Nuveen Asset Management LLC Acquires 56,349 Shares of V2X, Inc. (NYSE:VVX)

Nuveen Asset Management LLC grew its position in V2X, Inc. (NYSE:VVX - Free Report) by 42.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 187,553 shares of the company's stock after buying an additional 56,349 shares during the period. Nuveen Asset Management LLC owned 0.59% of V2X worth $8,971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VVX. Jump Financial LLC bought a new position in V2X during the 4th quarter worth approximately $831,000. Invesco Ltd. raised its holdings in V2X by 8.2% during the fourth quarter. Invesco Ltd. now owns 226,305 shares of the company's stock worth $10,824,000 after acquiring an additional 17,232 shares in the last quarter. Bullseye Asset Management LLC bought a new position in shares of V2X in the fourth quarter valued at $2,492,000. Quantbot Technologies LP raised its position in V2X by 273.9% during the fourth quarter. Quantbot Technologies LP now owns 18,489 shares of the company's stock worth $884,000 after acquiring an additional 13,544 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in V2X by 16.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 141,885 shares of the company's stock worth $6,786,000 after purchasing an additional 19,524 shares during the period. 95.18% of the stock is owned by institutional investors.

V2X Price Performance

Shares of VVX traded down $0.01 during midday trading on Friday, hitting $45.29. The company's stock had a trading volume of 280,605 shares, compared to its average volume of 202,341. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 161.76, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27. The company's fifty day simple moving average is $48.60 and its two-hundred day simple moving average is $50.55.

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

Insider Activity at V2X

In related news, SVP Richard L. Jr. Caputo sold 2,200 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $46.85, for a total transaction of $103,070.00. Following the completion of the transaction, the senior vice president now directly owns 19,869 shares of the company's stock, valued at $930,862.65. This trade represents a 9.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

VVX has been the subject of a number of research analyst reports. Morgan Stanley began coverage on V2X in a report on Wednesday, April 16th. They set an "underweight" rating and a $51.00 price objective for the company. Raymond James lowered their price target on shares of V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. 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. Finally, Truist Financial decreased their target price on shares of V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two 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 given a strong buy rating to the company. According to data from MarketBeat, V2X currently has a consensus 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.