V2X, Inc. $VVX Holdings Reduced by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its V2X stake by 90% in the third quarter, selling 133,590 shares and retaining 14,805 shares valued at approximately $1.05 million.
• Institutional ownership remains high at 95.18%, with BlackRock, Bank of America, and VanEck among investors recently establishing sizable positions, while Dimensional Fund Advisors increased its holdings by 12.7%.
• Analysts have an overall “Hold” rating on V2X, with an average price target of $86.90. The company exceeded quarterly earnings and revenue estimates, reporting $1.64 EPS and $1.26 billion in revenue, up 16.5% year over year.

Assenagon Asset Management S.A. lowered its position in V2X, Inc. (NYSE:VVX - Free Report) by 90.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,805 shares of the company's stock after selling 133,590 shares during the quarter. Assenagon Asset Management S.A.'s holdings in V2X were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in VVX. BlackRock Inc. acquired a new position in V2X during the 2nd quarter worth $189,727,000. Bank of America Corp DE bought a new position in shares of V2X in the second quarter worth $87,543,000. Van ECK Associates Corp acquired a new position in shares of V2X during the second quarter valued at $32,910,000. Dimensional Fund Advisors LP increased its holdings in shares of V2X by 12.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,503,707 shares of the company's stock valued at $103,001,000 after purchasing an additional 169,980 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of V2X during the second quarter valued at $8,718,000. Institutional investors and hedge funds own 95.18% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VVX. Stifel Nicolaus set a $102.00 price objective on shares of V2X in a research note on Tuesday, August 4th. Robert W. Baird reiterated a "neutral" rating and issued a $94.00 target price on shares of V2X in a research report on Tuesday, August 4th. Citigroup reissued a "market outperform" rating on shares of V2X in a research note on Tuesday, July 28th. Morgan Stanley raised their target price on shares of V2X from $80.00 to $90.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 4th. Finally, Truist Financial restated a "hold" rating and set a $85.00 price target (up from $70.00) on shares of V2X in a research report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, V2X presently has an average rating of "Hold" and an average target price of $86.90.

V2X Price Performance

NYSE:VVX opened at $73.33 on Friday. The business's 50-day moving average price is $74.25 and its 200 day moving average price is $75.82. The firm has a market cap of $2.30 billion, a P/E ratio of 25.29, a PEG ratio of 0.55 and a beta of 0.18. V2X, Inc. has a 52-week low of $50.89 and a 52-week high of $93.98. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.92.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.44 by $0.20. V2X had a net margin of 1.88% and a return on equity of 17.52%. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the business earned $1.33 earnings per share. V2X's revenue for the quarter was up 16.5% compared to the same quarter last year. V2X has set its FY 2026 guidance at 5.900-6.300 EPS. As a group, sell-side analysts predict that V2X, Inc. will post 6.27 earnings per share for the current fiscal year.

V2X Company Profile

V2X, Inc provides mission solutions and support services to the U.S. government, defense agencies, and allied governments. The company supports military and government operations through services that include logistics, operations and maintenance, training, engineering, modernization, cybersecurity, and other technology-enabled solutions.

Its work spans the defense and national security lifecycle, including the sustainment of aircraft, vehicles, equipment, and infrastructure; supply-chain and base operations; intelligence and analytical support; and digital, communications, and systems-integration services.

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