Royce & Associates LP Boosts Stake in V2X, Inc. (NYSE:VVX)

Key Points

• Royce & Associates LP increased its stake in V2X, Inc. by 15.6%, now holding 248,670 shares valued at approximately $12.2 million.
• V2X reported $0.98 earnings per share for the last quarter, surpassing the consensus estimate of $0.92, with revenue of $1.02 billion.
• Analysts have mixed ratings on V2X stock, with an average rating of "Moderate Buy" and a consensus price target of $62.80.

Royce & Associates LP raised its holdings in V2X, Inc. (NYSE:VVX - Free Report) by 15.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 248,670 shares of the company's stock after acquiring an additional 33,640 shares during the period. Royce & Associates LP owned about 0.79% of V2X worth $12,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. State of Wyoming bought a new stake in V2X in the fourth quarter valued at approximately $45,000. CWM LLC grew its position in V2X by 239.0% during the first quarter. CWM LLC now owns 990 shares of the company's stock worth $49,000 after buying an additional 698 shares in the last quarter. Whipplewood Advisors LLC grew its position in V2X by 4,066.7% during the first quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock worth $49,000 after buying an additional 976 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of V2X by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock valued at $71,000 after purchasing an additional 288 shares in the last quarter. Finally, Wealthquest Corp acquired a new stake in shares of V2X in the 1st quarter valued at $97,000. 95.18% of the stock is owned by institutional investors and hedge funds.

V2X Price Performance

NYSE VVX traded down $0.53 during trading hours on Tuesday, reaching $48.47. 31,217 shares of the stock traded hands, compared to its average volume of 236,876. The stock has a 50 day simple moving average of $46.84 and a two-hundred day simple moving average of $48.32. V2X, Inc. has a 1 year low of $41.08 and a 1 year high of $69.75. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 37.52, a price-to-earnings-growth ratio of 0.54 and a beta of 0.24.

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

Insiders Place Their Bets

In other V2X news, SVP Richard L. Jr. Caputo sold 4,000 shares of V2X stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $44.43, for a total transaction of $177,720.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.88% of the company's stock.

Analyst Ratings Changes

VVX has been the subject of a number of research reports. Truist Financial dropped their price target on V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. 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 for the company. Stifel Nicolaus started coverage on V2X in a research note on Tuesday, June 24th. They set a "buy" rating and a $55.00 price target for the company. Finally, Wall Street Zen downgraded V2X from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.