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

Point72 Asset Management L.P. purchased a new position in V2X, Inc. (NYSE:VVX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in V2X by 23.8% during the fourth quarter. FMR LLC now owns 3,712,196 shares of the company's stock valued at $177,554,000 after purchasing an additional 714,722 shares in the last quarter. Vanguard Group Inc. lifted its position in V2X by 19.1% during the fourth quarter. Vanguard Group Inc. now owns 898,112 shares of the company's stock valued at $42,957,000 after purchasing an additional 144,029 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in V2X by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 878,820 shares of the company's stock valued at $42,035,000 after purchasing an additional 97,399 shares in the last quarter. JPMorgan Chase & Co. lifted its position in V2X by 1.4% during the fourth quarter. JPMorgan Chase & Co. now owns 345,411 shares of the company's stock valued at $16,521,000 after purchasing an additional 4,618 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in V2X by 17.1% during the fourth quarter. Geode Capital Management LLC now owns 321,179 shares of the company's stock valued at $15,366,000 after purchasing an additional 46,932 shares in the last quarter. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

V2X Price Performance

Shares of NYSE:VVX traded up $2.09 during mid-day trading on Tuesday, reaching $47.51. The stock had a trading volume of 98,446 shares, compared to its average volume of 199,641. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a market cap of $1.51 billion, a P/E ratio of 169.68, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27. V2X, Inc. has a 1 year low of $41.08 and a 1 year high of $69.75. The business's 50 day moving average price is $48.98 and its 200 day moving average price is $50.93.

V2X (NYSE:VVX - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.98 EPS for the quarter, topping 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 return on equity of 13.49% and a net margin of 0.22%. The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 earnings per share. Research analysts expect that V2X, Inc. will post 4.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VVX. Truist Financial lowered their price objective on V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Raymond James lowered their price objective on V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Morgan Stanley began coverage on V2X in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price objective on the stock. Finally, Royal Bank of Canada lowered their price objective on V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. Two investment 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. According to MarketBeat, V2X presently has a consensus rating of "Moderate Buy" and a consensus target price 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.