Vanguard Group Inc. Has $45.29 Million Stock Position in 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. grew its position in V2X, Inc. (NYSE:VVX - Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

A number of other hedge funds also recently modified their holdings of VVX. Simcoe Capital Management LLC lifted its position in shares of V2X by 252.8% in the 4th quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company's stock worth $35,057,000 after acquiring an additional 525,204 shares during the period. Pacer Advisors Inc. bought a new position in shares of V2X during the 1st quarter worth approximately $8,853,000. Victory Capital Management Inc. lifted its position in shares of V2X by 61.1% during the 1st quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock worth $23,040,000 after buying an additional 178,136 shares during the period. Zimmer Partners LP lifted its position in shares of V2X by 48.5% during the 4th quarter. Zimmer Partners LP now owns 389,609 shares of the company's stock worth $18,635,000 after buying an additional 127,189 shares during the period. Finally, Voloridge Investment Management LLC bought a new position in shares of V2X during the 4th quarter worth approximately $5,416,000. Institutional investors own 95.18% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on VVX. Bank of America upgraded V2X from a "neutral" rating to a "buy" rating and raised their target price for the stock from $55.00 to $65.00 in a research report on Wednesday, August 13th. Wall Street Zen upgraded V2X from a "buy" rating to a "strong-buy" rating in a research report on Saturday. The Goldman Sachs Group raised their target price on V2X from $45.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 13th. Finally, Stifel Nicolaus set a $63.00 target price on V2X and gave the stock a "buy" rating in a research report on Tuesday, August 5th. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $63.36.

Insider Buying and Selling at V2X

In other V2X news, SVP Richard L. Jr. Caputo sold 4,000 shares of V2X stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $44.43, for a total value of $177,720.00. Following the completion of the transaction, the senior vice president owned 15,869 shares in the company, valued at approximately $705,059.67. The trade was a 20.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dino M. Cusumano sold 2,000,000 shares of V2X stock in a transaction 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 completion of the transaction, the director owned 9,700,001 shares of the company's stock, valued at approximately $485,000,050. The trade was a 17.09% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.88% of the company's stock.

V2X Price Performance

VVX traded down $0.30 during trading on Friday, hitting $57.46. The company's stock had a trading volume of 297,250 shares, compared to its average volume of 497,267. The firm's 50 day moving average price is $51.66 and its two-hundred day moving average price is $49.00. 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, Inc. has a 12 month low of $41.08 and a 12 month high of $69.75. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 0.59 and a beta of 0.30.

V2X (NYSE:VVX - Get Free Report) last issued 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 firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The business's revenue for the quarter was up .6% compared to the same quarter last year. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. Sell-side analysts forecast that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

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.