Zimmer Partners LP Raises Stake in V2X, Inc. (NYSE:VVX)

Zimmer Partners LP increased its position in shares of V2X, Inc. (NYSE:VVX - Free Report) by 48.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 389,609 shares of the company's stock after purchasing an additional 127,189 shares during the period. Zimmer Partners LP owned 1.23% of V2X worth $18,635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in V2X by 3.7% during the fourth 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 during the last quarter. Summit Investment Advisors Inc. increased its position in 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 during the last quarter. Corebridge Financial Inc. increased its position in V2X by 7.1% during the fourth quarter. Corebridge Financial Inc. now owns 7,044 shares of the company's stock worth $337,000 after purchasing an additional 470 shares during the last quarter. LPL Financial LLC increased its position in V2X by 11.0% during the fourth quarter. LPL Financial LLC now owns 5,112 shares of the company's stock worth $245,000 after purchasing an additional 508 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of V2X by 15.3% during the fourth 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 last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

V2X Stock Down 1.9%

Shares of NYSE VVX traded down $0.89 during midday trading on Friday, hitting $45.55. The company's stock had a trading volume of 268,224 shares, compared to its average volume of 200,042. The business's fifty day simple moving average is $49.11 and its two-hundred day simple moving average is $51.18. 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 1 year low of $41.08 and a 1 year high of $69.75. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 162.67, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VVX. Royal Bank of Canada dropped their price target on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th. Truist Financial dropped their price target on shares of V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Morgan Stanley began coverage on shares of V2X in a research report on Wednesday, April 16th. They set an "underweight" rating and a $51.00 price target for the company. Finally, Raymond James dropped their price target on shares of V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock 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.