New York State Teachers Retirement System Invests $73,000 in V2X, Inc. $VVX

New York State Teachers Retirement System bought a new position in V2X, Inc. (NYSE:VVX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,511 shares of the company’s stock, valued at approximately $73,000.

Other hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas purchased a new position in shares of V2X in the first quarter worth $1,392,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of V2X by 21.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 172,685 shares of the company’s stock worth $8,470,000 after buying an additional 30,800 shares in the last quarter. Cornerstone Select Advisors LLC purchased a new position in shares of V2X in the first quarter worth $228,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of V2X by 53.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,069 shares of the company’s stock worth $930,000 after buying an additional 6,629 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of V2X by 2.8% in the first quarter. Vanguard Group Inc. now owns 923,334 shares of the company’s stock worth $45,290,000 after buying an additional 25,222 shares in the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.

V2X Trading Up 3.3%

VVX stock opened at $60.12 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.02. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $69.75. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 0.60 and a beta of 0.25. The firm’s fifty day simple moving average is $57.42 and its two-hundred day simple moving average is $51.51.

V2X (NYSE:VVX) last posted its quarterly earnings data 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. V2X had a net margin of 1.63% and a return on equity of 15.28%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. As a group, analysts anticipate that V2X, Inc. will post 4.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of V2X from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th. Bank of America raised shares of V2X from a “neutral” rating to a “buy” rating and upped their price target for the company from $55.00 to $65.00 in a research note on Wednesday, August 13th. Stifel Nicolaus set a $63.00 price target on shares of V2X and gave the company a “buy” rating in a research note on Tuesday, August 5th. Morgan Stanley upped their price target on shares of V2X from $51.00 to $55.00 and gave the company an “underweight” rating in a research note on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of V2X in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.60.

Insiders Place Their Bets

In other news, Director Dino M. Cusumano sold 2,000,000 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 9,700,001 shares in the company, valued at approximately $485,000,050. This represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder American Industrial Partners C sold 1,700,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $52.20, for a total transaction of $88,740,000.00. Following the completion of the transaction, the insider owned 8,000,001 shares in the company, valued at approximately $417,600,052.20. The trade was a 17.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,400,000 shares of company stock worth $277,480,000 in the last quarter. Company insiders own 1.10% of the company’s stock.

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.