Northern Trust Corp Buys 26,461 Shares of V2X, Inc. (NYSE:VVX)

Northern Trust Corp raised its position in shares of V2X, Inc. (NYSE:VVX - Free Report) by 23.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,718 shares of the company's stock after acquiring an additional 26,461 shares during the quarter. Northern Trust Corp owned about 0.45% of V2X worth $6,778,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in V2X by 23.8% during the 4th quarter. FMR LLC now owns 3,712,196 shares of the company's stock valued at $177,554,000 after acquiring an additional 714,722 shares in the last quarter. Victory Capital Management Inc. bought a new stake in V2X during the 4th quarter valued at $13,947,000. Vanguard Group Inc. lifted its holdings in shares of V2X by 19.1% in the fourth quarter. Vanguard Group Inc. now owns 898,112 shares of the company's stock worth $42,957,000 after buying an additional 144,029 shares in the last quarter. Barclays PLC raised its position in shares of V2X by 416.6% in the fourth quarter. Barclays PLC now owns 143,242 shares of the company's stock worth $6,853,000 after buying an additional 115,515 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of V2X by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 878,820 shares of the company's stock worth $42,035,000 after purchasing an additional 97,399 shares in the last quarter. 95.18% of the stock is owned by institutional investors and hedge funds.

V2X Price Performance

Shares of NYSE VVX opened at $47.97 on Tuesday. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $1.52 billion, a P/E ratio of 171.33, a PEG ratio of 0.61 and a beta of 0.27. The company's fifty day moving average is $49.33 and its two-hundred day moving average is $51.58.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.06. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.04 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The company's revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. Analysts forecast that V2X, Inc. will post 4.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Truist Financial lowered their price objective on shares of V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley began coverage on V2X in a research report on Wednesday, April 16th. They set an "underweight" rating and a $51.00 price objective on the stock. Citigroup began coverage on V2X in a report on Tuesday, January 21st. They issued a "buy" rating and a $64.00 target price on the stock. Raymond James decreased their target price on shares of V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada cut their price objective on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued 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 a consensus price target of $63.67.

About V2X

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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