4,979 Shares in V2X, Inc. (NYSE:VVX) Bought by Arizona State Retirement System

Arizona State Retirement System bought a new position in V2X, Inc. (NYSE:VVX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,979 shares of the company’s stock, valued at approximately $244,000.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in shares of V2X by 12.9% during the first quarter. Bank of New York Mellon Corp now owns 67,284 shares of the company’s stock worth $3,300,000 after purchasing an additional 7,680 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of V2X by 37.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,281 shares of the company’s stock worth $161,000 after acquiring an additional 899 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of V2X during the 1st quarter worth approximately $1,392,000. Allspring Global Investments Holdings LLC boosted its position in V2X by 53.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,069 shares of the company’s stock valued at $930,000 after buying an additional 6,629 shares in the last quarter. Finally, Wealthquest Corp acquired a new position in shares of V2X during the first quarter worth $97,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at V2X

In related news, SVP Richard L. Jr. Caputo sold 4,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $44.43, for a total value of $177,720.00. Following the completion of the transaction, the senior vice president directly owned 15,869 shares of the company’s stock, valued at $705,059.67. This trade represents a 20.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.88% of the stock is owned by insiders.

Analysts Set New Price Targets

VVX has been the subject of a number of analyst reports. Wall Street Zen cut shares of V2X from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Morgan Stanley initiated coverage on shares of V2X in a report on Wednesday, April 16th. They set an “underweight” rating and a $51.00 price objective for the company. Truist Financial reduced their price objective on shares of V2X from $68.00 to $55.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Stifel Nicolaus initiated coverage on shares of V2X in a report on Tuesday, June 24th. They set a “buy” rating and a $55.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $62.80.

V2X Trading Up 0.5%

VVX stock opened at $47.40 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.05. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $69.75. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 0.53 and a beta of 0.24. The firm’s fifty day simple moving average is $46.96 and its two-hundred day simple moving average is $48.27.

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

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.