V2X, Inc. (NYSE:VVX) Holdings Lifted by Prospector Partners LLC

Prospector Partners LLC grew its holdings in shares of V2X, Inc. (NYSE:VVX) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,310 shares of the company’s stock after buying an additional 13,980 shares during the period. Prospector Partners LLC owned 0.33% of V2X worth $5,883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in VVX. FMR LLC increased its position in V2X by 17.2% in the 3rd quarter. FMR LLC now owns 2,997,474 shares of the company’s stock valued at $167,439,000 after acquiring an additional 439,852 shares during the period. Systematic Financial Management LP increased its holdings in shares of V2X by 152.7% during the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock valued at $13,404,000 after purchasing an additional 168,886 shares during the period. Peregrine Capital Management LLC bought a new stake in shares of V2X during the second quarter valued at about $6,982,000. Dimensional Fund Advisors LP lifted its holdings in V2X by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock worth $31,741,000 after purchasing an additional 87,741 shares during the period. Finally, Sei Investments Co. grew its position in V2X by 243.3% in the 2nd quarter. Sei Investments Co. now owns 73,653 shares of the company’s stock valued at $3,532,000 after buying an additional 52,197 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

V2X Price Performance

NYSE VVX opened at $60.58 on Tuesday. V2X, Inc. has a 1 year low of $37.04 and a 1 year high of $69.75. The business’s fifty day moving average is $60.23 and its two-hundred day moving average is $52.95. The stock has a market capitalization of $1.91 billion, a P/E ratio of 216.44 and a beta of 0.57. 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 announced its earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.22. V2X had a return on equity of 13.49% and a net margin of 0.22%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. V2X’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, research analysts forecast that V2X, Inc. will post 4.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other V2X news, CAO William Boyd Noon bought 1,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $48.00 per share, with a total value of $48,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,931 shares in the company, valued at approximately $524,688. This represents a 10.07 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeremy C. Wensinger purchased 6,250 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $48.00 per share, for a total transaction of $300,000.00. Following the acquisition, the chief executive officer now directly owns 6,250 shares of the company’s stock, valued at $300,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 11,936 shares of company stock worth $572,928. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Baird R W upgraded shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. BTIG Research began coverage on V2X in a report on Monday. They set a “buy” rating and a $80.00 target price on the stock. Robert W. Baird initiated coverage on V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price target on shares of V2X in a research report on Tuesday, November 5th. Finally, JMP Securities upped their price objective on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $72.17.

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.