Sanctuary Advisors LLC bought a new position in shares of V2X, Inc. (NYSE:VVX – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 17,638 shares of the company’s stock, valued at approximately $1,315,000.
A number of other hedge funds also recently modified their holdings of VVX. Globeflex Capital L P raised its stake in V2X by 59.0% in the second quarter. Globeflex Capital L P now owns 79,622 shares of the company’s stock valued at $5,937,000 after purchasing an additional 29,556 shares in the last quarter. Kendall Capital Management increased its holdings in V2X by 25.5% in the 2nd quarter. Kendall Capital Management now owns 46,590 shares of the company’s stock valued at $3,474,000 after buying an additional 9,475 shares during the period. Ieq Capital LLC increased its holdings in V2X by 12.0% in the 2nd quarter. Ieq Capital LLC now owns 6,953 shares of the company’s stock valued at $518,000 after buying an additional 747 shares during the period. Thoroughbred Financial Services LLC acquired a new position in shares of V2X in the 2nd quarter valued at approximately $486,000. Finally, Allworth Financial LP raised its position in shares of V2X by 44.6% in the 2nd quarter. Allworth Financial LP now owns 765 shares of the company’s stock valued at $57,000 after buying an additional 236 shares in the last quarter. Institutional investors own 95.18% of the company’s stock.
Analysts Set New Price Targets
VVX has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “hold” rating and set a $85.00 price target (up from $70.00) on shares of V2X in a report on Tuesday, August 4th. BTIG Research restated a “buy” rating and set a $90.00 price objective on shares of V2X in a research report on Wednesday, May 27th. Morgan Stanley upped their target price on V2X from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Raymond James Financial downgraded V2X from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 24th. Finally, Zacks Research lowered V2X from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $86.90.
V2X Stock Up 0.9%
VVX stock opened at $78.68 on Friday. The stock has a market capitalization of $2.47 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 0.61 and a beta of 0.21. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.92. V2X, Inc. has a 12 month low of $50.89 and a 12 month high of $93.98. The firm has a 50-day moving average price of $79.45 and a 200-day moving average price of $74.72.
V2X (NYSE:VVX – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.20. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. V2X had a net margin of 1.88% and a return on equity of 17.52%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. V2X has set its FY 2026 guidance at 5.900-6.300 EPS. As a group, equities research analysts anticipate that V2X, Inc. will post 6.27 EPS 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.
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