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

Other large investors have also bought and sold shares of the company. Rhumbline Advisers raised its position in V2X by 9.1% in the 1st quarter. Rhumbline Advisers now owns 23,168 shares of the company's stock valued at $1,136,000 after purchasing an additional 1,929 shares during the last quarter. Strs Ohio acquired a new stake in shares of V2X in the first quarter valued at $461,000. Jane Street Group LLC bought a new position in shares of V2X in the first quarter valued at about $329,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in V2X by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,544 shares of the company's stock worth $2,430,000 after buying an additional 4,747 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in V2X during the 1st quarter worth about $5,415,000. 95.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on VVX shares. Stifel Nicolaus set a $63.00 price objective on shares of V2X and gave the company a "buy" rating in a research report on Tuesday, August 5th. Morgan Stanley increased 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. Bank of America upgraded 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. The Goldman Sachs Group increased their price objective 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 raised V2X from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.73.

Insider Transactions at V2X

In related news, Director Dino M. Cusumano sold 2,000,000 shares of V2X stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $50.00, for a total transaction of $100,000,000.00. Following the transaction, the director owned 9,700,001 shares of the company's stock, valued at $485,000,050. This trade represents a 17.09% decrease in their position. The transaction was disclosed in a legal filing 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 business's stock in a transaction that occurred 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 transaction, the insider owned 8,000,001 shares of the company's stock, valued at approximately $417,600,052.20. This represents a 17.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,400,000 shares of company stock worth $277,480,000. Company insiders own 0.88% of the company's stock.

V2X Trading Up 4.2%

VVX stock traded up $2.29 during midday trading on Monday, reaching $57.29. The company's stock had a trading volume of 385,791 shares, compared to its average volume of 388,427. The business's 50-day simple moving average is $54.02 and its 200-day simple moving average is $50.17. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.02. V2X, Inc. has a 52 week low of $41.08 and a 52 week high of $69.75. The stock has a market cap of $1.82 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 0.56 and a beta of 0.30.

V2X (NYSE:VVX - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.33 earnings per share 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 for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The firm's quarterly revenue was up .6% on a year-over-year basis. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. As a group, sell-side analysts expect that V2X, Inc. will post 4.16 EPS for the current year.

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.