BNP Paribas Financial Markets Buys 19,871 Shares of V2X, Inc. (NYSE:VVX)

BNP Paribas Financial Markets boosted its holdings in V2X, Inc. (NYSE:VVX) by 116.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,892 shares of the company’s stock after purchasing an additional 19,871 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.12% of V2X worth $1,765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. boosted its stake in V2X by 24.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock worth $71,000 after purchasing an additional 288 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in V2X by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock worth $114,000 after purchasing an additional 814 shares during the period. KLP Kapitalforvaltning AS bought a new position in V2X in the 4th quarter worth approximately $134,000. Aquatic Capital Management LLC bought a new position in V2X in the 4th quarter worth approximately $171,000. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in V2X by 15.3% in 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. 95.18% of the stock is currently owned by institutional investors.

V2X Stock Performance

NYSE:VVX opened at $47.99 on Friday. The stock’s fifty day moving average is $49.34 and its 200 day moving average is $51.75. V2X, Inc. has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The firm has a market capitalization of $1.52 billion, a PE ratio of 171.39, a PEG ratio of 0.61 and a beta of 0.27. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08.

V2X (NYSE:VVX) last released its quarterly earnings results on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.06. V2X had a return on equity of 13.49% and a net margin of 0.22%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm posted $0.90 EPS. V2X’s quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts anticipate that V2X, Inc. will post 4.16 earnings per share for the current year.

Wall Street Analyst Weigh In

VVX has been the subject of several recent analyst reports. Morgan Stanley began coverage on V2X in a research note on Wednesday, April 16th. They issued an “underweight” rating and a $51.00 price target for the company. Truist Financial decreased their price objective on V2X from $68.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Citigroup began coverage on V2X in a report on Tuesday, January 21st. They set a “buy” rating and a $64.00 price objective on the stock. Royal Bank of Canada decreased their price objective on V2X from $58.00 to $54.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Finally, Raymond James decreased their price objective on V2X from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.67.

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.