Rhumbline Advisers Has $1.01 Million Stock Holdings in V2X, Inc. (NYSE:VVX)

Rhumbline Advisers boosted its position in shares of V2X, Inc. (NYSE:VVX) by 4.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,991 shares of the company’s stock after purchasing an additional 863 shares during the quarter. Rhumbline Advisers’ holdings in V2X were worth $1,007,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of VVX. Vanguard Group Inc. grew its holdings in shares of 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 period. Hennion & Walsh Asset Management Inc. grew its stake 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 period. Janney Montgomery Scott LLC increased its holdings in shares of 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 acquiring an additional 287 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of V2X by 9.2% during the first 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 period. Finally, Peregrine Capital Management LLC bought a new position in shares of V2X during the 2nd quarter valued at about $6,982,000. Institutional investors own 95.18% of the company’s stock.

V2X Price Performance

Shares of NYSE VVX opened at $54.60 on Monday. The company has a fifty day moving average price of $51.09 and a 200 day moving average price of $48.39. V2X, Inc. has a 1-year low of $37.04 and a 1-year high of $58.25. The firm has a market cap of $1.72 billion, a PE ratio of -420.00 and a beta of 0.60. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15.

V2X (NYSE:VVX) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.02 billion. V2X had a positive return on equity of 11.69% and a negative net margin of 0.30%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 earnings per share. Research analysts predict that V2X, Inc. will post 4.12 earnings per share for the current fiscal year.

Insider Activity

In other V2X news, CEO Jeremy C. Wensinger bought 6,250 shares of V2X stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $48.00 per share, for a total transaction of $300,000.00. Following the completion of the acquisition, the chief executive officer now owns 6,250 shares of the company’s stock, valued at approximately $300,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other V2X news, CEO Jeremy C. Wensinger purchased 6,250 shares of the business’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, with a total value of $300,000.00. Following the transaction, the chief executive officer now directly owns 6,250 shares of the company’s stock, valued at approximately $300,000. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO William Boyd Noon acquired 1,000 shares of V2X stock in a transaction dated 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 completion of the purchase, the chief accounting officer now owns 10,931 shares in the company, valued at $524,688. The disclosure for this purchase can be found here. Insiders have acquired 11,936 shares of company stock worth $572,928 over the last ninety days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

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

V2X 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.