Raymond James Financial Inc. Makes New Investment in V2X, Inc. (NYSE:VVX)

Raymond James Financial Inc. acquired a new stake in V2X, Inc. (NYSE:VVX - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 24,048 shares of the company's stock, valued at approximately $1,150,000. Raymond James Financial Inc. owned approximately 0.08% of V2X at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of V2X by 268.9% in the 4th quarter. Renaissance Technologies LLC now owns 121,364 shares of the company's stock valued at $5,805,000 after purchasing an additional 88,464 shares in the last quarter. Legal & General Group Plc raised its stake in shares of V2X by 11.3% during the fourth quarter. Legal & General Group Plc now owns 22,847 shares of the company's stock valued at $1,093,000 after acquiring an additional 2,312 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of V2X by 8.2% during the fourth quarter. Invesco Ltd. now owns 226,305 shares of the company's stock worth $10,824,000 after purchasing an additional 17,232 shares during the period. FMR LLC increased its holdings in V2X by 23.8% in the fourth quarter. FMR LLC now owns 3,712,196 shares of the company's stock valued at $177,554,000 after purchasing an additional 714,722 shares during the period. Finally, Federated Hermes Inc. bought a new position in V2X during the 4th quarter worth $1,372,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Truist Financial lowered their price objective on 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 assumed coverage on V2X in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price objective for the company. Royal Bank of Canada dropped their price target on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. JMP Securities reissued a "market outperform" rating and issued a $80.00 price objective on shares of V2X in a research note on Friday, January 17th. Finally, Raymond James reduced their target price on shares of V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, V2X has a consensus rating of "Moderate Buy" and an average price target of $63.67.

V2X Stock Down 1.9 %

Shares of VVX stock traded down $0.98 during mid-day trading on Friday, hitting $49.72. The company's stock had a trading volume of 26,558 shares, compared to its average volume of 187,113. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50-day moving average price of $48.81 and a 200 day moving average price of $52.29. V2X, Inc. has a 52-week low of $41.08 and a 52-week high of $69.75. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 177.58, a PEG ratio of 0.61 and a beta of 0.27.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $1.02 billion for 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%. The company's revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 EPS. Research analysts predict that V2X, Inc. will post 4.16 EPS 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.