Peregrine Capital Management LLC Has $4.94 Million Stock Holdings in V2X, Inc. (NYSE:VVX)

Peregrine Capital Management LLC reduced its position in shares of V2X, Inc. (NYSE:VVX - Free Report) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 institutional investors have also made changes to their positions in VVX. The Manufacturers Life Insurance Company lifted 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 purchasing an additional 266 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in V2X by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after buying an additional 288 shares during the last quarter. Corebridge Financial Inc. grew its position in shares of V2X by 7.1% in the 4th quarter. Corebridge Financial Inc. now owns 7,044 shares of the company's stock worth $337,000 after acquiring an additional 470 shares in the last quarter. LPL Financial LLC increased its holdings in shares of V2X by 11.0% in the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company's stock valued at $245,000 after acquiring an additional 508 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised 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 in the last quarter. 95.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $44.43, for a total value of $177,720.00. Following the completion of the sale, the senior vice president owned 15,869 shares of the company's stock, valued at $705,059.67. This trade represents a 20.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

V2X Price Performance

NYSE:VVX traded down $0.08 during mid-day trading on Thursday, reaching $49.37. 97,972 shares of the stock were exchanged, compared to its average volume of 244,645. 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 business has a fifty day moving average price of $47.40 and a 200 day moving average price of $48.38. V2X, Inc. has a 1-year low of $41.08 and a 1-year high of $69.75. The firm has a market capitalization of $1.56 billion, a PE ratio of 38.27, a PEG ratio of 0.54 and a beta of 0.24.

V2X (NYSE:VVX - Get Free Report) last announced its 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. V2X had a return on equity of 13.97% and a net margin of 0.96%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $0.90 earnings per share. V2X's revenue was up .5% compared to the same quarter last year. Research analysts expect that V2X, Inc. will post 4.16 earnings per share for the current fiscal 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.