Globeflex Capital L P grew its stake in V2X, Inc. (NYSE:VVX – Free Report) by 59.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 79,622 shares of the company’s stock after buying an additional 29,556 shares during the period. Globeflex Capital L P’s holdings in V2X were worth $5,937,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in VVX. BlackRock Inc. purchased a new stake in shares of V2X during the second quarter valued at $189,727,000. Wellington Management Group LLP raised its stake in V2X by 842.1% in the 3rd quarter. Wellington Management Group LLP now owns 803,517 shares of the company’s stock worth $46,676,000 after acquiring an additional 718,225 shares during the last quarter. Boston Partners raised its stake in V2X by 5,323.3% in the 3rd quarter. Boston Partners now owns 553,235 shares of the company’s stock worth $32,139,000 after acquiring an additional 543,034 shares during the last quarter. Reinhart Partners LLC. lifted its position in V2X by 60.6% during the 4th quarter. Reinhart Partners LLC. now owns 1,429,211 shares of the company’s stock worth $77,964,000 after acquiring an additional 539,209 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in V2X during the 4th quarter worth about $25,685,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on VVX. Stifel Nicolaus set a $102.00 price objective on V2X in a report on Tuesday, August 4th. BTIG Research reaffirmed a “buy” rating and set a $90.00 target price on shares of V2X in a report on Wednesday, May 27th. Citigroup reiterated a “market outperform” rating on shares of V2X in a research report on Tuesday, July 28th. Bank of America increased their price target on shares of V2X from $78.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Morgan Stanley raised their price target on shares of V2X from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $86.90.
V2X Stock Up 0.2%
Shares of VVX opened at $78.68 on Monday. V2X, Inc. has a 52 week low of $50.89 and a 52 week high of $93.98. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 0.61 and a beta of 0.21. The stock’s 50-day moving average price is $80.22 and its 200-day moving average price is $74.39.
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 analysts’ consensus estimates of $1.44 by $0.20. V2X had a return on equity of 17.52% and a net margin of 1.88%.The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the company posted $1.33 earnings per share. V2X’s revenue for the quarter was up 16.5% on a year-over-year basis. V2X has set its FY 2026 guidance at 5.900-6.300 EPS. On average, sell-side analysts predict that V2X, Inc. will post 6.27 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.
See Also
- Five stocks we like better than V2X
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Want to see what other hedge funds are holding VVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for V2X, Inc. (NYSE:VVX – Free Report).
Receive News & Ratings for V2X Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for V2X and related companies with MarketBeat.com's FREE daily email newsletter.
