Bank of New York Mellon Corp Raises Stock Holdings in V2X, Inc. (NYSE:VVX)

Bank of New York Mellon Corp increased its position in V2X, Inc. (NYSE:VVX - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,284 shares of the company's stock after buying an additional 7,680 shares during the quarter. Bank of New York Mellon Corp owned 0.21% of V2X worth $3,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new stake in V2X in the first quarter valued at $1,392,000. Allspring Global Investments Holdings LLC boosted its holdings in V2X by 53.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,069 shares of the company's stock valued at $930,000 after acquiring an additional 6,629 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in V2X in the fourth quarter valued at $818,000. Jump Financial LLC bought a new stake in shares of V2X during the 4th quarter valued at $831,000. Finally, Invesco Ltd. boosted its holdings in shares of V2X by 8.2% during the 4th quarter. Invesco Ltd. now owns 226,305 shares of the company's stock valued at $10,824,000 after buying an additional 17,232 shares in the last quarter. 95.18% of the stock is owned by hedge funds and other institutional investors.

V2X Price Performance

Shares of VVX stock opened at $48.41 on Friday. V2X, Inc. has a 1-year low of $41.08 and a 1-year high of $69.75. The stock's 50-day moving average is $46.83 and its 200 day moving average is $48.30. The company has a market cap of $1.53 billion, a P/E ratio of 37.53, a PEG ratio of 0.54 and a beta of 0.24. 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 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. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. V2X had a return on equity of 13.97% and a net margin of 0.96%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.90 earnings per share. Research analysts predict that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VVX has been the topic of a number of analyst reports. Wall Street Zen cut shares of V2X from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Truist Financial dropped their price target on shares of V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley started coverage on shares of V2X in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price target on the stock. Finally, Stifel Nicolaus started coverage on V2X in a research report on Tuesday, June 24th. They issued a "buy" rating and a $55.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $62.80.

Insiders Place Their Bets

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $44.43, for a total value of $177,720.00. Following the completion of the sale, the senior vice president directly owned 15,869 shares in the company, valued at $705,059.67. The trade was a 20.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company's stock.

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.

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