Raymond James Financial Inc. Invests $1.15 Million in V2X, Inc. (NYSE:VVX)

Raymond James Financial Inc. bought a new position in shares of V2X, Inc. (NYSE:VVX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,048 shares of the company's stock, valued at approximately $1,150,000. Raymond James Financial Inc. owned about 0.08% of V2X as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. lifted its stake in V2X by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company's stock valued at $114,000 after buying an additional 814 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in V2X in the 4th quarter valued at $134,000. Edmond DE Rothschild Holding S.A. boosted its stake 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 during the period. LPL Financial LLC grew its position 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 during the last quarter. Finally, Olympiad Research LP increased its stake in V2X by 19.1% in the fourth quarter. Olympiad Research LP now owns 6,382 shares of the company's stock valued at $305,000 after purchasing an additional 1,022 shares during the period. 95.18% of the stock is owned by institutional investors and hedge funds.

V2X Stock Performance

NYSE:VVX opened at $49.42 on Monday. The firm's fifty day simple moving average is $48.61 and its 200-day simple moving average is $52.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The stock has a market cap of $1.56 billion, a PE ratio of 176.51, a price-to-earnings-growth ratio of 0.61 and a beta of 0.45. V2X, Inc. has a fifty-two week low of $41.08 and a fifty-two week high of $69.75.

Wall Street Analyst Weigh In

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

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.

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