Hsbc Holdings PLC Sells 8,456 Shares of V2X, Inc. $VVX

Key Points

• Hsbc Holdings PLC reduced its stake in V2X, Inc. by 27.2% in Q1, now holding a total of 22,619 shares valued at approximately $1.11 million.
• V2X recently reported quarterly earnings of $1.33 per share, exceeding expectations, and a revenue of $1.08 billion, which shows a slight year-over-year increase of 0.6%.
• A number of analysts have raised their price targets for V2X, with a consensus target now at $63.36, indicating a generally positive outlook for the stock.

Hsbc Holdings PLC reduced its position in V2X, Inc. (NYSE:VVX - Free Report) by 27.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 22,619 shares of the company's stock after selling 8,456 shares during the period. Hsbc Holdings PLC owned 0.07% of V2X worth $1,111,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VVX. Teacher Retirement System of Texas acquired a new stake in V2X in the first quarter worth about $1,392,000. Charles Schwab Investment Management Inc. lifted its position in V2X by 21.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 172,685 shares of the company's stock valued at $8,470,000 after purchasing an additional 30,800 shares during the period. Cornerstone Select Advisors LLC bought a new position in shares of V2X in the 1st quarter valued at about $228,000. Allspring Global Investments Holdings LLC grew its position in shares of V2X by 53.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,069 shares of the company's stock worth $930,000 after buying an additional 6,629 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of V2X during the 4th quarter worth approximately $818,000. Institutional investors and hedge funds own 95.18% of the company's stock.

V2X Trading Up 0.2%

Shares of NYSE VVX traded up $0.11 during midday trading on Thursday, reaching $55.38. 233,824 shares of the stock were exchanged, compared to its average volume of 418,751. The business has a 50-day simple moving average of $52.41 and a two-hundred day simple moving average of $49.26. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 0.57 and a beta of 0.30. V2X, Inc. has a 12 month low of $41.08 and a 12 month high of $69.75. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.20.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.33. The business had revenue of $1.08 billion during 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 firm'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 EPS. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. As a group, equities research analysts expect that V2X, Inc. will post 4.16 EPS for the current year.

Insider Activity

In other news, Director Dino M. Cusumano sold 2,000,000 shares of the firm's stock in a transaction dated 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 sale, the director owned 9,700,001 shares of the company's stock, valued at $485,000,050. This trade represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of V2X from $45.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, August 13th. Bank of America upgraded shares of V2X from a "neutral" rating to a "buy" rating and upped their target price for the company from $55.00 to $65.00 in a research report on Wednesday, August 13th. Wall Street Zen raised V2X from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th. Finally, Stifel Nicolaus set a $63.00 price objective on V2X and gave the stock a "buy" rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.