V2X, Inc. (NYSE:VVX) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its stake in shares of V2X, Inc. (NYSE:VVX - Free Report) by 5.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 100,680 shares of the company's stock after selling 5,495 shares during the period. Peregrine Capital Management LLC owned about 0.32% of V2X worth $4,938,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VVX. State of Wyoming bought a new position in shares of V2X in the fourth quarter worth about $45,000. Whipplewood Advisors LLC boosted its holdings in shares of V2X by 4,066.7% during the 1st quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock valued at $49,000 after purchasing an additional 976 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock valued at $71,000 after buying an additional 288 shares during the last quarter. Wealthquest Corp purchased a new position in shares of V2X in the first quarter valued at $97,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of V2X in the 4th quarter worth $134,000. 95.18% of the stock is currently owned by institutional investors.

Insider Activity

In other V2X news, SVP Richard L. Jr. Caputo sold 4,000 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president directly owned 15,869 shares of the company's stock, valued at approximately $705,059.67. This trade represents a 20.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

V2X Stock Down 0.2%

Shares of VVX stock traded down $0.08 during trading hours on Friday, reaching $49.37. 98,018 shares of the company's stock were exchanged, compared to its average volume of 215,685. V2X, Inc. has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The stock's 50 day moving average is $47.39 and its 200-day moving average is $48.28. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.05. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 38.27, a P/E/G ratio of 0.55 and a beta of 0.24.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. V2X had a net margin of 0.96% and a return on equity of 13.97%. V2X's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 EPS. Analysts predict that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on VVX shares. Truist Financial cut their target price on V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus started coverage on shares of V2X in a research note on Tuesday, June 24th. They set a "buy" rating and a $55.00 price target for the company. Finally, Morgan Stanley began coverage on shares of V2X in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price objective for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.80.

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.