Virtus Advisers LLC Buys Shares of 7,692 V2X, Inc. $VVX

Key Points

• Virtus Advisers LLC acquired 7,692 shares of V2X, Inc. for approximately $377,000 during Q1, indicating growing institutional interest in the company.
• SVP Richard L. Caputo and Director Dino M. Cusumano sold substantial amounts of V2X stock, reducing their holdings by 20.13% and 17.09%, respectively.
• Bank of America upgraded V2X to a "buy" rating and raised its price target from $55.00 to $65.00, reflecting positive analyst sentiment about the company's growth prospects.

Virtus Advisers LLC purchased a new stake in V2X, Inc. (NYSE:VVX - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,692 shares of the company's stock, valued at approximately $377,000.

A number of other institutional investors have also recently made changes to their positions in VVX. Simcoe Capital Management LLC lifted its holdings 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 valued at $35,057,000 after acquiring an additional 525,204 shares during the last quarter. Nuveen LLC purchased a new stake in V2X in the 1st quarter worth about $19,753,000. Pacer Advisors Inc. purchased a new stake in V2X in the 1st quarter worth about $8,853,000. Victory Capital Management Inc. raised its position in V2X by 61.1% in the 1st quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock worth $23,040,000 after purchasing an additional 178,136 shares during the period. Finally, Zimmer Partners LP raised its position in V2X by 48.5% in the 4th quarter. Zimmer Partners LP now owns 389,609 shares of the company's stock worth $18,635,000 after purchasing an additional 127,189 shares during the period. Institutional investors own 95.18% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group increased 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. Stifel Nicolaus set a $63.00 target price on shares of V2X and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Wall Street Zen raised shares of V2X from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Bank of America raised shares of 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $63.36.

Insider Activity at V2X

In related news, SVP Richard L. Jr. Caputo sold 4,000 shares of V2X stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $44.43, for a total transaction of $177,720.00. Following the transaction, the senior vice president directly owned 15,869 shares of the company's stock, valued at $705,059.67. This trade represents a 20.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Dino M. Cusumano sold 2,000,000 shares of V2X stock in a transaction that occurred on 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 transaction, the director directly owned 9,700,001 shares in the company, valued at approximately $485,000,050. The trade was a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

V2X Stock Down 0.5%

VVX stock traded down $0.30 during trading on Friday, hitting $57.46. 297,250 shares of the company's stock traded hands, compared to its average volume of 495,676. The firm has a market capitalization of $1.82 billion, a P/E ratio of 26.12, a PEG ratio of 0.59 and a beta of 0.27. The business has a fifty day simple moving average of $51.66 and a two-hundred day simple moving average of $48.98. 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 1 year low of $41.08 and a 1 year high of $69.75.

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. 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%. V2X's revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. Sell-side analysts anticipate that V2X, Inc. will post 4.16 EPS for the current year.

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.