Royce & Associates LP Raises Stock Holdings in V2X, Inc. (NYSE:VVX)

Royce & Associates LP boosted its position in V2X, Inc. (NYSE:VVX) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 215,030 shares of the company’s stock after purchasing an additional 11,910 shares during the quarter. Royce & Associates LP owned approximately 0.68% of V2X worth $10,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. US Bancorp DE increased its stake in shares of V2X by 81.0% in the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after acquiring an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of V2X by 51.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock valued at $114,000 after purchasing an additional 814 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of V2X during the third quarter valued at approximately $207,000. Paloma Partners Management Co purchased a new position in shares of V2X during the third quarter valued at approximately $219,000. Finally, Quantbot Technologies LP bought a new stake in shares of V2X in the 3rd quarter worth approximately $276,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VVX. Royal Bank of Canada lowered their price objective on V2X from $58.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Citigroup began coverage on V2X in a research report on Tuesday, January 21st. They issued a “buy” rating and a $64.00 price target for the company. Raymond James cut their price objective on shares of V2X from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. The Goldman Sachs Group started coverage on shares of V2X in a report on Thursday, December 12th. They issued a “sell” rating and a $54.00 target price for the company. Finally, JMP Securities reiterated a “market outperform” rating and issued a $80.00 target price on shares of V2X in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.38.

V2X Stock Performance

Shares of VVX stock opened at $49.14 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a 50 day moving average price of $48.72 and a 200-day moving average price of $54.16. V2X, Inc. has a 52 week low of $41.08 and a 52 week high of $69.75. The firm has a market capitalization of $1.55 billion, a PE ratio of 175.51, a P/E/G ratio of 0.61 and a beta of 0.61.

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.