Hennion & Walsh Asset Management Inc. Purchases 6,212 Shares of V2X, Inc. (NYSE:VVX)

Hennion & Walsh Asset Management Inc. lifted its holdings in V2X, Inc. (NYSE:VVX - Free Report) by 38.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,395 shares of the company's stock after buying an additional 6,212 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.07% of V2X worth $1,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC boosted its position in V2X by 17.2% during the third quarter. FMR LLC now owns 2,997,474 shares of the company's stock valued at $167,439,000 after purchasing an additional 439,852 shares during the last quarter. Zimmer Partners LP bought a new stake in shares of V2X in the 3rd quarter valued at approximately $14,659,000. Assenagon Asset Management S.A. grew its stake in shares of V2X by 1,014.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company's stock valued at $11,077,000 after buying an additional 210,814 shares in the last quarter. Simcoe Capital Management LLC acquired a new position in V2X in the third quarter worth approximately $11,604,000. Finally, Systematic Financial Management LP raised its position in V2X by 152.7% during the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company's stock valued at $13,404,000 after acquiring an additional 168,886 shares in the last quarter. Hedge funds and other institutional investors own 95.18% of the company's stock.

Analysts Set New Price Targets

VVX has been the topic of several analyst reports. BTIG Research assumed coverage on shares of V2X in a research note on Monday, November 25th. They set a "buy" rating and a $80.00 price target on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $58.00 target price (down from $70.00) on shares of V2X in a research report on Thursday, December 19th. The Goldman Sachs Group assumed coverage on V2X in a research report on Thursday, December 12th. They issued a "sell" rating and a $54.00 price target for the company. Robert W. Baird initiated coverage on V2X in a report on Friday, October 11th. They set an "outperform" rating and a $75.00 price objective on the stock. Finally, JMP Securities reissued a "market outperform" rating and issued a $80.00 price objective on shares of V2X in a research note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, V2X has a consensus rating of "Moderate Buy" and a consensus target price of $66.86.

Insider Transactions at V2X

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $61.43, for a total transaction of $153,575.00. Following the completion of the transaction, the general counsel now directly owns 10,634 shares of the company's stock, valued at approximately $653,246.62. This trade represents a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

V2X Stock Performance

Shares of V2X stock traded up $1.21 during trading on Monday, reaching $52.89. The company's stock had a trading volume of 135,041 shares, compared to its average volume of 248,044. V2X, Inc. has a one year low of $37.04 and a one year high of $69.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 188.91 and a beta of 0.59. The business's fifty day moving average price is $54.69 and its 200-day moving average price is $54.66.

V2X (NYSE:VVX - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.22. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. V2X's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $0.73 earnings per share. As a group, equities research analysts predict that V2X, Inc. will post 4.14 earnings per share for the current year.

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.