Salem Investment Counselors Inc. Boosts Holdings in V2X, Inc. $VVX

Salem Investment Counselors Inc. boosted its stake in V2X, Inc. (NYSE:VVX) by 161,111.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,509 shares of the company’s stock after acquiring an additional 14,500 shares during the period. Salem Investment Counselors Inc.’s holdings in V2X were worth $843,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of V2X during the 1st quarter worth approximately $19,753,000. Reinhart Partners LLC. bought a new position in V2X during the second quarter valued at $14,083,000. Ophir Asset Management Pty Ltd increased its position in V2X by 80.7% in the second quarter. Ophir Asset Management Pty Ltd now owns 613,343 shares of the company’s stock worth $28,980,000 after buying an additional 273,977 shares during the last quarter. Bridgeway Capital Management LLC purchased a new stake in V2X in the first quarter worth $11,036,000. Finally, Empowered Funds LLC bought a new stake in shares of V2X in the first quarter valued at $5,415,000. 95.18% of the stock is owned by institutional investors.

Insider Buying and Selling at V2X

In related news, major shareholder American Industrial Partners C sold 2,250,000 shares of V2X stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $55.00, for a total transaction of $123,750,000.00. Following the completion of the sale, the insider owned 5,750,001 shares of the company’s stock, valued at approximately $316,250,055. This trade represents a 28.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dino M. Cusumano sold 2,250,000 shares of the business’s stock in a transaction dated 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 owned 5,750,001 shares of the company’s stock, valued at approximately $316,250,055. The trade was a 28.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 5,700,000 shares of company stock valued at $313,560,000. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VVX shares. Stifel Nicolaus lifted their price objective on V2X from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Citigroup initiated coverage on shares of V2X in a research report on Thursday, December 11th. They set a “neutral” rating and a $62.00 target price for the company. Morgan Stanley reissued an “underweight” rating and issued a $61.00 price target on shares of V2X in a research report on Tuesday. Truist Financial upped their price target on shares of V2X from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Wall Street Zen upgraded shares of V2X from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, V2X presently has a consensus rating of “Hold” and a consensus price target of $63.11.

V2X Trading Down 1.5%

Shares of VVX opened at $54.65 on Thursday. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $63.74. The stock has a market cap of $1.72 billion, a PE ratio of 21.86, a P/E/G ratio of 0.56 and a beta of 0.12. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.01. The business’s 50-day moving average price is $56.10 and its 200-day moving average price is $53.47.

V2X (NYSE:VVX) last released its quarterly earnings data on Monday, November 3rd. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.13 billion. V2X had a net margin of 1.81% and a return on equity of 15.22%. V2X’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $1.29 earnings per share. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, equities analysts forecast that V2X, Inc. will post 4.16 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.