V2X, Inc. (NYSE:VVX) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its position in V2X, Inc. (NYSE:VVX - Free Report) by 184.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 81,467 shares of the company's stock after purchasing an additional 52,785 shares during the period. Federated Hermes Inc. owned 0.26% of V2X worth $3,996,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VVX. The Manufacturers Life Insurance Company boosted its stake in shares of V2X by 3.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company's stock worth $353,000 after buying an additional 266 shares during the period. Summit Investment Advisors Inc. boosted its holdings in V2X by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock valued at $71,000 after purchasing an additional 288 shares in the last quarter. Corebridge Financial Inc. boosted its stake in shares of V2X by 7.1% in the fourth quarter. Corebridge Financial Inc. now owns 7,044 shares of the company's stock valued at $337,000 after buying an additional 470 shares in the last quarter. LPL Financial LLC grew its stake in shares of V2X by 11.0% during the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company's stock worth $245,000 after purchasing an additional 508 shares during the period. Finally, CWM LLC lifted its stake in shares of V2X by 239.0% in the first quarter. CWM LLC now owns 990 shares of the company's stock valued at $49,000 after purchasing an additional 698 shares during the period. Hedge funds and other institutional investors own 95.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VVX. Truist Financial lowered their price objective 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. Wall Street Zen cut V2X from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Morgan Stanley assumed coverage on shares of V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 target price on the stock. Finally, Stifel Nicolaus set a $63.00 price target on shares of V2X and gave the stock a "buy" rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, V2X has an average rating of "Moderate Buy" and a consensus target price of $63.60.

Insiders Place Their Bets

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of V2X stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $44.43, for a total value of $177,720.00. Following the completion of the transaction, the senior vice president directly owned 15,869 shares of the company's stock, 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. 0.88% of the stock is currently owned by insiders.

V2X Stock Down 2.3%

Shares of VVX traded down $1.30 during trading on Wednesday, reaching $54.58. The company's stock had a trading volume of 646,163 shares, compared to its average volume of 245,698. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 0.54 and a beta of 0.27. 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 company has a fifty day moving average of $47.15 and a two-hundred day moving average of $48.28. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $69.75.

V2X (NYSE:VVX - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.33. V2X had a net margin of 1.63% and a return on equity of 15.44%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned $0.83 EPS. The company's revenue was up .6% on a year-over-year basis. On average, sell-side analysts predict that V2X, Inc. will post 4.16 EPS for the current fiscal 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.