Northern Trust Corp Has $6.78 Million Stake in V2X, Inc. (NYSE:VVX)

Northern Trust Corp increased its holdings in V2X, Inc. (NYSE:VVX - Free Report) by 23.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 141,718 shares of the company's stock after acquiring an additional 26,461 shares during the period. Northern Trust Corp owned approximately 0.45% of V2X worth $6,778,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position 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. raised its stake in shares of V2X by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock valued at $71,000 after acquiring an additional 288 shares in the last quarter. Corebridge Financial Inc. raised 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 acquiring an additional 470 shares in the last quarter. LPL Financial LLC raised its stake in shares of V2X by 11.0% in the fourth quarter. LPL Financial LLC now owns 5,112 shares of the company's stock valued at $245,000 after acquiring an additional 508 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its stake in shares of V2X by 15.3% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock valued at $201,000 after acquiring an additional 558 shares in the last quarter. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VVX has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on V2X in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price target on the stock. Truist Financial cut 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. Royal Bank of Canada cut their price target on V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 25th. Finally, Raymond James cut their price target on V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, V2X has an average rating of "Moderate Buy" and an average price target of $63.67.

V2X Trading Down 1.9%

VVX traded down $0.89 during trading on Friday, hitting $45.55. The company's stock had a trading volume of 268,224 shares, compared to its average volume of 200,042. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $69.75. The firm's 50 day moving average price is $49.11 and its 200-day moving average price is $51.07. The stock has a market cap of $1.44 billion, a PE ratio of 162.67, a PEG ratio of 0.61 and a beta of 0.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08.

V2X (NYSE:VVX - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.06. The company 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 13.49% and a net margin of 0.22%. The company's revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. On average, analysts expect 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.