US Bancorp DE Has $57,000 Stock Position in V2X, Inc. (NYSE:VVX)

US Bancorp DE raised its stake in V2X, Inc. (NYSE:VVX) by 81.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,028 shares of the company’s stock after acquiring an additional 460 shares during the quarter. US Bancorp DE’s holdings in V2X were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of VVX. Systematic Financial Management LP raised its position in shares of 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 last quarter. Factorial Partners LLC increased its position in V2X by 28.6% in the second 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. Vanguard Group Inc. raised its holdings in V2X by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock worth $27,476,000 after purchasing an additional 5,259 shares during the last quarter. Sei Investments Co. lifted its position in V2X by 243.3% during the 2nd quarter. Sei Investments Co. now owns 73,653 shares of the company’s stock valued at $3,532,000 after purchasing an additional 52,197 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its stake 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 valued at $634,000 after purchasing an additional 4,419 shares during the last quarter. 95.18% of the stock is owned by institutional investors.

V2X Stock Down 4.1 %

Shares of V2X stock opened at $56.96 on Monday. The company has a market capitalization of $1.80 billion, a P/E ratio of 203.44 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50-day moving average of $59.13 and a two-hundred day moving average of $52.63. V2X, Inc. has a 1 year low of $37.04 and a 1 year high of $69.75.

V2X (NYSE:VVX) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.22. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. V2X’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. As a group, equities analysts predict that V2X, Inc. will post 4.14 EPS for the current year.

Insider Activity at V2X

In related news, CEO Jeremy C. Wensinger acquired 6,250 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $48.00 per share, for a total transaction of $300,000.00. Following the transaction, the chief executive officer now directly owns 6,250 shares in the company, valued at $300,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric M. Pillmore purchased 3,125 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now directly owns 41,516 shares in the company, valued at $1,992,768. The trade was a 8.14 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 11,936 shares of company stock worth $572,928. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

VVX has been the topic of several analyst reports. Baird R W upgraded shares of V2X to a “strong-buy” rating in a report on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 target price on shares of V2X in a research report on Tuesday, November 5th. Raymond James raised their price target on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, November 5th. Robert W. Baird initiated coverage on V2X in a report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective for the company. Finally, JMP Securities increased their target price on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $70.60.

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.