Mackenzie Financial Corp Makes New Investment in V2X, Inc. (NYSE:VVX)

Mackenzie Financial Corp acquired a new stake in V2X, Inc. (NYSE:VVX) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,457 shares of the company’s stock, valued at approximately $611,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VVX. Teacher Retirement System of Texas purchased a new position in shares of V2X during the 1st quarter valued at about $1,392,000. Allspring Global Investments Holdings LLC lifted its holdings 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 acquiring an additional 6,629 shares during the period. Point72 Asset Management L.P. purchased a new stake in V2X in the 4th quarter worth approximately $818,000. Jump Financial LLC acquired a new stake in shares of V2X during the 4th quarter worth approximately $831,000. Finally, Invesco Ltd. grew its stake in shares of V2X by 8.2% during the 4th quarter. Invesco Ltd. now owns 226,305 shares of the company’s stock worth $10,824,000 after purchasing an additional 17,232 shares during the period. Institutional investors and hedge funds own 95.18% of the company’s stock.

Wall Street Analysts Forecast Growth

VVX has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $63.00 price target on shares of V2X and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley started coverage on shares of V2X in a research report on Wednesday, April 16th. They issued an “underweight” rating and a $51.00 price objective for the company. Truist Financial dropped their target price on V2X from $68.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Wall Street Zen cut V2X from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, V2X presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.60.

Insider Transactions at V2X

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

V2X Stock Performance

Shares of V2X stock opened at $54.58 on Thursday. The business has a 50-day simple moving average of $47.33 and a 200-day simple moving average of $48.33. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.20. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75. The company has a market cap of $1.73 billion, a PE ratio of 24.81, a P/E/G ratio of 0.61 and a beta of 0.27.

V2X (NYSE:VVX) last issued its quarterly earnings results on Monday, August 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.33. V2X had a net margin of 1.63% and a return on equity of 15.28%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that V2X, Inc. will post 4.16 EPS for the current fiscal 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.