Meeder Asset Management Inc. purchased a new stake in V2X, Inc. (NYSE:VVX – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 33,751 shares of the company’s stock, valued at approximately $2,516,000. Meeder Asset Management Inc. owned 0.11% of V2X as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of V2X in the second quarter valued at $189,727,000. Deutsche Bank AG acquired a new position in V2X during the 2nd quarter worth about $2,294,000. Rice Hall James & Associates LLC purchased a new stake in V2X during the 2nd quarter worth approximately $2,142,000. Bank of New York Mellon Corp acquired a new position in shares of V2X during the second quarter worth about $8,718,000. Finally, State of Wyoming acquired a new position in V2X during the 2nd quarter worth approximately $290,000. 95.18% of the stock is currently owned by hedge funds and other institutional investors.
V2X Stock Down 1.7%
Shares of NYSE VVX opened at $81.25 on Wednesday. The business has a 50-day moving average price of $80.76 and a 200 day moving average price of $74.13. The stock has a market cap of $2.55 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 0.65 and a beta of 0.21. 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.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Noble Financial reiterated an “outperform” rating on shares of V2X in a research note on Tuesday, June 2nd. Citizens Jmp boosted their price objective on shares of V2X from $90.00 to $102.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 28th. BTIG Research restated a “buy” rating and issued a $90.00 target price on shares of V2X in a report on Wednesday, May 27th. Truist Financial reaffirmed a “hold” rating and issued a $85.00 target price (up from $70.00) on shares of V2X in a research report on Tuesday, August 4th. Finally, Stifel Nicolaus set a $102.00 price target on shares of V2X in a research note on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, V2X has a consensus rating of “Hold” and an average price target of $86.90.
Read Our Latest Analysis on VVX
About V2X
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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