113,232 Shares in V2X, Inc. (NYSE:VVX) Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC purchased a new position in V2X, Inc. (NYSE:VVX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 113,232 shares of the company's stock, valued at approximately $5,416,000. Voloridge Investment Management LLC owned about 0.36% of V2X as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. FMR LLC raised its stake in shares of V2X by 23.8% in the 4th quarter. FMR LLC now owns 3,712,196 shares of the company's stock worth $177,554,000 after buying an additional 714,722 shares in the last quarter. Vanguard Group Inc. increased its stake in V2X by 19.1% in the 4th quarter. Vanguard Group Inc. now owns 898,112 shares of the company's stock valued at $42,957,000 after buying an additional 144,029 shares during the period. Dimensional Fund Advisors LP increased its stake in V2X by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 878,820 shares of the company's stock valued at $42,035,000 after buying an additional 97,399 shares during the period. Simcoe Capital Management LLC increased its stake in V2X by 252.8% in the 4th quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company's stock valued at $35,057,000 after buying an additional 525,204 shares during the period. Finally, Zimmer Partners LP increased its stake in shares of V2X by 48.5% in the fourth quarter. Zimmer Partners LP now owns 389,609 shares of the company's stock worth $18,635,000 after acquiring an additional 127,189 shares during the last quarter. Institutional investors own 95.18% of the company's stock.

Insider Activity

In related news, SVP Richard L. Jr. Caputo sold 2,200 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $46.85, for a total value of $103,070.00. Following the sale, the senior vice president now owns 19,869 shares of the company's stock, valued at $930,862.65. The trade was a 9.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

V2X Stock Performance

NYSE VVX traded down $0.26 during midday trading on Friday, hitting $45.04. The company had a trading volume of 150,433 shares, compared to its average volume of 201,305. V2X, Inc. has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 160.94, a P/E/G ratio of 0.61 and a beta of 0.27. The firm has a fifty day simple moving average of $48.71 and a two-hundred day simple moving average of $50.70. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.

V2X (NYSE:VVX - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm earned $0.90 EPS. V2X's revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts forecast that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Truist Financial dropped their price target on shares of V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Raymond James dropped their target price on V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Royal Bank of Canada dropped 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. Finally, Morgan Stanley initiated 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 equities research 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 company. According to MarketBeat.com, V2X currently has a consensus rating of "Moderate Buy" and an average target price of $63.67.

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.