V2X, Inc. (NYSE:VVX) Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its stake in V2X, Inc. (NYSE:VVX - Free Report) by 17.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,512 shares of the company's stock after selling 12,705 shares during the period. Bank of America Corp DE owned 0.19% of V2X worth $2,799,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in shares of V2X by 94.9% during the 4th quarter. SG Americas Securities LLC now owns 6,946 shares of the company's stock worth $332,000 after purchasing an additional 3,382 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of V2X by 5.0% during the 4th quarter. Rhumbline Advisers now owns 21,239 shares of the company's stock worth $1,016,000 after acquiring an additional 1,004 shares during the period. Olympiad Research LP increased its stake in shares of V2X by 19.1% in the 4th quarter. Olympiad Research LP now owns 6,382 shares of the company's stock valued at $305,000 after purchasing an additional 1,022 shares during the last quarter. Bank of New York Mellon Corp raised its stake in V2X by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 59,604 shares of the company's stock worth $2,851,000 after acquiring an additional 2,388 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of V2X by 16.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 141,885 shares of the company's stock worth $6,786,000 after buying an additional 19,524 shares during the last quarter. 95.18% of the stock is owned by institutional investors.

V2X Stock Performance

VVX stock traded down $0.38 during trading on Thursday, reaching $43.96. The company had a trading volume of 13,492 shares, compared to its average volume of 203,837. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 156.99, a price-to-earnings-growth ratio of 0.61 and a beta of 0.21. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $69.75. The firm has a 50-day simple moving average of $48.23 and a 200-day simple moving average of $50.25.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.06. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The company's revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts expect that V2X, Inc. will post 4.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VVX shares. Truist Financial decreased their target price 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. Royal Bank of Canada decreased their target price on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Morgan Stanley assumed coverage on V2X in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 target price for the company. Finally, Raymond James cut their price target on shares of V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $63.67.

Insider Activity at V2X

In other news, SVP Richard L. Jr. Caputo sold 2,200 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $46.85, for a total transaction of $103,070.00. Following the sale, the senior vice president now owns 19,869 shares of the company's stock, valued at approximately $930,862.65. This represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

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.