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

Nuveen Asset Management LLC raised its position in V2X, Inc. (NYSE:VVX - Free Report) by 42.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. grew 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 valued at $71,000 after acquiring an additional 288 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of V2X during the 4th quarter valued at approximately $134,000. Aquatic Capital Management LLC bought a new position in shares of V2X during the 4th quarter valued at approximately $171,000. Edmond DE Rothschild Holding S.A. grew its position in shares of V2X by 15.3% during the 4th 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 during the period. Finally, Nebula Research & Development LLC bought a new position in shares of V2X during the 4th quarter valued at approximately $203,000. Hedge funds and other institutional investors own 95.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VVX. Raymond James reduced their target price on shares of V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. Morgan Stanley started coverage on shares of V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price objective for the company. Truist Financial cut 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. 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 analysts have rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, V2X currently has a consensus rating of "Moderate Buy" and an average price target of $63.67.

Insider Activity

In related news, SVP Richard L. Jr. Caputo sold 2,200 shares of V2X stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $46.85, for a total value of $103,070.00. Following the transaction, the senior vice president now owns 19,869 shares in the company, 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 through the SEC website. Corporate insiders own 1.10% of the company's stock.

V2X Stock Performance

VVX traded down $1.47 on Monday, hitting $43.81. The company's stock had a trading volume of 218,282 shares, compared to its average volume of 202,735. The company's 50 day simple moving average is $48.46 and its 200-day simple moving average is $50.33. 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 12 month low of $41.08 and a 12 month high of $69.75. The firm has a market cap of $1.39 billion, a P/E ratio of 156.46, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27.

V2X (NYSE:VVX - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.92 by $0.06. The firm had revenue of $1.02 billion during 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 business's quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS. Analysts forecast that V2X, Inc. will post 4.16 EPS for the current 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.