XTX Topco Ltd bought a new stake in V2X, Inc. (NYSE:VVX - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,937 shares of the company's stock, valued at approximately $555,000.
A number of other large investors also recently made changes to their positions in the company. Systematic Financial Management LP lifted its holdings in V2X by 152.7% during the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company's stock worth $13,404,000 after acquiring an additional 168,886 shares during the period. Factorial Partners LLC raised its stake in shares of V2X by 28.6% during the 2nd quarter. Factorial Partners LLC now owns 54,000 shares of the company's stock worth $2,590,000 after purchasing an additional 12,000 shares during the period. Sei Investments Co. boosted its holdings in shares of V2X by 243.3% in the 2nd quarter. Sei Investments Co. now owns 73,653 shares of the company's stock worth $3,532,000 after buying an additional 52,197 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of V2X by 50.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 13,212 shares of the company's stock worth $634,000 after buying an additional 4,419 shares during the last quarter. Finally, Prospector Partners LLC grew its position in V2X by 15.3% during the third quarter. Prospector Partners LLC now owns 105,310 shares of the company's stock valued at $5,883,000 after buying an additional 13,980 shares during the period. 95.18% of the stock is owned by institutional investors.
Shares of NYSE VVX opened at $55.81 on Friday. The stock's 50-day moving average is $61.55 and its 200 day moving average is $54.18. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 199.33 and a beta of 0.55. V2X, Inc. has a 1-year low of $37.04 and a 1-year high of $69.75. 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 (NYSE:VVX - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm posted $0.73 earnings per share. The business's revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts anticipate that V2X, Inc. will post 4.14 EPS for the current fiscal year.
In other news, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the transaction, the general counsel now owns 10,634 shares in the company, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.
A number of research analysts have weighed in on VVX shares. JMP Securities boosted their target price on shares of V2X from $65.00 to $80.00 and gave the company a "market outperform" rating in a research note on Tuesday, November 5th. Baird R W raised V2X to a "strong-buy" rating in a report on Friday, October 11th. Robert W. Baird assumed coverage on V2X in a research note on Friday, October 11th. They issued an "outperform" rating and a $75.00 target price on the stock. Raymond James increased their price target on V2X from $60.00 to $72.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, November 5th. Finally, BTIG Research initiated coverage on shares of V2X in a research note on Monday, November 25th. They issued a "buy" rating and a $80.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $69.57.
Check Out Our Latest Analysis on VVX
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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