Fmr LLC Buys 714,722 Shares of V2X, Inc. (NYSE:VVX)

FMR LLC increased its position in V2X, Inc. (NYSE:VVX - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,712,196 shares of the company's stock after acquiring an additional 714,722 shares during the period. FMR LLC owned about 11.76% of V2X worth $177,554,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VVX. Corebridge Financial Inc. lifted its position in V2X by 7.1% during the fourth quarter. Corebridge Financial Inc. now owns 7,044 shares of the company's stock valued at $337,000 after purchasing an additional 470 shares during the period. LPL Financial LLC lifted its holdings in shares of V2X by 11.0% during the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company's stock valued at $245,000 after buying an additional 508 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake in shares of V2X by 15.3% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock worth $201,000 after buying an additional 558 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of V2X by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company's stock worth $114,000 after acquiring an additional 814 shares during the period. Finally, Rhumbline Advisers increased its position in V2X by 5.0% during the fourth quarter. Rhumbline Advisers now owns 21,239 shares of the company's stock valued at $1,016,000 after acquiring an additional 1,004 shares during the last quarter. 95.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Citigroup started coverage on V2X in a research report on Tuesday, January 21st. They issued a "buy" rating and a $64.00 target price on the stock. Royal Bank of Canada cut their target price on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th. Truist Financial decreased their price target on shares of V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday. JMP Securities restated a "market outperform" rating and issued a $80.00 price objective on shares of V2X in a research note on Friday, January 17th. Finally, Raymond James decreased their target price on V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $62.90.

V2X Price Performance

NYSE:VVX traded down $0.30 on Friday, reaching $48.16. 152,978 shares of the company's stock traded hands, compared to its average volume of 183,508. The stock has a 50-day simple moving average of $47.80 and a 200-day simple moving average of $53.53. V2X, Inc. has a 12 month low of $41.08 and a 12 month high of $69.75. The firm has a market cap of $1.52 billion, a PE ratio of 172.01, a P/E/G ratio of 0.61 and a beta of 0.45. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.

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.