Swiss National Bank Boosts Position in V2X, Inc. $VVX

Key Points

• The Swiss National Bank increased its stake in V2X, Inc. ($VVX) by 21.3% in the first quarter, now owning approximately 0.11% of the company's shares worth about $1.65 million.
• Bank of America upgraded V2X from a "neutral" to a "buy" rating, raising the price target from $55 to $65.
• Company insiders sold significant shares, including a director who sold 2,000,000 shares for approximately $100 million, representing a 17.09% decrease in ownership.

Swiss National Bank boosted its position in shares of V2X, Inc. (NYSE:VVX - Free Report) by 21.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,600 shares of the company's stock after purchasing an additional 5,900 shares during the period. Swiss National Bank owned about 0.11% of V2X worth $1,648,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. State of Wyoming bought a new position in shares of V2X in the 4th quarter valued at about $45,000. 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 purchasing an additional 976 shares during the period. CWM LLC grew its holdings in V2X by 239.0% during the first quarter. CWM LLC now owns 990 shares of the company's stock worth $49,000 after purchasing an additional 698 shares during the period. Wealthquest Corp bought a new position 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 purchasing an additional 3,097 shares during the period. Institutional investors own 95.18% of the company's stock.

V2X Trading Up 0.5%

VVX traded up $0.30 during trading on Wednesday, reaching $58.30. 281,667 shares of the stock traded hands, compared to its average volume of 482,490. The stock's 50-day moving average is $51.14 and its 200 day moving average is $48.86. V2X, Inc. has a 12 month low of $41.08 and a 12 month high of $69.75. The stock has a market capitalization of $1.85 billion, a PE ratio of 11.77, a P/E/G ratio of 0.59 and a beta of 0.27. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.02.

V2X (NYSE:VVX - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $1.33 earnings per share 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 analyst estimates of $1.06 billion. V2X had a net margin of 1.63% and a return on equity of 15.28%. The firm's revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 EPS. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. Equities analysts anticipate that V2X, Inc. will post 4.16 earnings per share for the current year.

Insider Buying and Selling at V2X

In related news, SVP Richard L. Jr. Caputo sold 4,000 shares of V2X stock in a transaction 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 transaction, the senior vice president owned 15,869 shares in the company, valued at $705,059.67. This trade represents a 20.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dino M. Cusumano sold 2,000,000 shares of V2X stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $50.00, for a total transaction of $100,000,000.00. Following the sale, the director directly owned 9,700,001 shares in the company, valued at $485,000,050. The trade was a 17.09% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of V2X from $45.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 13th. Bank of America upgraded shares of V2X from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $55.00 to $65.00 in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of V2X from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Stifel Nicolaus set a $63.00 price target on V2X and gave the company a "buy" rating in a research note on Tuesday, August 5th. One 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.36.

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.