Fmr LLC Grows Stake in V2X, Inc. (NYSE:VVX)

Fmr LLC raised its position in V2X, Inc. (NYSE:VVX) by 17.2% during the third quarter, Holdings Channel reports. The fund owned 2,997,474 shares of the company’s stock after acquiring an additional 439,852 shares during the period. Fmr LLC owned about 0.09% of V2X worth $167,439,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quest Partners LLC boosted its stake in shares of V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after acquiring an additional 356 shares during the last quarter. US Bancorp DE grew its holdings in V2X by 81.0% during the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after purchasing an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in V2X by 200.2% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock worth $60,000 after buying an additional 839 shares in the last quarter. nVerses Capital LLC purchased a new stake in V2X in the third quarter worth about $95,000. Finally, SG Americas Securities LLC bought a new position in shares of V2X in the third quarter worth about $199,000. 95.18% of the stock is owned by hedge funds and other institutional investors.

V2X Price Performance

Shares of NYSE:VVX opened at $60.07 on Wednesday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 214.54 and a beta of 0.55. The firm has a fifty day moving average price of $61.17 and a 200 day moving average price of $53.58. V2X, Inc. has a fifty-two week low of $37.04 and a fifty-two week high of $69.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08.

V2X (NYSE:VVX) last released its quarterly earnings data on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The business’s revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that V2X, Inc. will post 4.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VVX shares. Raymond James increased their target price on shares of V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. BTIG Research began coverage on shares of V2X in a research report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target for the company. Baird R W upgraded shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of V2X in a report on Tuesday, November 5th. Finally, Robert W. Baird initiated coverage on V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $72.17.

Insider Buying and Selling at V2X

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the completion of the transaction, the general counsel now directly owns 10,634 shares in the company, valued at approximately $653,246.62. This represents a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William Boyd Noon bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $48.00 per share, with a total value of $48,000.00. Following the completion of the acquisition, the chief accounting officer now owns 10,931 shares of the company’s stock, valued at $524,688. This represents a 10.07 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 11,936 shares of company stock worth $572,928 in the last quarter. 1.10% of the stock is owned by corporate 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.