V2X, Inc. (NYSE:VVX) Shares Sold by State Street Corp

State Street Corp lowered its position in V2X, Inc. (NYSE:VVX) by 9.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 432,747 shares of the company’s stock after selling 46,403 shares during the period. State Street Corp’s holdings in V2X were worth $24,173,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Quest Partners LLC raised its holdings in V2X by 112.3% in the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after purchasing an additional 356 shares during the period. Assenagon Asset Management S.A. increased its position in shares of V2X by 1.9% in the third quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock valued at $1,161,000 after buying an additional 394 shares in the last quarter. US Bancorp DE raised its stake in shares of V2X by 81.0% during the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after buying an additional 460 shares during the period. Lakewood Asset Management LLC lifted its holdings in V2X by 8.1% during the third quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock valued at $345,000 after purchasing an additional 462 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in V2X by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock valued at $347,000 after buying an additional 468 shares in the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction that occurred on 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 approximately $653,246.62. This trade represents a 19.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

V2X Price Performance

Shares of VVX stock opened at $49.01 on Monday. The firm’s 50-day moving average is $60.79 and its two-hundred day moving average is $54.50. V2X, Inc. has a 12 month low of $37.04 and a 12 month high of $69.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $1.55 billion, a PE ratio of 175.04 and a beta of 0.55.

V2X (NYSE:VVX) last posted its earnings results on Monday, November 4th. The company reported $1.29 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 the consensus estimate of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 earnings per share. Analysts predict that V2X, Inc. will post 4.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on V2X in a research report on Thursday, December 12th. They issued a “sell” rating and a $54.00 target price on the stock. Baird R W raised shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th. Robert W. Baird began coverage on shares of V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 target price for the company. JMP Securities boosted their price target on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 5th. Finally, BTIG Research began coverage on shares of V2X in a research note on Monday, November 25th. They set a “buy” rating and a $80.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.86.

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.