Point72 Asset Management L.P. Acquires New Shares in V2X, Inc. (NYSE:VVX)

Point72 Asset Management L.P. purchased a new position in shares of V2X, Inc. (NYSE:VVX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 17,111 shares of the company's stock, valued at approximately $818,000. Point72 Asset Management L.P. owned about 0.05% of V2X as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of V2X by 23.8% during the 4th quarter. FMR LLC now owns 3,712,196 shares of the company's stock worth $177,554,000 after acquiring an additional 714,722 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of V2X in the 4th quarter worth approximately $13,947,000. Vanguard Group Inc. lifted its stake 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 grew its stake 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 acquiring an additional 115,515 shares during the period. Finally, Alyeska Investment Group L.P. bought a new position in shares of V2X during the 4th quarter valued at approximately $4,783,000. Institutional investors own 95.18% of the company's stock.

V2X Price Performance

Shares of NYSE:VVX traded down $0.60 during midday trading on Wednesday, hitting $46.80. 79,249 shares of the stock were exchanged, compared to its average volume of 199,943. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $69.75. The company has a 50 day moving average price of $48.89 and a 200-day moving average price of $50.90. The stock has a market cap of $1.48 billion, a P/E ratio of 167.06, a PEG ratio of 0.61 and a beta of 0.27. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 13.49% and a net margin of 0.22%. The company's revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. On average, research analysts forecast that V2X, Inc. will post 4.16 earnings per share for the current year.

Insider Activity at V2X

In related news, SVP Richard L. Jr. Caputo sold 2,200 shares of V2X stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $46.85, for a total value of $103,070.00. Following the completion of the transaction, the senior vice president now directly owns 19,869 shares in the company, valued at approximately $930,862.65. This trade represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VVX shares. Royal Bank of Canada lowered their price target 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. Morgan Stanley started coverage on shares of V2X in a report on Wednesday, April 16th. They set an "underweight" rating and a $51.00 price target on the stock. Raymond James decreased their price target on V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Finally, Truist Financial decreased their target price on V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, V2X has an average rating of "Moderate Buy" and an average target price of $63.67.

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.