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

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

A number of other hedge funds have also recently made changes to their positions in VVX. Nuveen LLC bought a new position in shares of V2X in the first quarter worth about $19,753,000. Reinhart Partners LLC. purchased a new stake in V2X in the second quarter worth about $14,083,000. Bridgeway Capital Management LLC purchased a new stake in V2X in the first quarter worth about $11,036,000. Pacer Advisors Inc. purchased a new stake in V2X in the first quarter worth about $8,853,000. Finally, Victory Capital Management Inc. lifted its stake in V2X by 61.1% in the first quarter. Victory Capital Management Inc. now owns 469,724 shares of the company’s stock worth $23,040,000 after acquiring an additional 178,136 shares during the period. 95.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VVX has been the subject of a number of research reports. Morgan Stanley upped their price objective on shares of V2X from $51.00 to $55.00 and gave the stock an “underweight” rating in a research note on Friday, September 19th. Zacks Research raised shares of V2X from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Bank of America raised shares of V2X from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $55.00 to $65.00 in a research note on Wednesday, August 13th. The Goldman Sachs Group upped their price objective on shares of V2X from $45.00 to $50.00 and gave the stock a “sell” rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen raised shares of V2X from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.60.

V2X Stock Performance

VVX stock opened at $60.12 on Friday. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 0.60 and a beta of 0.25. The firm has a 50-day simple moving average of $57.42 and a two-hundred day simple moving average of $51.51. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.20 and a current ratio of 1.20.

V2X (NYSE:VVX) last released its quarterly earnings results on Monday, August 4th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.00 by $0.33. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. V2X had a net margin of 1.63% and a return on equity of 15.28%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 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.

Insider Activity

In other V2X news, Director Dino M. Cusumano sold 1,700,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $52.20, for a total transaction of $88,740,000.00. Following the completion of the sale, the director directly owned 8,000,001 shares of the company’s stock, valued at approximately $417,600,052.20. This represents a 17.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder American Industrial Partners C sold 1,700,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were 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 directly owned 8,000,001 shares of the company’s stock, valued at $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. Over the last three months, insiders have sold 5,400,000 shares of company stock valued at $277,480,000. Insiders own 1.10% of the company’s stock.

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.