V2X, Inc. (NYSE:VVX) Shares Bought by Prospector Partners LLC

Prospector Partners LLC grew its position in V2X, Inc. (NYSE:VVX - Free Report) by 15.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,310 shares of the company's stock after acquiring an additional 13,980 shares during the quarter. Prospector Partners LLC owned about 0.33% of V2X worth $5,883,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Systematic Financial Management LP raised its position in V2X by 152.7% in the 2nd quarter. Systematic Financial Management LP now owns 279,486 shares of the company's stock worth $13,404,000 after purchasing an additional 168,886 shares during the period. Vanguard Group Inc. raised its holdings in shares of V2X by 0.9% in the first quarter. Vanguard Group Inc. now owns 588,232 shares of the company's stock worth $27,476,000 after buying an additional 5,259 shares during the period. Factorial Partners LLC raised its holdings in shares of V2X by 28.6% in the second quarter. Factorial Partners LLC now owns 54,000 shares of the company's stock worth $2,590,000 after buying an additional 12,000 shares during the period. Sei Investments Co. lifted its stake in shares of V2X by 243.3% during the 2nd quarter. Sei Investments Co. now owns 73,653 shares of the company's stock worth $3,532,000 after acquiring an additional 52,197 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in V2X by 50.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 13,212 shares of the company's stock valued at $634,000 after acquiring an additional 4,419 shares during the period. Institutional investors own 95.18% of the company's stock.

V2X Stock Performance

Shares of NYSE VVX traded down $0.39 during midday trading on Tuesday, reaching $60.21. The company had a trading volume of 286,951 shares, compared to its average volume of 121,785. V2X, Inc. has a 1 year low of $37.04 and a 1 year high of $69.75. The business's 50-day simple moving average is $60.41 and its 200 day simple moving average is $53.03. 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 cap of $1.90 billion, a P/E ratio of 216.40 and a beta of 0.57.

V2X (NYSE:VVX - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.22. The company had revenue of $1.08 billion during 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 firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. On average, analysts forecast that V2X, Inc. will post 4.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other V2X news, Director Eric M. Pillmore purchased 3,125 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $48.00 per share, with a total value of $150,000.00. Following the completion of the acquisition, the director now owns 41,516 shares in the company, valued at $1,992,768. This trade represents a 8.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO William Boyd Noon acquired 1,000 shares of V2X stock in a transaction on Friday, September 6th. The shares were bought at an average price of $48.00 per share, with a total value of $48,000.00. Following the purchase, the chief accounting officer now directly owns 10,931 shares in the company, valued at approximately $524,688. The trade was a 10.07 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 11,936 shares of company stock worth $572,928. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

VVX has been the topic of several recent analyst reports. Robert W. Baird assumed coverage on shares of V2X in a research note on Friday, October 11th. They issued an "outperform" rating and a $75.00 price target on the stock. Raymond James raised their target price on shares of V2X from $60.00 to $72.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, November 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $70.00 price target on shares of V2X in a report on Tuesday, November 5th. JMP Securities raised their price objective on V2X from $65.00 to $80.00 and gave the stock a "market outperform" rating in a report on Tuesday, November 5th. Finally, Baird R W raised shares of V2X to a "strong-buy" rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price 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.