Martingale Asset Management L P Buys 5,549 Shares of V2X, Inc. $VVX

Key Points

• Martingale Asset Management L P increased its stake in V2X, Inc. by 48.3%, owning approximately 0.05% of the company, valued at $835,000 at the end of the last quarter.
• Wall Street analysts have recently upgraded V2X's stock rating, with a consensus price target of $63.36 and noted significant growth potential following its acquisition of a $4.3 billion Air Force contract.
• Insider selling has occurred, including a transaction where Director Dino M. Cusumano sold 2 million shares for $100 million, resulting in a significant decrease in his ownership position.

Martingale Asset Management L P lifted its holdings in shares of V2X, Inc. (NYSE:VVX - Free Report) by 48.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,031 shares of the company's stock after purchasing an additional 5,549 shares during the quarter. Martingale Asset Management L P owned approximately 0.05% of V2X worth $835,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VVX. Simcoe Capital Management LLC increased its stake in shares of V2X by 252.8% during the 4th quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company's stock worth $35,057,000 after purchasing an additional 525,204 shares during the last quarter. Nuveen LLC acquired a new stake in V2X in the 1st quarter worth approximately $19,753,000. Pacer Advisors Inc. acquired a new stake in V2X in the 1st quarter worth approximately $8,853,000. Victory Capital Management Inc. lifted its holdings in V2X by 61.1% in the 1st quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock worth $23,040,000 after purchasing an additional 178,136 shares during the last quarter. Finally, Zimmer Partners LP lifted its holdings in V2X by 48.5% in the 4th quarter. Zimmer Partners LP now owns 389,609 shares of the company's stock worth $18,635,000 after purchasing an additional 127,189 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VVX shares. The Goldman Sachs Group boosted their target price on V2X from $45.00 to $50.00 and gave the stock a "sell" rating in a report on Wednesday, August 13th. Wall Street Zen upgraded V2X from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Bank of America upgraded V2X from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $55.00 to $65.00 in a report on Wednesday, August 13th. Finally, Stifel Nicolaus set a $63.00 target price on V2X and gave the stock a "buy" rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, V2X presently has a consensus rating of "Moderate Buy" and an average price target of $63.36.

V2X Stock Performance

NYSE VVX traded up $0.30 during trading on Wednesday, hitting $58.30. The company's stock had a trading volume of 281,667 shares, compared to its average volume of 482,490. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.02. The firm has a 50 day moving average price of $51.14 and a 200 day moving average price of $48.86. The firm has a market cap of $1.85 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 0.59 and a beta of 0.27. V2X, Inc. has a 52 week low of $41.08 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $1.00 by $0.33. The company had revenue of $1.08 billion for 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 company's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. Equities research analysts forecast that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $44.43, for a total transaction of $177,720.00. Following the sale, the senior vice president directly owned 15,869 shares in the company, valued at approximately $705,059.67. The trade was a 20.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dino M. Cusumano sold 2,000,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $50.00, for a total value of $100,000,000.00. Following the sale, the director owned 9,700,001 shares in the company, valued at approximately $485,000,050. This represents a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

About V2X

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.