Franklin Resources Inc. Sells 17,902 Shares of V2X, Inc. (NYSE:VVX)

Franklin Resources Inc. decreased its position in V2X, Inc. (NYSE:VVX - Free Report) by 21.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 65,974 shares of the company's stock after selling 17,902 shares during the quarter. Franklin Resources Inc. owned 0.21% of V2X worth $3,156,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of V2X during the fourth quarter worth approximately $13,947,000. Assenagon Asset Management S.A. raised its position in 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 purchasing an additional 210,814 shares during the last quarter. Vanguard Group Inc. boosted its stake in V2X by 19.1% in the fourth quarter. Vanguard Group Inc. now owns 898,112 shares of the company's stock worth $42,957,000 after purchasing an additional 144,029 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of V2X by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 340,793 shares of the company's stock worth $19,037,000 after purchasing an additional 29,869 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of V2X in the fourth quarter valued at $1,150,000. Institutional investors and hedge funds own 95.18% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on VVX shares. Truist Financial lowered their price objective on shares of V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research report on Monday. Raymond James decreased their price objective on V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. JMP Securities restated a "market outperform" rating and set a $80.00 target price on shares of V2X in a research report on Friday, January 17th. Royal Bank of Canada lowered their price objective on V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th. Finally, Morgan Stanley initiated coverage on shares of V2X in a research note on Wednesday. They issued an "underweight" rating and a $51.00 target price on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.90.

V2X Trading Down 0.6 %

V2X stock traded down $0.30 during midday trading on Friday, hitting $48.16. 152,978 shares of the stock were exchanged, compared to its average volume of 183,508. V2X, Inc. has a 52 week low of $41.08 and a 52 week high of $69.75. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The stock has a market capitalization 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 fifty day simple moving average of $47.80 and a two-hundred day simple moving average of $53.53.

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.