Virtus Advisers LLC Takes $377,000 Position in 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 bought a new stake in V2X, Inc. (NYSE:VVX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,692 shares of the company's stock, valued at approximately $377,000.

Other large investors have also recently bought and sold shares of the company. State of Wyoming bought a new stake in V2X in the fourth quarter valued at approximately $45,000. Whipplewood Advisors LLC increased its stake in V2X by 4,066.7% in the first quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock valued at $49,000 after purchasing an additional 976 shares in the last quarter. CWM LLC increased its stake in V2X by 239.0% in the first quarter. CWM LLC now owns 990 shares of the company's stock valued at $49,000 after purchasing an additional 698 shares in the last quarter. Wealthquest Corp bought a new stake in V2X in the first quarter valued at approximately $97,000. Finally, GAMMA Investing LLC increased its stake in V2X by 3,403.3% in the first quarter. GAMMA Investing LLC now owns 3,188 shares of the company's stock valued at $156,000 after purchasing an additional 3,097 shares in the last quarter. Institutional investors own 95.18% of the company's stock.

Insiders Place Their Bets

In related news, Director Dino M. Cusumano sold 2,000,000 shares of the firm's 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. This trade represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Richard L. Jr. Caputo sold 4,000 shares of the firm's stock in a transaction 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 completion of the transaction, the senior vice president directly 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 disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

VVX has been the subject of several recent analyst reports. Stifel Nicolaus set a $63.00 target price on shares of V2X and gave the company a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen raised shares of V2X from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Bank of America raised shares of V2X from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $55.00 to $65.00 in a research 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 stock a "sell" rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, V2X has a consensus rating of "Moderate Buy" and an average target price of $63.36.

V2X Stock Up 0.5%

Shares of VVX stock traded up $0.30 during trading hours on Wednesday, hitting $58.30. 281,667 shares of the company were exchanged, compared to its average volume of 482,490. The business has a 50 day moving average of $51.14 and a two-hundred day moving average of $48.86. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.02. V2X, Inc. has a 52 week low of $41.08 and a 52 week high of $69.75. The company has a market capitalization of $1.85 billion, a PE ratio of 26.50, a PEG ratio of 0.59 and a beta of 0.27.

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

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.