V2X, Inc. (NYSE:VVX) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its holdings in shares of V2X, Inc. (NYSE:VVX - Free Report) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 235,047 shares of the company's stock after selling 9,190 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.74% of V2X worth $13,130,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Quest Partners LLC increased its stake in shares of V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company's stock worth $32,000 after purchasing an additional 356 shares in the last quarter. US Bancorp DE boosted its holdings in 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 buying an additional 460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in V2X by 200.2% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company's stock worth $60,000 after buying an additional 839 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of V2X during the third quarter valued at approximately $95,000. Finally, SG Americas Securities LLC purchased a new position in shares of V2X in the third quarter valued at approximately $199,000. 95.18% of the stock is owned by institutional investors and hedge funds.

V2X Stock Down 0.6 %

VVX stock opened at $60.21 on Wednesday. V2X, Inc. has a one year low of $37.04 and a one year high of $69.75. The firm has a market cap of $1.90 billion, a PE ratio of 215.04 and a beta of 0.57. The firm's 50 day moving average price is $60.57 and its 200-day moving average price is $53.11. 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 (NYSE:VVX - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.07 by $0.22. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. On average, equities research analysts anticipate that V2X, Inc. will post 4.14 EPS for the current year.

Insider Activity

In other V2X news, CFO Shawn Mural purchased 937 shares of the business'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 completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO William Boyd Noon purchased 1,000 shares of V2X stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, for a total transaction of $48,000.00. Following the transaction, the chief accounting officer now directly owns 10,931 shares of the company's stock, valued at approximately $524,688. This represents a 10.07 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 11,936 shares of company stock valued at $572,928. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

VVX has been the subject of several research reports. Robert W. Baird started coverage on V2X in a research report on Friday, October 11th. They set an "outperform" rating and a $75.00 price target for the company. Baird R W raised shares of V2X to a "strong-buy" rating in a research note on Friday, October 11th. JMP Securities increased their price objective on shares of V2X from $65.00 to $80.00 and gave the company a "market outperform" rating in a report on Tuesday, November 5th. Raymond James boosted their target price on V2X from $60.00 to $72.00 and gave the stock a "strong-buy" rating in a report on Tuesday, November 5th. Finally, BTIG Research began coverage on V2X in a report on Monday. They issued a "buy" rating and a $80.00 price target for the company. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $72.17.

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.