Geode Capital Management LLC Acquires 4,370 Shares of V2X, Inc. (NYSE:VVX)

Geode Capital Management LLC increased its stake in V2X, Inc. (NYSE:VVX) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 274,247 shares of the company’s stock after purchasing an additional 4,370 shares during the quarter. Geode Capital Management LLC’s holdings in V2X were worth $15,322,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC grew its holdings in V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after buying an additional 356 shares in the last quarter. US Bancorp DE boosted its holdings in shares of V2X by 81.0% in the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after purchasing an additional 460 shares in the last quarter. nVerses Capital LLC bought a new position in shares of V2X during the 3rd quarter valued at $95,000. SG Americas Securities LLC bought a new stake in shares of V2X in the 3rd quarter valued at about $199,000. Finally, Quadrature Capital Ltd bought a new stake in V2X in the 3rd quarter worth $207,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Insider Activity at V2X

In related news, General Counsel Jeremy John Nance sold 2,500 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $61.43, for a total value of $153,575.00. Following the completion of the sale, the general counsel now owns 10,634 shares in the company, valued at $653,246.62. This trade represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company’s stock.

V2X Stock Down 1.2 %

Shares of NYSE VVX opened at $46.98 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $59.15 and a 200 day moving average of $54.48. V2X, Inc. has a 12-month low of $37.04 and a 12-month high of $69.75. The stock has a market cap of $1.48 billion, a PE ratio of 167.79 and a beta of 0.55.

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

Wall Street Analyst Weigh In

VVX has been the topic of a number of research analyst reports. The Goldman Sachs Group assumed coverage on V2X in a report on Thursday, December 12th. They set a “sell” rating and a $54.00 target price on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $58.00 target price (down previously from $70.00) on shares of V2X in a research report on Thursday, December 19th. Robert W. Baird started coverage on shares of V2X in a research note on Friday, October 11th. They set an “outperform” rating and a $75.00 target price for the company. Baird R W upgraded shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th. Finally, JMP Securities raised their target price on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, V2X has an average rating of “Moderate Buy” and an average price target of $67.86.

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.