Assenagon Asset Management S.A. Has $2.58 Million Stock Holdings in V2X, Inc. $VVX

Assenagon Asset Management S.A. decreased its stake in V2X, Inc. (NYSE:VVX) by 23.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,481 shares of the company’s stock after selling 13,586 shares during the period. Assenagon Asset Management S.A.’s holdings in V2X were worth $2,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VVX. Ameritas Advisory Services LLC acquired a new position in V2X during the second quarter valued at approximately $25,000. Osaic Holdings Inc. increased its position in shares of V2X by 140.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,068 shares of the company’s stock worth $52,000 after purchasing an additional 623 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of V2X during the 2nd quarter worth approximately $73,000. Ameritas Investment Partners Inc. raised its stake in shares of V2X by 18.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,757 shares of the company’s stock worth $85,000 after purchasing an additional 275 shares in the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of V2X by 545.1% in the 2nd quarter. AlphaQuest LLC now owns 2,187 shares of the company’s stock valued at $106,000 after buying an additional 1,848 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.

V2X Trading Down 0.2%

Shares of VVX stock opened at $55.40 on Wednesday. V2X, Inc. has a 1-year low of $41.08 and a 1-year high of $63.74. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.01. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 0.56 and a beta of 0.12. The stock has a 50-day moving average of $55.86 and a 200-day moving average of $53.81.

V2X (NYSE:VVX) last released its quarterly earnings results on Monday, November 3rd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.14. The firm 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%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.29 EPS. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, equities research analysts forecast that V2X, Inc. will post 4.16 earnings per share for the current year.

Insider Buying and Selling at V2X

In other V2X news, Director Dino M. Cusumano sold 2,250,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $55.00, for a total transaction of $123,750,000.00. Following the sale, the director owned 5,750,001 shares of the company’s stock, valued at approximately $316,250,055. This represents a 28.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder American Industrial Partners C sold 1,200,000 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $55.05, for a total value of $66,060,000.00. Following the sale, the insider owned 4,550,001 shares of the company’s stock, valued at approximately $250,477,555.05. The trade was a 20.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 5,700,000 shares of company stock valued at $313,560,000. 0.88% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of V2X from $54.00 to $60.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 4th. Wall Street Zen raised shares of V2X from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 30th. Weiss Ratings restated a “hold (c)” rating on shares of V2X in a research note on Monday, December 15th. Citigroup began coverage on shares of V2X in a report on Thursday, December 11th. They issued a “neutral” rating and a $62.00 target price on the stock. Finally, Morgan Stanley reiterated an “underweight” rating and set a $61.00 price target on shares of V2X in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, V2X has a consensus rating of “Hold” and an average target price of $63.11.

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.