V2X, Inc. (NYSE:VVX) Stock Position Lifted by Prospector Partners LLC

Prospector Partners LLC boosted its stake in V2X, Inc. (NYSE:VVX) by 15.3% in the third quarter, Holdings Channel reports. The institutional investor owned 105,310 shares of the company’s stock after acquiring an additional 13,980 shares during the quarter. Prospector Partners LLC’s holdings in V2X were worth $5,883,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VVX. Quest Partners LLC increased its stake in shares of V2X by 112.3% in the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after acquiring an additional 356 shares during the last quarter. US Bancorp DE grew its stake in V2X by 81.0% in the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after purchasing an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in V2X by 200.2% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock valued at $60,000 after purchasing an additional 839 shares in the last quarter. nVerses Capital LLC acquired a new position in V2X in the 3rd quarter worth about $95,000. Finally, SG Americas Securities LLC purchased a new stake in shares of V2X during the 3rd quarter worth about $199,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

V2X Price Performance

Shares of V2X stock opened at $60.58 on Tuesday. V2X, Inc. has a 1-year low of $37.04 and a 1-year high of $69.75. The firm has a fifty day simple moving average of $60.23 and a 200-day simple moving average of $52.95. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 216.44 and a beta of 0.57.

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

Insider Buying and Selling

In related news, CFO Shawn Mural purchased 937 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $48.00 per share, for a total transaction of $44,976.00. Following the transaction, the chief financial officer now directly owns 1,437 shares of the company’s stock, valued at approximately $68,976. This trade represents a 187.40 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Jeremy John Nance sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the transaction, the general counsel now owns 10,634 shares in the company, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 11,936 shares of company stock valued at $572,928. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JMP Securities boosted their price target on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 5th. BTIG Research started coverage on shares of V2X in a research report on Monday. They issued a “buy” rating and a $80.00 target price for the company. Robert W. Baird assumed coverage on shares of V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price objective on shares of V2X in a report on Tuesday, November 5th. Finally, Raymond James raised their target price on V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $72.17.

V2X Company 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.