V2X, Inc. (NYSE:VVX) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its position in shares of V2X, Inc. (NYSE:VVX - Free Report) by 191.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,159 shares of the company's stock after purchasing an additional 36,217 shares during the period. D. E. Shaw & Co. Inc. owned about 0.17% of V2X worth $2,638,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VVX. Summit Investment Advisors Inc. increased its position in shares of V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after purchasing an additional 288 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in V2X by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company's stock valued at $114,000 after acquiring an additional 814 shares during the period. KLP Kapitalforvaltning AS acquired a new position in V2X in the 4th quarter valued at about $134,000. Aquatic Capital Management LLC acquired a new position in V2X in the 4th quarter valued at about $171,000. Finally, Edmond DE Rothschild Holding S.A. increased its position in V2X by 15.3% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock valued at $201,000 after acquiring an additional 558 shares during the period. Institutional investors and hedge funds own 95.18% of the company's stock.

Wall Street Analysts Forecast Growth

VVX has been the topic of several recent research reports. Citigroup initiated coverage on V2X in a research report on Tuesday, January 21st. They issued a "buy" rating and a $64.00 price target on the stock. 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 report on Tuesday, February 25th. Truist Financial lowered their price objective on V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a 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 report on Tuesday, February 25th. Finally, Morgan Stanley assumed coverage on V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $63.67.

V2X Price Performance

Shares of NYSE:VVX opened at $47.97 on Tuesday. The business's 50 day simple moving average is $49.33 and its 200-day simple moving average is $51.58. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 171.33, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. V2X, Inc. has a 12 month low of $41.08 and a 12 month high of $69.75.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.06. V2X had a return on equity of 13.49% and a net margin of 0.22%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the business posted $0.90 earnings per share. V2X's revenue was up .5% compared to the same quarter last year. As a group, equities analysts forecast that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

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.

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