Hsbc Holdings PLC Acquires Shares of 31,075 V2X, Inc. (NYSE:VVX)

Hsbc Holdings PLC purchased a new stake in shares of V2X, Inc. (NYSE:VVX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,075 shares of the company's stock, valued at approximately $1,485,000. Hsbc Holdings PLC owned 0.10% of V2X at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. lifted its holdings in shares of V2X by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock valued at $71,000 after purchasing an additional 288 shares in the last quarter. Corebridge Financial Inc. grew its stake in V2X by 7.1% during the 4th quarter. Corebridge Financial Inc. now owns 7,044 shares of the company's stock valued at $337,000 after acquiring an additional 470 shares in the last quarter. LPL Financial LLC increased its holdings in shares of V2X by 11.0% in the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company's stock valued at $245,000 after purchasing an additional 508 shares during the period. Edmond DE Rothschild Holding S.A. lifted its position in shares of V2X by 15.3% in the fourth 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. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of V2X by 51.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company's stock worth $114,000 after purchasing an additional 814 shares during the period. Institutional investors and hedge funds own 95.18% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Royal Bank of Canada cut their price objective on V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Citigroup initiated coverage on shares of V2X in a research note on Tuesday, January 21st. They issued a "buy" rating and a $64.00 target price for the company. Truist Financial dropped their target price on shares of V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley began coverage on V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 target price on the stock. Finally, Raymond James lowered their price objective on shares of V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $62.90.

V2X Stock Down 0.2 %

Shares of VVX stock traded down $0.10 during trading hours on Thursday, reaching $48.70. 30,851 shares of the company's stock were exchanged, compared to its average volume of 186,705. V2X, Inc. has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The stock's 50 day moving average is $48.71 and its 200-day moving average is $52.38. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 173.93, a P/E/G ratio of 0.61 and a beta of 0.27.

V2X (NYSE:VVX - Get Free Report) last released its 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. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.04 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. V2X's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. Analysts predict 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.