V2X, Inc. $VVX Shares Sold by Legal & General Group Plc

Key Points

• Legal & General Group Plc reduced its V2X stake by 56.1% in the second quarter, selling 31,311 shares and retaining 24,495 shares valued at approximately $1.83 million.
• Other institutional investors increased their positions, including BlackRock’s new $189.7 million stake and significant purchases by Wellington Management, Boston Partners, and Reinhart Partners. Institutions and hedge funds collectively own 95.18% of V2X.
• V2X exceeded quarterly earnings and revenue expectations, reporting $1.64 EPS and $1.26 billion in revenue, up 16.5% year over year. Analysts have a consensus “Hold” rating and an average price target of $86.90.

Legal & General Group Plc cut its stake in shares of V2X, Inc. (NYSE:VVX - Free Report) by 56.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,495 shares of the company's stock after selling 31,311 shares during the quarter. Legal & General Group Plc owned 0.08% of V2X worth $1,826,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VVX. BlackRock Inc. acquired a new stake in V2X during the 2nd quarter worth about $189,727,000. Wellington Management Group LLP lifted its stake in V2X by 842.1% during the third quarter. Wellington Management Group LLP now owns 803,517 shares of the company's stock valued at $46,676,000 after buying an additional 718,225 shares in the last quarter. Boston Partners boosted its holdings in shares of V2X by 5,323.3% in the third quarter. Boston Partners now owns 553,235 shares of the company's stock worth $32,139,000 after buying an additional 543,034 shares during the period. Reinhart Partners LLC. increased its position in shares of V2X by 60.6% in the fourth quarter. Reinhart Partners LLC. now owns 1,429,211 shares of the company's stock worth $77,964,000 after acquiring an additional 539,209 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of V2X during the fourth quarter valued at approximately $25,685,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

V2X Trading Up 0.1%

NYSE VVX opened at $74.24 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.92. V2X, Inc. has a 1-year low of $50.89 and a 1-year high of $93.98. The firm's fifty day simple moving average is $79.15 and its 200-day simple moving average is $75.15. The company has a market capitalization of $2.33 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 0.58 and a beta of 0.17.

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

Wall Street Analysts Forecast Growth

VVX has been the subject of a number of recent analyst reports. Noble Financial reaffirmed an "outperform" rating on shares of V2X in a research note on Tuesday, June 2nd. Citigroup reissued a "market outperform" rating on shares of V2X in a research report on Tuesday, July 28th. Wall Street Zen lowered V2X from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Truist Financial reaffirmed a "hold" rating and set a $85.00 target price (up from $70.00) on shares of V2X in a research note on Tuesday, August 4th. Finally, Stifel Nicolaus set a $102.00 price target on shares of V2X in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $86.90.

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.

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