Victory Capital Management Inc. Buys 178,136 Shares of V2X, Inc. (NYSE:VVX)

Victory Capital Management Inc. grew its holdings in V2X, Inc. (NYSE:VVX - Free Report) by 61.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 469,724 shares of the company's stock after acquiring an additional 178,136 shares during the period. Victory Capital Management Inc. owned 1.49% of V2X worth $23,040,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in V2X in the fourth quarter worth approximately $45,000. Whipplewood Advisors LLC grew its position 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 grew its position 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. grew its position 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 stake in V2X in the first quarter worth approximately $97,000. 95.18% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of the 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 completion of the transaction, the senior vice president owned 15,869 shares in the company, valued at approximately $705,059.67. This represents a 20.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on VVX shares. Truist Financial reduced their price objective on shares of V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus started coverage on shares of V2X in a research note on Tuesday, June 24th. They issued a "buy" rating and a $55.00 price objective for the company. Wall Street Zen cut shares of V2X from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Morgan Stanley started coverage on shares of V2X in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.80.

V2X Stock Performance

NYSE:VVX traded up $0.07 during trading hours on Friday, hitting $48.41. 152,124 shares of the company traded hands, compared to its average volume of 212,048. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 37.53, a P/E/G ratio of 0.54 and a beta of 0.24. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $69.75. The firm has a 50-day moving average of $46.83 and a 200 day moving average of $48.29. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.05.

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 net margin of 0.96% and a return on equity of 13.97%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the prior year, the company posted $0.90 EPS. The business's revenue was up .5% on a year-over-year basis. On average, analysts forecast that V2X, Inc. will post 4.16 EPS for the current year.

About V2X

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.