Mackenzie Financial Corp Makes New $611,000 Investment in V2X, Inc. (NYSE:VVX)

Key Points

• Mackenzie Financial Corp has acquired a new stake in V2X, Inc., purchasing 12,457 shares valued at approximately $611,000 during the first quarter.
• Analysts have mixed ratings on V2X, with Stifel Nicolaus setting a price target of $63.00 while Morgan Stanley has an "underweight" rating at a $51.00 price objective.
• V2X reported earnings of $1.33 per share for the last quarter, surpassing analysts' expectations and marking a year-over-year revenue increase of 0.6% to $1.08 billion.

Mackenzie Financial Corp bought a new stake in shares of V2X, Inc. (NYSE:VVX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,457 shares of the company's stock, valued at approximately $611,000.

Several other large investors have also recently made changes to their positions in the business. Pacer Advisors Inc. bought a new position in V2X during the 1st quarter valued at approximately $8,853,000. Royce & Associates LP increased its holdings in shares of V2X by 15.6% during the first quarter. Royce & Associates LP now owns 248,670 shares of the company's stock valued at $12,197,000 after acquiring an additional 33,640 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of V2X by 61.1% in the 1st quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock worth $23,040,000 after purchasing an additional 178,136 shares during the last quarter. CWM LLC raised its position in shares of V2X by 239.0% in the 1st quarter. CWM LLC now owns 990 shares of the company's stock worth $49,000 after purchasing an additional 698 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in V2X by 51.3% in the 1st quarter. New York State Common Retirement Fund now owns 5,897 shares of the company's stock worth $289,000 after purchasing an additional 2,000 shares in the last quarter. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

V2X Stock Performance

V2X stock traded down $1.48 during mid-day trading on Thursday, reaching $53.30. 446,418 shares of the stock traded hands, compared to its average volume of 250,062. V2X, Inc. has a 12-month low of $41.08 and a 12-month high of $69.75. The business's 50-day moving average is $47.49 and its 200-day moving average is $48.33. 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 stock has a market capitalization of $1.69 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 0.60 and a beta of 0.27.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.00 by $0.33. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. V2X had a net margin of 1.63% and a return on equity of 15.28%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 EPS. As a group, sell-side analysts predict that V2X, Inc. will post 4.16 EPS for the current fiscal year.

Analysts Set New Price Targets

VVX has been the subject of a number of analyst reports. Morgan Stanley assumed coverage on shares of V2X in a research note on Wednesday, April 16th. They set an "underweight" rating and a $51.00 price objective for the company. Truist Financial decreased their price objective on shares of V2X from $68.00 to $55.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus upped their price objective on V2X from $55.00 to $63.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Wall Street Zen cut V2X from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, V2X currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.60.

Insiders Place Their Bets

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $44.43, for a total transaction of $177,720.00. Following the completion of the sale, the senior vice president owned 15,869 shares of the company's stock, valued at $705,059.67. The trade was a 20.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.