Ameriprise Financial Inc. boosted its position in shares of V2X, Inc. (NYSE:VVX - Free Report) by 37.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,498 shares of the company's stock after buying an additional 10,235 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.12% of V2X worth $1,794,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its position in shares of V2X by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock valued at $71,000 after buying an additional 288 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of V2X during the 4th quarter worth approximately $134,000. Aquatic Capital Management LLC purchased a new stake in shares of V2X in the fourth quarter valued at approximately $171,000. Edmond DE Rothschild Holding S.A. increased its holdings in shares of V2X by 15.3% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock valued at $201,000 after purchasing an additional 558 shares during the last quarter. Finally, Nebula Research & Development LLC acquired a new stake in shares of V2X in the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors own 95.18% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on VVX. Raymond James lowered their price objective on V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Morgan Stanley began coverage on V2X in a report on Wednesday, April 16th. They set an "underweight" rating and a $51.00 price target on the stock. Royal Bank of Canada dropped their price objective on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Finally, Truist Financial cut their price objective on shares of V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $63.67.
Read Our Latest Research Report on VVX
V2X Trading Down 1.1%
Shares of NYSE:VVX traded down $0.50 during midday trading on Wednesday, reaching $44.32. 297,910 shares of the company's stock were exchanged, compared to its average volume of 204,587. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 158.29, a P/E/G ratio of 0.61 and a beta of 0.27. V2X, Inc. has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The firm's 50 day simple moving average is $48.23 and its two-hundred day simple moving average is $50.25. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08.
V2X (NYSE:VVX - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.06. V2X had a net margin of 0.22% and a return on equity of 13.49%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm posted $0.90 earnings per share. V2X's revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts forecast that V2X, Inc. will post 4.16 EPS for the current fiscal year.
Insider Buying and Selling
In related news, SVP Richard L. Jr. Caputo sold 2,200 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $46.85, for a total value of $103,070.00. Following the sale, the senior vice president now owns 19,869 shares in the company, valued at approximately $930,862.65. The trade was a 9.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.
About V2X
(
Free Report)
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.
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