V2X, Inc. (NYSE:VVX) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in V2X, Inc. (NYSE:VVX) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,361 shares of the company’s stock after purchasing an additional 2,207 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.39% of V2X worth $6,835,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its stake in shares of V2X by 50.3% in the second 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 period. Harel Insurance Investments & Financial Services Ltd. grew its stake in V2X by 200.2% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock valued at $60,000 after acquiring an additional 839 shares during the last quarter. Cornerstone Wealth Group LLC purchased a new position in V2X during the 2nd quarter valued at about $371,000. Bank of New York Mellon Corp lifted its holdings in shares of V2X by 8.9% in the second quarter. Bank of New York Mellon Corp now owns 67,090 shares of the company’s stock valued at $3,218,000 after purchasing an additional 5,498 shares in the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in shares of V2X in the second quarter valued at approximately $6,982,000. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

V2X Trading Down 0.3 %

VVX opened at $59.32 on Thursday. The firm’s 50 day moving average is $61.65 and its 200-day moving average is $54.10. V2X, Inc. has a 52-week low of $37.04 and a 52-week high of $69.75. 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 firm has a market capitalization of $1.87 billion, a P/E ratio of 211.86 and a beta of 0.55.

V2X (NYSE:VVX) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 earnings per share. Analysts expect that V2X, Inc. will post 4.14 EPS for the current fiscal year.

Insider Transactions at V2X

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the sale, the general counsel now owns 10,634 shares of the company’s stock, valued at $653,246.62. The trade was a 19.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

VVX has been the topic of a number of recent research reports. JMP Securities upped 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. 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 target price for the company. Robert W. Baird initiated coverage on shares of V2X in a research note on Friday, October 11th. They set an “outperform” rating and a $75.00 price target on the stock. Baird R W raised shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price target on shares of V2X in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $72.17.

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.