Royce & Associates LP Increases Holdings 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 increased its holdings in shares of V2X, Inc. (NYSE:VVX - Free Report) by 15.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 248,670 shares of the company's stock after purchasing an additional 33,640 shares during the period. Royce & Associates LP owned approximately 0.79% of V2X worth $12,197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VVX. State of Wyoming bought a new position in V2X in the fourth quarter worth approximately $45,000. Whipplewood Advisors LLC boosted its holdings in V2X by 4,066.7% in the first quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock worth $49,000 after acquiring an additional 976 shares in the last quarter. CWM LLC boosted its holdings in V2X by 239.0% in the first quarter. CWM LLC now owns 990 shares of the company's stock worth $49,000 after acquiring an additional 698 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in V2X by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after acquiring an additional 288 shares in the last quarter. Finally, Wealthquest Corp bought a new position in V2X in the first quarter worth approximately $97,000. Institutional investors own 95.18% of the company's stock.

V2X Stock Performance

Shares of VVX traded up $0.07 on Friday, reaching $48.41. 152,124 shares of the company's stock traded hands, compared to its average volume of 212,048. 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 stock has a market cap of $1.53 billion, a PE ratio of 10.94, a PEG ratio of 0.54 and a beta of 0.24. The stock's 50 day simple moving average is $46.83 and its two-hundred day simple moving average is $48.29. V2X, Inc. has a 52-week low of $41.08 and a 52-week high of $69.75.

V2X (NYSE:VVX - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.98 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $0.90 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. On average, analysts forecast that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Insider Transactions at V2X

In other V2X 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 directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen lowered V2X from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Morgan Stanley began coverage on V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 target price on the stock. Stifel Nicolaus began coverage on V2X in a report on Tuesday, June 24th. They issued a "buy" rating and a $55.00 target price on the stock. Finally, Truist Financial dropped their target price on V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, V2X currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.80.

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.