Voloridge Investment Management LLC Makes New $5.42 Million Investment in V2X, Inc. (NYSE:VVX)

Voloridge Investment Management LLC acquired a new position in shares of V2X, Inc. (NYSE:VVX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 113,232 shares of the company's stock, valued at approximately $5,416,000. Voloridge Investment Management LLC owned 0.36% of V2X at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in V2X by 3.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company's stock worth $353,000 after purchasing an additional 266 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in V2X by 24.1% during the 4th 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. Corebridge Financial Inc. increased its holdings in V2X by 7.1% during the 4th quarter. Corebridge Financial Inc. now owns 7,044 shares of the company's stock worth $337,000 after purchasing an additional 470 shares in the last quarter. LPL Financial LLC increased its holdings in V2X by 11.0% during the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company's stock worth $245,000 after purchasing an additional 508 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in V2X by 15.3% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock worth $201,000 after purchasing an additional 558 shares in the last quarter. Institutional investors own 95.18% of the company's stock.

Insider Buying and Selling

In related news, SVP Richard L. Jr. Caputo sold 2,200 shares of V2X stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $46.85, for a total transaction of $103,070.00. Following the completion of the transaction, the senior vice president now owns 19,869 shares in the company, valued at approximately $930,862.65. This trade represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

V2X Stock Down 0.0%

Shares of NYSE VVX traded down $0.01 during mid-day trading on Friday, hitting $45.29. The company had a trading volume of 280,605 shares, compared to its average volume of 202,673. The company has a market capitalization of $1.43 billion, a PE ratio of 161.76, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27. The firm has a 50-day simple moving average of $48.60 and a two-hundred day simple moving average of $50.48. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75.

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

Analysts Set New Price Targets

A number of research firms have issued reports on VVX. Royal Bank of Canada lowered their target price on V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Raymond James lowered their target price on V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. Morgan Stanley started coverage on V2X in a report on Wednesday, April 16th. They set an "underweight" rating and a $51.00 target price for the company. Finally, Truist Financial decreased their price objective on V2X from $68.00 to $55.00 and set a "buy" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, V2X currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.67.

V2X 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.