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

Bank of America Corp DE trimmed its position in shares of V2X, Inc. (NYSE:VVX - Free Report) by 17.8% in the fourth quarter, according to the company in 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 approximately 0.19% of V2X worth $2,799,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VVX. Summit Investment Advisors Inc. increased its holdings in shares of V2X by 24.1% during the 4th 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. KLP Kapitalforvaltning AS purchased a new stake in V2X during the 4th quarter worth $134,000. Aquatic Capital Management LLC purchased a new stake in V2X during the 4th quarter worth $171,000. Edmond DE Rothschild Holding S.A. boosted its position in V2X by 15.3% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock worth $201,000 after purchasing an additional 558 shares during the period. Finally, Nebula Research & Development LLC purchased a new stake in V2X during the 4th quarter worth $203,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VVX has been the subject of a number of research reports. Morgan Stanley initiated coverage on shares of V2X in a research report on Wednesday, April 16th. They set an "underweight" rating and a $51.00 price target for the company. Raymond James decreased their price target on shares of V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. Royal Bank of Canada decreased their price target on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th. Finally, Truist Financial decreased their price target 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 investment analysts have rated the stock with a sell rating, one has issued a hold rating, six have given 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 price target of $63.67.

Insider Activity

In related news, SVP Richard L. Jr. Caputo sold 2,200 shares of the stock in a transaction dated Thursday, May 22nd. The shares were 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 in the company, valued at $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 is available through this hyperlink. Company insiders own 1.10% of the company's stock.

V2X Stock Up 0.5%

NYSE:VVX traded up $0.24 on Thursday, reaching $44.58. The stock had a trading volume of 135,121 shares, compared to its average volume of 204,853. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $48.14 and a 200 day moving average of $50.16. The stock has a market cap of $1.41 billion, a P/E ratio of 159.22, a price-to-earnings-growth ratio of 0.61 and a beta of 0.21. V2X, Inc. has a 12-month low of $41.08 and a 12-month high of $69.75.

V2X (NYSE:VVX - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.04 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 EPS. On average, research analysts predict that V2X, Inc. will post 4.16 earnings per share for the current 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.