Strs Ohio Buys New Stake in V2X, Inc. $VVX

Key Points

• Strs Ohio acquired a new stake in V2X, Inc., purchasing 9,400 shares valued at approximately $461,000 in the first quarter of 2024.
• Multiple institutional investors have significantly increased their stakes in V2X, leading to 95.18% of the company's stock now owned by such investors.
• Analyst opinions vary widely, with target prices ranging from $50.00 to $65.00, and an overall consensus rating of "Moderate Buy."

Strs Ohio bought a new stake in shares of V2X, Inc. (NYSE:VVX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,400 shares of the company's stock, valued at approximately $461,000.

Several other institutional investors have also bought and sold shares of VVX. State of Wyoming purchased a new position in V2X in the 4th quarter worth about $45,000. Whipplewood Advisors LLC boosted its stake in V2X by 4,066.7% in the 1st quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock worth $49,000 after purchasing an additional 976 shares in the last quarter. CWM LLC boosted its stake in V2X by 239.0% in the 1st quarter. CWM LLC now owns 990 shares of the company's stock worth $49,000 after purchasing an additional 698 shares in the last quarter. Wealthquest Corp acquired a new stake in V2X during the 1st quarter valued at approximately $97,000. Finally, GAMMA Investing LLC lifted its stake in V2X by 3,403.3% during the 1st quarter. GAMMA Investing LLC now owns 3,188 shares of the company's stock valued at $156,000 after acquiring an additional 3,097 shares during the period. Institutional investors own 95.18% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity at V2X

In related news, Director Dino M. Cusumano sold 1,700,000 shares of the firm'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 value of $88,740,000.00. Following the sale, the director owned 8,000,001 shares of the company's stock, valued at $417,600,052.20. This trade represents a 17.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder American Industrial Partners C sold 1,700,000 shares of the firm'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 completion of the sale, the insider directly owned 8,000,001 shares in the company, valued at approximately $417,600,052.20. This trade represents a 17.53% decrease in their position. The disclosure for this sale can be found here. In 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 corporate insiders.

V2X Trading Up 4.2%

Shares of VVX stock opened at $57.29 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.20. The firm 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. The company has a 50-day moving average of $54.02 and a two-hundred day moving average of $50.17. V2X, Inc. has a 1-year low of $41.08 and a 1-year high of $69.75.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $1.33 earnings per share (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 analysts' expectations of $1.06 billion. V2X had a net margin of 1.63% and a return on equity of 15.28%. The business's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, analysts predict that V2X, Inc. will post 4.16 EPS for the current year.

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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