V2X by 2.4% during the first quarter. Invesco Ltd. now owns 231,744 shares of the company's stock valued at $11,367,000 after acquiring an additional 5,439 shares during the last quarter. Institutional investors own 95.18% of the company's stock.

Insiders Place Their Bets

In related news, Director Dino M. Cusumano sold 2,000,000 shares of the firm'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 of the company's stock, valued at approximately $485,000,050. This trade represents a 17.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder American Industrial Partners C sold 1,700,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $52.20, for a total value of $88,740,000.00. Following the completion of the sale, the insider 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,400,000 shares of company stock worth $277,480,000. 0.88% of the stock is owned by insiders.

V2X Stock Performance

V2X stock traded up $0.56 during trading on Monday, reaching $55.56. The company had a trading volume of 64,490 shares, compared to its average volume of 280,643. V2X, Inc. has a 52 week low of $41.08 and a 52 week high of $69.75. The firm's 50-day simple moving average is $53.85 and its 200 day simple moving average is $50.10. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 0.56 and a beta of 0.30. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.02.

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 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 for the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the firm earned $0.83 EPS. V2X's revenue for the quarter was up .6% compared to the same quarter last year. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. Sell-side analysts forecast that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Bank of America raised V2X from a "neutral" rating to a "buy" rating and raised their target price for the stock from $55.00 to $65.00 in a research report on Wednesday, August 13th. The Goldman Sachs Group boosted their target price on V2X from $45.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday, August 13th. Morgan Stanley boosted their target price on V2X from $51.00 to $55.00 and gave the company an "underweight" rating in a research note on Friday. Stifel Nicolaus set a $63.00 price target on V2X and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded V2X from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 30th. One 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $63.73.

V2X 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.