V2X, Inc. $VVX Stock: Jefferies Financial Group Inc. Cuts Holdings

Jefferies Financial Group Inc. cut its holdings in V2X, Inc. (NYSE:VVX) by 33.4% during the third quarter, Holdings Channel.com reports. The fund owned 17,595 shares of the company’s stock after selling 8,831 shares during the period. Jefferies Financial Group Inc.’s holdings in V2X were worth $1,245,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Illinois Municipal Retirement Fund bought a new stake in shares of V2X during the 3rd quarter valued at $802,000. Knights of Columbus Asset Advisors LLC lifted its stake in shares of V2X by 0.5% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 33,208 shares of the company’s stock valued at $2,350,000 after purchasing an additional 153 shares during the period. Fulcrum Asset Management LLP boosted its position in shares of V2X by 364.4% in the 3rd quarter. Fulcrum Asset Management LLP now owns 5,108 shares of the company’s stock worth $372,000 after purchasing an additional 4,008 shares during the last quarter. Ethic Inc. boosted its position in shares of V2X by 17.7% in the 3rd quarter. Ethic Inc. now owns 10,919 shares of the company’s stock worth $773,000 after purchasing an additional 1,641 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its position in shares of V2X by 120.2% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 8,746 shares of the company’s stock worth $619,000 after purchasing an additional 4,775 shares during the last quarter. 95.18% of the stock is owned by institutional investors.

V2X Trading Down 1.1%

VVX traded down $0.86 during mid-day trading on Friday, hitting $80.08. The stock had a trading volume of 238,748 shares, compared to its average volume of 366,585. The stock’s fifty day simple moving average is $74.47 and its 200-day simple moving average is $74.41. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 0.62 and a beta of 0.19. V2X, Inc. has a 1-year low of $50.89 and a 1-year high of $93.98.

V2X (NYSE:VVX) last announced its quarterly earnings results on Monday, November 2nd. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.15. V2X had a net margin of 1.98% and a return on equity of 17.88%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business earned $1.37 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. As a group, research analysts forecast that V2X, Inc. will post 6.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Zacks Research downgraded V2X from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Stifel Nicolaus set a $102.00 target price on V2X in a research note on Tuesday, August 4th. Royal Bank Of Canada raised their target price on V2X from $81.00 to $88.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 3rd. BTIG Research boosted their target price on V2X from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Finally, Citizens Jmp upped their price target on V2X from $90.00 to $102.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, V2X has an average rating of “Hold” and a consensus target price of $89.70.

V2X Profile

V2X, Inc. provides mission-critical services and technology to the U.S. government, defense and intelligence organizations, and international customers. Its work supports military operations and other government missions in the United States and around the world. The company’s services include logistics and supply-chain management, base and facility operations, equipment maintenance, engineering, training, information technology, and cybersecurity. V2X also provides operational and technical support intended to help customers manage complex missions and infrastructure.