Fisher Asset Management LLC Lowers Position in V2X, Inc. $VVX

Fisher Asset Management LLC lessened its holdings in V2X, Inc. (NYSE:VVX) by 6.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 200,016 shares of the company’s stock after selling 13,663 shares during the quarter. Fisher Asset Management LLC’s holdings in V2X were worth $10,911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VVX. Royal Bank of Canada raised its position in shares of V2X by 46.6% in the first quarter. Royal Bank of Canada now owns 5,813 shares of the company’s stock worth $284,000 after buying an additional 1,847 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of V2X by 22.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,867 shares of the company’s stock worth $484,000 after buying an additional 1,826 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 buying an additional 4,747 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of V2X in the first quarter worth $329,000. Finally, Rhumbline Advisers increased its stake in V2X by 20.8% in the second quarter. Rhumbline Advisers now owns 27,992 shares of the company’s stock valued at $1,359,000 after acquiring an additional 4,824 shares during the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Insider Activity

In other news, major shareholder American Industrial Partners C sold 2,545,432 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $68.21, for a total transaction of $173,623,916.72. Following the transaction, the insider directly owned 2,004,569 shares of the company’s stock, valued at approximately $136,731,651.49. This trade represents a 55.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on VVX. Truist Financial increased their target price on V2X from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Citizens Jmp increased their target price on V2X from $80.00 to $90.00 and gave the company a “market outperform” rating in a research note on Tuesday, May 5th. Robert W. Baird set a $94.00 target price on V2X in a research note on Tuesday, February 24th. The Goldman Sachs Group increased their target price on V2X from $57.00 to $63.00 and gave the company a “sell” rating in a research note on Monday, March 2nd. Finally, Stifel Nicolaus upped their target price on V2X from $77.50 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.80.

V2X Stock Up 2.2%

Shares of VVX opened at $77.57 on Thursday. The firm has a market cap of $2.43 billion, a P/E ratio of 27.80, a P/E/G ratio of 0.61 and a beta of 0.12. The stock has a 50 day simple moving average of $69.43 and a two-hundred day simple moving average of $64.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.25 and a quick ratio of 1.25. V2X, Inc. has a 1 year low of $43.42 and a 1 year high of $78.36.

V2X (NYSE:VVX) last issued its earnings results on Monday, May 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.29. V2X had a return on equity of 16.94% and a net margin of 1.88%.The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. V2X’s revenue for the quarter was up 23.4% on a year-over-year basis. V2X has set its FY 2026 guidance at 5.750-6.150 EPS. On average, analysts forecast that V2X, Inc. will post 6.13 earnings per share for the current fiscal year.

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.