Teacher Retirement System of Texas Invests $1.39 Million in V2X, Inc. (NYSE:VVX)

Teacher Retirement System of Texas bought a new position in shares of V2X, Inc. (NYSE:VVX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,372 shares of the company’s stock, valued at approximately $1,392,000. Teacher Retirement System of Texas owned approximately 0.09% of V2X at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State of Wyoming bought a new stake in shares of V2X in the fourth quarter worth $45,000. Whipplewood Advisors LLC increased its stake in shares of V2X by 4,066.7% in the first quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company’s stock worth $49,000 after buying an additional 976 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of V2X by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock worth $71,000 after buying an additional 288 shares during the last quarter. Wealthquest Corp bought a new stake in shares of V2X in the first quarter worth $97,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of V2X in the fourth quarter worth $134,000. 95.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VVX has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on shares of V2X in a research note on Wednesday, April 16th. They issued an “underweight” rating and a $51.00 price target for the company. Stifel Nicolaus began coverage on shares of V2X in a research note on Tuesday, June 24th. They set a “buy” rating and a $55.00 target price for the company. Finally, Truist Financial lowered 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 investment analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, V2X presently has an average rating of “Moderate Buy” and an average price target of $62.80.

V2X Price Performance

Shares of NYSE VVX opened at $48.54 on Friday. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $69.75. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 0.54 and a beta of 0.24. The firm has a 50-day moving average of $47.34 and a two-hundred day moving average of $48.28.

V2X (NYSE:VVX) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. V2X had a net margin of 0.96% and a return on equity of 13.97%. V2X’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $0.90 EPS. As a group, analysts expect that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Insider Buying and Selling at V2X

In related news, SVP Richard L. Jr. Caputo sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $44.43, for a total value of $177,720.00. Following the completion of the sale, the senior vice president owned 15,869 shares of the company’s stock, valued at approximately $705,059.67. The trade was a 20.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

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.