Fisher Asset Management LLC trimmed its position in shares of V2X, Inc. (NYSE:VVX – Free Report) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,016 shares of the company’s stock after selling 13,663 shares during the period. Fisher Asset Management LLC owned 0.63% of V2X worth $10,911,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in V2X by 20.6% during the fourth quarter. Vanguard Group Inc. now owns 1,434,711 shares of the company’s stock valued at $78,263,000 after purchasing an additional 245,149 shares during the period. Dimensional Fund Advisors LP grew its holdings in V2X by 6.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,251,209 shares of the company’s stock valued at $72,678,000 after purchasing an additional 80,037 shares during the period. Wellington Management Group LLP grew its holdings in V2X by 842.1% during the third quarter. Wellington Management Group LLP now owns 803,517 shares of the company’s stock valued at $46,676,000 after purchasing an additional 718,225 shares during the period. Victory Capital Management Inc. grew its holdings in V2X by 12.4% during the third quarter. Victory Capital Management Inc. now owns 753,312 shares of the company’s stock valued at $43,760,000 after purchasing an additional 83,400 shares during the period. Finally, Boston Partners grew its holdings in V2X by 5,323.3% during the third quarter. Boston Partners now owns 553,235 shares of the company’s stock valued at $32,139,000 after purchasing an additional 543,034 shares during the period. 95.18% of the stock is owned by institutional investors.
V2X Trading Up 2.2%
NYSE:VVX opened at $77.57 on Thursday. The company has a market cap of $2.43 billion, a P/E ratio of 27.80, a P/E/G ratio of 0.61 and a beta of 0.12. The stock’s fifty day moving average price is $69.43 and its two-hundred day moving average price is $64.55. V2X, Inc. has a 1 year low of $43.42 and a 1 year high of $78.36. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.25 and a quick ratio of 1.25.
Insider Activity
In related news, major shareholder American Industrial Partners C sold 2,545,432 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $68.21, for a total value of $173,623,916.72. Following the sale, the insider owned 2,004,569 shares in the company, valued at approximately $136,731,651.49. This trade represents a 55.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.99% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. The Goldman Sachs Group increased their target price on V2X from $57.00 to $63.00 and gave the stock a “sell” rating in a research report on Monday, March 2nd. BTIG Research restated a “buy” rating and set a $90.00 target price on shares of V2X in a research report on Wednesday. Weiss Ratings downgraded V2X from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 15th. Citizens Jmp increased their target price on V2X from $80.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Tuesday, May 5th. Finally, Stifel Nicolaus increased their target price on V2X from $77.50 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.80.
View Our Latest Stock Report on VVX
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.
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