V2X, Inc. (NYSE:VVX) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in V2X, Inc. (NYSE:VVX - Free Report) by 53.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,069 shares of the company's stock after acquiring an additional 6,629 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of V2X worth $930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VVX. State of Wyoming purchased a new position in V2X in the 4th quarter worth $45,000. Whipplewood Advisors LLC raised its stake in V2X by 4,066.7% in the 1st quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock worth $49,000 after acquiring an additional 976 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in V2X by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after acquiring an additional 288 shares during the last quarter. Wealthquest Corp acquired a new stake in V2X during the 1st quarter worth about $97,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of V2X during the 4th quarter valued at about $134,000. Hedge funds and other institutional investors own 95.18% of the company's stock.

V2X Price Performance

Shares of NYSE:VVX traded down $1.18 during trading on Friday, reaching $48.54. 185,982 shares of the company's stock traded hands, compared to its average volume of 219,975. V2X, Inc. has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.05. The firm has a market cap of $1.54 billion, a PE ratio of 10.95, a P/E/G ratio of 0.54 and a beta of 0.24. The company has a 50-day simple moving average of $47.34 and a 200-day simple moving average of $48.28.

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

Insider Transactions at V2X

In related news, SVP Richard L. Jr. Caputo sold 4,000 shares of V2X stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $44.43, for a total value of $177,720.00. Following the sale, the senior vice president directly owned 15,869 shares in the company, valued at approximately $705,059.67. The trade was a 20.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

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

About V2X

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.