Kendall Capital Management increased its position in V2X, Inc. (NYSE:VVX – Free Report) by 45.3% in the 4th quarter, HoldingsChannel reports. The fund owned 31,115 shares of the company’s stock after purchasing an additional 9,705 shares during the period. Kendall Capital Management’s holdings in V2X were worth $1,697,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VVX. Royal Bank of Canada lifted its holdings in V2X by 46.6% during the first quarter. Royal Bank of Canada now owns 5,813 shares of the company’s stock valued at $284,000 after purchasing an additional 1,847 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in V2X by 22.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,867 shares of the company’s stock worth $484,000 after purchasing an additional 1,826 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of V2X by 10.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,544 shares of the company’s stock worth $2,430,000 after purchasing an additional 4,747 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of V2X in the first quarter worth about $329,000. Finally, Legal & General Group Plc raised its position in shares of V2X by 46.5% in the second quarter. Legal & General Group Plc now owns 35,959 shares of the company’s stock valued at $1,746,000 after purchasing an additional 11,417 shares during the period. 95.18% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently commented on VVX. The Goldman Sachs Group upped their price target on shares of V2X from $57.00 to $63.00 and gave the company a “sell” rating in a research note on Monday, March 2nd. Truist Financial reissued a “hold” rating and set a $68.00 target price (up from $65.00) on shares of V2X in a report on Tuesday, February 24th. Weiss Ratings upgraded V2X from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 27th. Robert W. Baird set a $94.00 price target on V2X in a report on Tuesday, February 24th. Finally, BTIG Research lifted their price target on V2X from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $72.56.
Insider Buying and Selling
In other news, major shareholder American Industrial Partners C sold 2,545,432 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $68.21, for a total transaction of $173,623,916.72. Following the completion of the transaction, the insider directly owned 2,004,569 shares in the company, valued at $136,731,651.49. The trade was a 55.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by insiders.
V2X Trading Up 0.5%
Shares of V2X stock opened at $69.76 on Friday. The company’s 50-day moving average price is $68.62 and its 200-day moving average price is $61.36. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.00. V2X, Inc. has a 12-month low of $42.09 and a 12-month high of $75.00. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 0.59 and a beta of 0.14.
V2X (NYSE:VVX – Get Free Report) last issued its quarterly earnings data on Monday, February 23rd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.33 by $0.23. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. V2X had a net margin of 1.74% and a return on equity of 15.64%. V2X’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.33 earnings per share. V2X has set its FY 2026 guidance at 5.500-5.900 EPS. On average, equities analysts expect that V2X, Inc. will post 4.16 earnings per share for the current fiscal 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.
Further Reading
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