North Star Investment Management Corp. Cuts Stock Holdings in V2X, Inc. $VVX

Key Points

• North Star Investment Management Corp. reduced its stake in V2X, Inc. by 28.5%, holding 13,100 shares worth $636,000 after selling 5,225 shares in the second quarter.
• V2X has received upgraded ratings from multiple analysts, with Bank of America raising its price target from $55.00 to $65.00 and a consensus average target price now at $63.73.
• Significant insider activity occurred as major shareholder American Industrial Partners and Director Dino M. Cusumano each sold 1.7 million shares for approximately $88.7 million, reducing their ownership by 17.53%.

North Star Investment Management Corp. trimmed its holdings in shares of V2X, Inc. (NYSE:VVX - Free Report) by 28.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,100 shares of the company's stock after selling 5,225 shares during the period. North Star Investment Management Corp.'s holdings in V2X were worth $636,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Teacher Retirement System of Texas acquired a new position in V2X during the first quarter worth $1,392,000. Charles Schwab Investment Management Inc. grew its stake in shares of V2X by 21.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 172,685 shares of the company's stock worth $8,470,000 after purchasing an additional 30,800 shares during the period. Cornerstone Select Advisors LLC purchased a new position in shares of V2X in the 1st quarter valued at about $228,000. Allspring Global Investments Holdings LLC lifted its stake in shares of V2X by 53.3% in 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 during the period. Finally, Vanguard Group Inc. lifted its stake in shares of V2X by 2.8% in the first quarter. Vanguard Group Inc. now owns 923,334 shares of the company's stock valued at $45,290,000 after purchasing an additional 25,222 shares during the period. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Bank of America upgraded V2X from a "neutral" rating to a "buy" rating and upped their price target for the stock from $55.00 to $65.00 in a report on Wednesday, August 13th. Wall Street Zen upgraded V2X from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Stifel Nicolaus set a $63.00 price target on V2X and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Morgan Stanley increased their price objective on shares of V2X from $51.00 to $55.00 and gave the company an "underweight" rating in a research note on Friday, September 19th. Finally, The Goldman Sachs Group lifted 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. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $63.73.

V2X Trading Down 3.9%

Shares of VVX opened at $53.68 on Friday. V2X, Inc. has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The company has a market capitalization of $1.70 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 0.58 and a beta of 0.30. The stock has a fifty day moving average of $54.52 and a two-hundred day moving average of $50.30. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.20 and a current ratio of 1.20.

V2X (NYSE:VVX - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.33. The business had revenue of $1.08 billion during 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%.The business's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. As a group, analysts forecast that V2X, Inc. will post 4.16 EPS for the current year.

Insider Activity

In other news, major shareholder American Industrial Partners C sold 1,700,000 shares of the company's stock in a transaction dated 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 owned 8,000,001 shares of the company's stock, valued at $417,600,052.20. This represents a 17.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dino M. Cusumano sold 1,700,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $52.20, for a total transaction of $88,740,000.00. Following the transaction, the director owned 8,000,001 shares in the company, valued at approximately $417,600,052.20. The trade was a 17.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,400,000 shares of company stock valued at $277,480,000 in the last 90 days. 1.10% of the stock is owned by company insiders.

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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