Royce & Associates LP Sells 6,570 Shares of V2X, Inc. (NYSE:VVX)

Royce & Associates LP lessened its holdings in shares of V2X, Inc. (NYSE:VVX) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,120 shares of the company’s stock after selling 6,570 shares during the quarter. Royce & Associates LP owned 0.65% of V2X worth $11,346,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of VVX. Janney Montgomery Scott LLC lifted its position in shares of V2X by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company’s stock worth $475,000 after buying an additional 287 shares in the last quarter. Sei Investments Co. increased its position in shares of V2X by 8.3% during the 1st quarter. Sei Investments Co. now owns 21,456 shares of the company’s stock valued at $1,002,000 after purchasing an additional 1,639 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of V2X during the 1st quarter valued at $307,000. Vanguard Group Inc. raised its stake in shares of V2X by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock worth $27,476,000 after purchasing an additional 5,259 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of V2X by 287.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 7,403 shares of the company’s stock worth $346,000 after buying an additional 5,491 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.

Insiders Place Their Bets

In other V2X news, CFO Shawn Mural purchased 937 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $48.00 per share, for a total transaction of $44,976.00. Following the transaction, the chief financial officer now owns 1,437 shares in the company, valued at $68,976. The trade was a 187.40 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eric M. Pillmore acquired 3,125 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director now owns 41,516 shares of the company’s stock, valued at $1,992,768. The trade was a 8.14 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 11,936 shares of company stock worth $572,928 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

V2X Stock Performance

NYSE:VVX opened at $56.96 on Friday. The business’s fifty day moving average is $59.13 and its 200 day moving average is $52.61. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 203.44 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, Inc. has a 52-week low of $37.04 and a 52-week high of $69.75.

V2X (NYSE:VVX) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.22. V2X had a return on equity of 13.49% and a net margin of 0.22%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. Research analysts predict that V2X, Inc. will post 4.14 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on VVX shares. Raymond James lifted their price objective on shares of V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price objective on shares of V2X in a research note on Tuesday, November 5th. JMP Securities raised their target price on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 5th. Robert W. Baird initiated coverage on V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 price target on the stock. Finally, Baird R W raised V2X to a “strong-buy” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $70.60.

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.