Teacher Retirement System of Texas Acquires New Stake in V2X, Inc. (NYSE:VVX)

Teacher Retirement System of Texas acquired a new stake in V2X, Inc. (NYSE:VVX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 28,372 shares of the company's stock, valued at approximately $1,392,000. Teacher Retirement System of Texas owned 0.09% of V2X as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in V2X by 53.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 19,069 shares of the company's stock worth $930,000 after purchasing an additional 6,629 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of V2X during the fourth quarter worth approximately $818,000. Jump Financial LLC purchased a new stake in shares of V2X during the fourth quarter worth approximately $831,000. Invesco Ltd. raised its stake in shares of V2X by 8.2% during the fourth quarter. Invesco Ltd. now owns 226,305 shares of the company's stock worth $10,824,000 after purchasing an additional 17,232 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of V2X by 162.7% during the fourth quarter. Two Sigma Investments LP now owns 61,633 shares of the company's stock worth $2,948,000 after purchasing an additional 38,169 shares during the last quarter. Hedge funds and other institutional investors own 95.18% of the company's stock.

V2X Price Performance

V2X stock traded down $1.18 during trading hours on Friday, hitting $48.54. The stock had a trading volume of 185,982 shares, compared to its average volume of 219,975. 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 stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 0.54 and a beta of 0.24. V2X, Inc. has a 1-year low of $41.08 and a 1-year high of $69.75. The stock's fifty day moving average is $47.34 and its two-hundred day moving average is $48.28.

V2X (NYSE:VVX - Get Free Report) last posted its earnings results 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. V2X had a return on equity of 13.97% and a net margin of 0.96%. V2X's revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 earnings per share. As a group, analysts predict that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on VVX. Morgan Stanley began coverage on V2X in a research note on Wednesday, April 16th. They set an "underweight" rating and a $51.00 price target for the company. Truist Financial cut their price objective on V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus assumed coverage on V2X in a research report on Tuesday, June 24th. They issued a "buy" rating and a $55.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $62.80.

Insiders Place Their Bets

In other V2X news, SVP Richard L. Jr. Caputo sold 4,000 shares of the company'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 sale, the senior vice president owned 15,869 shares of the company's stock, valued at approximately $705,059.67. This represents a 20.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

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.