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

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

Several other hedge funds and other institutional investors have also made changes to their positions in VVX. The Manufacturers Life Insurance Company increased its stake in V2X by 3.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company's stock valued at $353,000 after purchasing an additional 266 shares during the last quarter. Summit Investment Advisors Inc. lifted its position 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. Corebridge Financial Inc. boosted its holdings in shares of V2X by 7.1% in the 4th 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 position in shares of V2X by 11.0% in the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company's stock valued at $245,000 after buying an additional 508 shares during the last quarter. Finally, CWM LLC raised its stake in V2X by 239.0% during the 1st quarter. CWM LLC now owns 990 shares of the company's stock worth $49,000 after acquiring an additional 698 shares in the last quarter. Institutional investors and hedge funds own 95.18% of the company's stock.

Insider Activity at V2X

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $44.43, for a total transaction of $177,720.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. 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 objective for the company. Stifel Nicolaus set a $63.00 target price on V2X and gave the company a "buy" rating in a report on Tuesday. Truist Financial dropped their price target on V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Wall Street Zen lowered V2X from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, V2X currently has a consensus rating of "Moderate Buy" and an average target price of $63.60.

V2X Stock Performance

Shares of VVX stock traded down $2.95 during midday trading on Friday, hitting $50.36. The company had a trading volume of 606,001 shares, compared to its average volume of 249,199. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 0.60 and a beta of 0.27. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.16. The company's 50 day simple moving average is $47.49 and its 200 day simple moving average is $48.33. V2X, Inc. has a 52-week low of $41.08 and a 52-week high of $69.75.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly 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. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. V2X had a return on equity of 15.28% and a net margin of 1.63%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. Research analysts anticipate that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

V2X 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.