Barclays PLC Acquires 15,110 Shares of V2X, Inc. (NYSE:VVX)

Barclays PLC grew its holdings in V2X, Inc. (NYSE:VVX) by 119.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 27,727 shares of the company’s stock after purchasing an additional 15,110 shares during the quarter. Barclays PLC’s holdings in V2X were worth $1,550,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VVX. Quest Partners LLC increased its holdings in shares of V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after acquiring an additional 356 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in V2X by 1.9% during the third quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock worth $1,161,000 after purchasing an additional 394 shares during the period. US Bancorp DE grew its holdings in V2X by 81.0% during the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after purchasing an additional 460 shares during the last quarter. Lakewood Asset Management LLC raised its position in shares of V2X by 8.1% in the third quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock valued at $345,000 after purchasing an additional 462 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of V2X by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock worth $347,000 after buying an additional 468 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.

V2X Stock Performance

Shares of NYSE VVX opened at $46.98 on Friday. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 167.79 and a beta of 0.55. V2X, Inc. has a one year low of $37.04 and a one year high of $69.75. The business has a fifty day simple moving average of $59.15 and a 200 day simple moving average of $54.42. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09.

V2X (NYSE:VVX) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company posted $0.73 EPS. The business’s revenue was up 8.0% on a year-over-year basis. Sell-side analysts expect that V2X, Inc. will post 4.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VVX shares. JMP Securities raised their target price on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 5th. BTIG Research assumed coverage on V2X in a research report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target on the stock. The Goldman Sachs Group began coverage on V2X in a research report on Thursday, December 12th. They set a “sell” rating and a $54.00 price objective for the company. Baird R W upgraded V2X to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Robert W. Baird began coverage on V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.86.

Insider Buying and Selling at V2X

In related news, General Counsel Jeremy John Nance sold 2,500 shares of the 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 sale, the general counsel now owns 10,634 shares in the company, valued at $653,246.62. This trade represents a 19.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

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.