Vanguard Group Inc. Buys 25,222 Shares of V2X, Inc. $VVX

Key Points

• Vanguard Group Inc. has increased its stake in V2X, Inc. by 2.8% during the 1st quarter, now holding 923,334 shares valued at approximately $45.3 million.
• Analysts have upgraded V2X's rating, with Goldman Sachs raising its target price from $45 to $50 and Bank of America increasing its target price from $55 to $65, reflecting growing investor confidence.
• V2X reported a quarterly earnings per share (EPS) of $1.33, surpassing estimates and showcasing a revenue increase of 0.6% year-over-year, indicating a strong financial performance.

Vanguard Group Inc. lifted its position in V2X, Inc. (NYSE:VVX - Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 923,334 shares of the company's stock after acquiring an additional 25,222 shares during the quarter. Vanguard Group Inc. owned 2.92% of V2X worth $45,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in VVX. LPL Financial LLC raised its holdings in shares of V2X by 11.0% in the fourth quarter. LPL Financial LLC now owns 5,112 shares of the company's stock valued at $245,000 after acquiring an additional 508 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of V2X by 41.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,178 shares of the company's stock valued at $439,000 after acquiring an additional 2,677 shares in the last quarter. Legal & General Group Plc boosted its position in V2X by 11.3% in the fourth quarter. Legal & General Group Plc now owns 22,847 shares of the company's stock valued at $1,093,000 after buying an additional 2,312 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in V2X in the fourth quarter valued at approximately $1,150,000. Finally, Dimensional Fund Advisors LP boosted its position in V2X by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 878,820 shares of the company's stock valued at $42,035,000 after buying an additional 97,399 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VVX shares. Wall Street Zen raised V2X from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. The Goldman Sachs Group upped their target price on V2X from $45.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, August 13th. Stifel Nicolaus set a $63.00 price objective on V2X and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Bank of America raised 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 research note on Wednesday, August 13th. One investment 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.36.

V2X Stock Performance

Shares of VVX opened at $57.82 on Tuesday. The stock has a 50-day simple moving average of $50.61 and a 200-day simple moving average of $48.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $1.83 billion, a PE ratio of 26.28, a PEG ratio of 0.60 and a beta of 0.27. V2X, Inc. has a 1 year low of $41.08 and a 1 year high of $69.75.

V2X (NYSE:VVX - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.33. V2X had a return on equity of 15.28% and a net margin of 1.63%.The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter last year, the business posted $0.83 EPS. The business's quarterly revenue was up .6% compared to the same quarter last year. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, analysts predict that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $44.43, for a total transaction of $177,720.00. Following the sale, the senior vice president owned 15,869 shares of the company's stock, valued at approximately $705,059.67. This trade represents a 20.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $100,000,000.00. Following the sale, the director directly owned 9,700,001 shares in the company, valued at $485,000,050. This trade represents a 17.09% decrease in their position. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company 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.

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