Fisher Asset Management LLC Reduces Stake in V2X, Inc. $VVX

Fisher Asset Management LLC decreased its holdings in shares of V2X, Inc. (NYSE:VVX) by 11.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,944 shares of the company’s stock after selling 27,742 shares during the quarter. Fisher Asset Management LLC owned approximately 0.66% of V2X worth $10,096,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in V2X during the first quarter worth approximately $19,753,000. Reinhart Partners LLC. acquired a new stake in V2X during the 2nd quarter worth $14,083,000. Bridgeway Capital Management LLC purchased a new stake in V2X in the first quarter valued at $11,036,000. Empowered Funds LLC acquired a new position in V2X in the first quarter valued at $5,415,000. Finally, AQR Capital Management LLC grew its holdings in shares of V2X by 149.6% during the first quarter. AQR Capital Management LLC now owns 118,012 shares of the company’s stock worth $5,788,000 after purchasing an additional 70,728 shares during the last quarter. 95.18% of the stock is owned by institutional investors and hedge funds.

V2X Price Performance

Shares of NYSE VVX opened at $55.90 on Thursday. The stock has a fifty day moving average price of $56.59 and a 200 day moving average price of $52.84. V2X, Inc. has a 1-year low of $41.08 and a 1-year high of $63.74. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $1.76 billion, a PE ratio of 22.36, a P/E/G ratio of 0.55 and a beta of 0.12.

V2X (NYSE:VVX) last announced its quarterly earnings data on Monday, November 3rd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.14. V2X had a net margin of 1.81% and a return on equity of 15.22%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the company posted $1.29 EPS. V2X’s revenue was up 7.9% 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 EPS for the current year.

Insider Transactions at V2X

In related news, major shareholder American Industrial Partners C sold 2,250,000 shares of V2X stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $55.00, for a total value of $123,750,000.00. Following the sale, the insider directly owned 5,750,001 shares in the company, valued at $316,250,055. The trade was a 28.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dino M. Cusumano sold 2,250,000 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $55.00, for a total value of $123,750,000.00. Following the transaction, the director directly owned 5,750,001 shares in the company, valued at $316,250,055. This represents a 28.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 7,900,000 shares of company stock valued at $424,980,000. 0.88% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of V2X in a report on Monday, November 24th. Wall Street Zen upgraded V2X from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th. Bank of America upgraded 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. Zacks Research upgraded shares of V2X from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Finally, Morgan Stanley raised their price objective on shares of V2X from $51.00 to $55.00 and gave the stock an “underweight” rating in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, V2X currently has an average rating of “Moderate Buy” and a consensus price target of $62.67.

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.