Victory Capital Management Inc. increased its stake in V2X, Inc. (NYSE:VVX – Free Report) by 12.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 753,312 shares of the company’s stock after acquiring an additional 83,400 shares during the period. Victory Capital Management Inc.’s holdings in V2X were worth $43,760,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Osaic Holdings Inc. raised its position in V2X by 140.0% during the second quarter. Osaic Holdings Inc. now owns 1,068 shares of the company’s stock valued at $52,000 after purchasing an additional 623 shares in the last quarter. LRI Investments LLC bought a new stake in V2X during the third quarter worth about $57,000. CWM LLC boosted its holdings in shares of V2X by 188.9% in the 3rd quarter. CWM LLC now owns 1,037 shares of the company’s stock worth $60,000 after purchasing an additional 678 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of V2X by 18.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,757 shares of the company’s stock worth $85,000 after purchasing an additional 275 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of V2X during the 3rd quarter valued at about $105,000. Institutional investors own 95.18% of the company’s stock.
V2X Stock Up 1.4%
VVX opened at $72.87 on Friday. V2X, Inc. has a 12 month low of $42.09 and a 12 month high of $75.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.00. The business’s 50-day moving average price is $66.12 and its 200-day moving average price is $59.76. The company has a market cap of $2.27 billion, a P/E ratio of 29.86, a P/E/G ratio of 0.62 and a beta of 0.12.
Insider Buying and Selling
In other V2X news, major shareholder American Industrial Partners C sold 1,200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $55.05, for a total value of $66,060,000.00. Following the completion of the sale, the insider owned 4,550,001 shares in the company, valued at approximately $250,477,555.05. The trade was a 20.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.
Analyst Ratings Changes
VVX has been the topic of a number of research reports. Morgan Stanley raised their price objective on V2X from $61.00 to $66.00 and gave the company an “underweight” rating in a report on Wednesday, February 25th. Citigroup increased their price target on shares of V2X from $62.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Truist Financial reissued a “hold” rating and set a $68.00 price target (up from $65.00) on shares of V2X in a research note on Tuesday, February 24th. The Goldman Sachs Group boosted their price objective on shares of V2X from $57.00 to $63.00 and gave the stock a “sell” rating in a report on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of V2X in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $72.22.
Get Our Latest Analysis on VVX
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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