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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in V2X in the 4th quarter worth approximately $45,000. CWM LLC increased its holdings in V2X by 239.0% in the 1st quarter. CWM LLC now owns 990 shares of the company's stock worth $49,000 after acquiring an additional 698 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in V2X by 4,066.7% in the 1st quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock worth $49,000 after acquiring an additional 976 shares in the last quarter. Wealthquest Corp purchased a new stake in V2X in the 1st quarter worth approximately $97,000. Finally, GAMMA Investing LLC increased its holdings in V2X by 3,403.3% in the 1st quarter. GAMMA Investing LLC now owns 3,188 shares of the company's stock worth $156,000 after acquiring an additional 3,097 shares in the last quarter. 95.18% of the stock is owned by hedge funds and other institutional investors.

V2X Price Performance

Shares of NYSE VVX traded down $0.30 during midday trading on Friday, reaching $57.46. 297,250 shares of the stock traded hands, compared to its average volume of 495,676. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $1.82 billion, a PE ratio of 26.12, a P/E/G ratio of 0.59 and a beta of 0.27. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75. The company's 50 day moving average is $51.66 and its 200 day moving average is $48.98.

V2X (NYSE:VVX - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.33. The firm had revenue of $1.08 billion during 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%.The company's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, equities research analysts anticipate that V2X, Inc. will post 4.16 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VVX shares. Stifel Nicolaus set a $63.00 target price on shares of V2X and gave the stock a "buy" rating in a report on Tuesday, August 5th. Wall Street Zen raised shares of V2X from a "buy" rating to a "strong-buy" rating in a report on Saturday. 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. Finally, 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. One 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $63.36.

Insider Buying and Selling

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

V2X 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.