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 raised its position in shares of V2X, Inc. (NYSE:VVX - Free Report) by 48.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 0.05% of V2X worth $835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Simcoe Capital Management LLC lifted 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 valued at $35,057,000 after buying an additional 525,204 shares in the last quarter. Nuveen LLC purchased a new position in shares of V2X in the first quarter valued at about $19,753,000. Pacer Advisors Inc. purchased a new position in shares of V2X in the first quarter valued at about $8,853,000. Victory Capital Management Inc. boosted its stake in shares of V2X by 61.1% in the first quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock worth $23,040,000 after acquiring an additional 178,136 shares during the period. Finally, Zimmer Partners LP grew its position in shares of V2X by 48.5% during the fourth 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 in the last quarter. 95.18% of the stock is owned by hedge funds and other institutional investors.

V2X Trading Down 0.5%

NYSE:VVX traded down $0.30 during midday trading on Friday, hitting $57.46. 297,250 shares of the company traded hands, compared to its average volume of 495,676. The firm has a market capitalization of $1.82 billion, a P/E ratio of 26.12, a P/E/G ratio of 0.59 and a beta of 0.27. The firm's fifty day moving average is $51.66 and its 200-day moving average is $48.98. V2X, Inc. has a 12-month low of $41.08 and a 12-month high of $69.75. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.02.

V2X (NYSE:VVX - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.06 billion. V2X had a net margin of 1.63% and a return on equity of 15.28%. V2X's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 earnings per share. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, sell-side analysts predict that V2X, Inc. will post 4.16 EPS for the current year.

Insider Activity

In other V2X news, Director Dino M. Cusumano sold 2,000,000 shares of the business's stock in a transaction dated 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 completion of the sale, the director directly owned 9,700,001 shares of the company's stock, valued at $485,000,050. The trade was a 17.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Richard L. Jr. Caputo sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $44.43, for a total value of $177,720.00. Following the completion of the sale, the senior vice president owned 15,869 shares of the company's stock, valued at $705,059.67. The trade was a 20.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on VVX. Stifel Nicolaus set a $63.00 price objective on shares of V2X and gave the company a "buy" rating in a report on Tuesday, August 5th. Wall Street Zen upgraded shares of V2X from a "buy" rating to a "strong-buy" rating in a research report on Saturday. The Goldman Sachs Group boosted their price target on shares of V2X from $45.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, August 13th. Finally, Bank of America raised shares of V2X from a "neutral" rating to a "buy" rating and increased their price objective for the company from $55.00 to $65.00 in a report on Wednesday, August 13th. One research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.36.

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.