Dimensional Fund Advisors LP Has $31.74 Million Stake in V2X, Inc. (NYSE:VVX)

Dimensional Fund Advisors LP lifted its stake in V2X, Inc. (NYSE:VVX) by 15.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 661,845 shares of the company’s stock after purchasing an additional 87,741 shares during the period. Dimensional Fund Advisors LP owned 2.10% of V2X worth $31,741,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in V2X by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock valued at $27,476,000 after buying an additional 5,259 shares during the last quarter. Factorial Partners LLC boosted its holdings in V2X by 28.6% in the second quarter. Factorial Partners LLC now owns 54,000 shares of the company’s stock valued at $2,590,000 after acquiring an additional 12,000 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in V2X by 50.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 13,212 shares of the company’s stock valued at $634,000 after acquiring an additional 4,419 shares during the last quarter. Janney Montgomery Scott LLC increased its position in V2X by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company’s stock worth $475,000 after purchasing an additional 287 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in V2X by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,998 shares of the company’s stock worth $420,000 after purchasing an additional 759 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $55.00 target price on shares of V2X in a research note on Wednesday, August 7th.

V2X Stock Performance

VVX stock opened at $56.67 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15. V2X, Inc. has a twelve month low of $37.04 and a twelve month high of $58.25. The business’s fifty day moving average is $51.53 and its 200-day moving average is $48.85. The company has a market cap of $1.77 billion, a P/E ratio of -435.92 and a beta of 0.60.

V2X (NYSE:VVX) last released its earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.02 billion. V2X had a negative net margin of 0.30% and a positive return on equity of 11.69%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. Equities research analysts forecast that V2X, Inc. will post 4.11 EPS for the current year.

Insider Buying and Selling

In other news, Director Eric M. Pillmore bought 3,125 shares of the stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now owns 41,516 shares of the company’s stock, valued at $1,992,768. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other V2X news, CAO William Boyd Noon acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $48.00 per share, with a total value of $48,000.00. Following the purchase, the chief accounting officer now owns 10,931 shares of the company’s stock, valued at approximately $524,688. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric M. Pillmore bought 3,125 shares of V2X stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the director now owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. The disclosure for this purchase can be found here. Insiders have bought 11,936 shares of company stock valued at $572,928 in the last 90 days. 1.10% of the stock is owned by insiders.

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.