V2X, Inc. $VVX Shares Sold by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC reduced its stake in V2X, Inc. by 48.5%, selling 59,791 shares and now owning approximately 0.20% of the company.
• Several hedge funds have altered their investments in V2X, with notable increases including a 239.0% boost from CWM LLC and a 4,066.7% increase from Whipplewood Advisors LLC during the first quarter.
• Analyst ratings for V2X stock have varied, with Bank of America upgrading it to a "buy" and setting a target price of $65.00, while Goldman Sachs issued a "sell" rating with a target of $50.00.

Ancora Advisors LLC cut its position in V2X, Inc. (NYSE:VVX - Free Report) by 48.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,408 shares of the company's stock after selling 59,791 shares during the period. Ancora Advisors LLC owned approximately 0.20% of V2X worth $3,110,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State of Wyoming acquired a new position in shares of V2X in the fourth quarter valued at about $45,000. CWM LLC increased its holdings in shares of V2X by 239.0% in the first quarter. CWM LLC now owns 990 shares of the company's stock valued at $49,000 after purchasing an additional 698 shares during the period. Whipplewood Advisors LLC grew its holdings in V2X by 4,066.7% during the first quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock worth $49,000 after acquiring an additional 976 shares during the period. Wealthquest Corp acquired a new stake in V2X during the first quarter worth about $97,000. Finally, GAMMA Investing LLC grew its holdings in V2X by 3,403.3% during the first quarter. GAMMA Investing LLC now owns 3,188 shares of the company's stock worth $156,000 after acquiring an additional 3,097 shares during the period. 95.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VVX has been the topic of several analyst reports. Bank of America raised V2X from a "neutral" rating to a "buy" rating and raised their target price for the stock from $55.00 to $65.00 in a report on Wednesday, August 13th. The Goldman Sachs Group raised 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 raised V2X from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 30th. 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 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $63.36.

V2X Stock Performance

Shares of VVX stock opened at $55.33 on Thursday. The company has a market capitalization of $1.75 billion, a P/E ratio of 25.15, a P/E/G ratio of 0.59 and a beta of 0.30. The business's 50 day moving average is $52.27 and its two-hundred day moving average is $49.19. 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, Inc. has a 12-month low of $41.08 and a 12-month 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 analysts' consensus estimates 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%.V2X's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 earnings per share. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. Analysts expect that V2X, Inc. will post 4.16 EPS for the current fiscal year.

Insider Transactions at V2X

In other V2X news, Director Dino M. Cusumano sold 2,000,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $100,000,000.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.88% 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.

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