Hennion & Walsh Asset Management Inc. cut its position in shares of V2X, Inc. (NYSE:VVX – Free Report) by 11.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,815 shares of the company’s stock after selling 6,664 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in V2X were worth $3,863,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of V2X by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,986 shares of the company’s stock worth $217,000 after buying an additional 165 shares in the last quarter. Comerica Bank raised its holdings in shares of V2X by 79.1% in the third quarter. Comerica Bank now owns 480 shares of the company’s stock valued at $28,000 after acquiring an additional 212 shares in the last quarter. New York State Teachers Retirement System lifted its stake in V2X by 16.6% in the fourth quarter. New York State Teachers Retirement System now owns 1,762 shares of the company’s stock worth $96,000 after acquiring an additional 251 shares during the period. Vident Advisory LLC lifted its stake in V2X by 2.5% in the fourth quarter. Vident Advisory LLC now owns 10,778 shares of the company’s stock worth $588,000 after acquiring an additional 261 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its holdings in V2X by 3.9% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 7,389 shares of the company’s stock worth $403,000 after acquiring an additional 276 shares in the last quarter. 95.18% of the stock is currently owned by hedge funds and other institutional investors.
V2X Stock Down 2.1%
Shares of V2X stock opened at $82.63 on Tuesday. The firm’s 50 day moving average price is $81.05 and its 200-day moving average price is $73.59. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.92. V2X, Inc. has a 52-week low of $50.89 and a 52-week high of $93.98. The company has a market cap of $2.59 billion, a P/E ratio of 28.49, a PEG ratio of 0.66 and a beta of 0.21.
Wall Street Analyst Weigh In
VVX has been the topic of a number of research reports. Truist Financial reissued a “hold” rating and set a $85.00 target price (up from $70.00) on shares of V2X in a research report on Tuesday, August 4th. Wall Street Zen downgraded shares of V2X from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada lifted their price objective on shares of V2X from $70.00 to $75.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Robert W. Baird reissued a “neutral” rating and issued a $94.00 price objective on shares of V2X in a research note on Tuesday, August 4th. Finally, Citizens Jmp upped their target price on V2X from $90.00 to $102.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.90.
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.
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