Allspring Global Investments Holdings LLC Grows Holdings in V2X, Inc. (NYSE:VVX)

Allspring Global Investments Holdings LLC increased its position in shares of V2X, Inc. (NYSE:VVX - Free Report) by 53.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,069 shares of the company's stock after buying an additional 6,629 shares during the period. Allspring Global Investments Holdings LLC owned 0.06% of V2X worth $930,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. State of Wyoming bought a new position in V2X during the fourth quarter worth $45,000. Whipplewood Advisors LLC raised its stake in V2X by 4,066.7% during the first quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock worth $49,000 after buying an additional 976 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after buying an additional 288 shares during the last quarter. Wealthquest Corp bought a new position in V2X during the first quarter worth $97,000. Finally, KLP Kapitalforvaltning AS bought a new position in V2X during the fourth quarter worth $134,000. Institutional investors own 95.18% of the company's stock.

Insider Activity

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of V2X stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $44.43, for a total transaction of $177,720.00. Following the completion of the transaction, the senior vice president directly owned 15,869 shares in the company, valued at $705,059.67. This trade represents a 20.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VVX shares. Stifel Nicolaus initiated coverage on shares of V2X in a research note on Tuesday, June 24th. They set a "buy" rating and a $55.00 target price for the company. Truist Financial reduced their price target on shares of V2X from $68.00 to $55.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley initiated coverage on shares of V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price target for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.80.

V2X Stock Up 0.9%

Shares of NYSE VVX traded up $0.45 during mid-day trading on Thursday, reaching $49.88. 33,560 shares of the company's stock traded hands, compared to its average volume of 217,563. The stock has a market cap of $1.58 billion, a P/E ratio of 38.54, a PEG ratio of 0.54 and a beta of 0.24. The business has a 50-day simple moving average of $47.36 and a 200 day simple moving average of $48.26. V2X, Inc. has a 1-year low of $41.08 and a 1-year high of $69.75. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.16 and a quick ratio of 1.16.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.04 billion. V2X had a net margin of 0.96% and a return on equity of 13.97%. The business's revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. On average, analysts expect that V2X, Inc. will post 4.16 EPS for the current fiscal year.

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.