Royce & Associates LP Increases Position in V2X, Inc. (NYSE:VVX)

Royce & Associates LP lifted its position in shares of V2X, Inc. (NYSE:VVX - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,030 shares of the company's stock after acquiring an additional 11,910 shares during the quarter. Royce & Associates LP owned 0.68% of V2X worth $10,285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Swiss National Bank grew its holdings in V2X by 12.6% during the fourth quarter. Swiss National Bank now owns 27,700 shares of the company's stock worth $1,325,000 after acquiring an additional 3,100 shares during the period. Prescott Group Capital Management L.L.C. grew its stake in shares of V2X by 6.8% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 99,705 shares of the company's stock worth $4,769,000 after purchasing an additional 6,310 shares during the period. Raymond James Financial Inc. acquired a new position in shares of V2X during the 4th quarter worth $1,150,000. Victory Capital Management Inc. purchased a new position in shares of V2X in the 4th quarter valued at about $13,947,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of V2X by 16.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 141,885 shares of the company's stock valued at $6,786,000 after purchasing an additional 19,524 shares during the period. 95.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group began 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. Citigroup initiated coverage on V2X in a research note on Tuesday, January 21st. They issued a "buy" rating and a $64.00 price objective for the company. Raymond James reduced their price objective on V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. BTIG Research started coverage on V2X in a report on Monday, November 25th. They issued a "buy" rating and a $80.00 target price on the stock. Finally, Royal Bank of Canada cut their price target 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.38.

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V2X Price Performance

Shares of NYSE:VVX traded down $2.23 on Friday, hitting $49.37. The company had a trading volume of 1,164,491 shares, compared to its average volume of 170,515. 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 company has a market cap of $1.56 billion, a PE ratio of 176.31, a PEG ratio of 0.61 and a beta of 0.61. V2X, Inc. has a 52-week low of $41.08 and a 52-week high of $69.75. The business has a 50 day moving average of $49.01 and a 200 day moving average of $54.09.

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.