Rice Hall James & Associates LLC Cuts Stake in V2X, Inc. (NYSE:VVX)

Rice Hall James & Associates LLC reduced its position in V2X, Inc. (NYSE:VVX - Free Report) by 15.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,695 shares of the company's stock after selling 7,502 shares during the quarter. Rice Hall James & Associates LLC owned 0.13% of V2X worth $2,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VVX. Bank of New York Mellon Corp raised its position in V2X by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 59,604 shares of the company's stock worth $2,851,000 after purchasing an additional 2,388 shares during the period. Charles Schwab Investment Management Inc. raised its position in V2X by 16.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,885 shares of the company's stock worth $6,786,000 after purchasing an additional 19,524 shares during the period. Raymond James Financial Inc. purchased a new stake in V2X in the 4th quarter worth about $1,150,000. Swiss National Bank increased its position in shares of V2X by 12.6% during the fourth quarter. Swiss National Bank now owns 27,700 shares of the company's stock worth $1,325,000 after acquiring an additional 3,100 shares during the period. Finally, Royce & Associates LP increased its position in shares of V2X by 5.9% during the fourth quarter. Royce & Associates LP now owns 215,030 shares of the company's stock worth $10,285,000 after acquiring an additional 11,910 shares during the period. 95.18% of the stock is owned by hedge funds and other institutional investors.

V2X Stock Down 1.5%

Shares of NYSE VVX traded down $0.72 during midday trading on Friday, reaching $46.82. 51,652 shares of the company's stock traded hands, compared to its average volume of 240,923. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.05. The stock's 50 day simple moving average is $47.20 and its 200-day simple moving average is $48.27. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 36.30, a P/E/G ratio of 0.52 and a beta of 0.24.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings data 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. V2X had a net margin of 0.96% and a return on equity of 13.97%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm earned $0.90 earnings per share. The company's quarterly revenue was up .5% on a year-over-year basis. On average, analysts predict that V2X, Inc. will post 4.16 EPS for the current fiscal year.

Insider Transactions at V2X

In other V2X news, SVP Richard L. Jr. Caputo sold 4,000 shares of V2X stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $44.43, for a total value of $177,720.00. Following the transaction, the senior vice president directly owned 15,869 shares of the company's stock, valued at approximately $705,059.67. The trade was a 20.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

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

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.