Bastion Asset Management Inc. Acquires Shares of 119,390 V2X, Inc. $VVX

Bastion Asset Management Inc. bought a new stake in shares of V2X, Inc. (NYSE:VVX) in the 3rd quarter, Holdings Channel reports. The fund bought 119,390 shares of the company’s stock, valued at approximately $6,809,000. V2X comprises approximately 3.9% of Bastion Asset Management Inc.’s portfolio, making the stock its 6th largest holding.

Several other institutional investors have also modified their holdings of VVX. LRI Investments LLC acquired a new position in shares of V2X in the 3rd quarter valued at approximately $57,000. CWM LLC grew its holdings in V2X by 188.9% during the 3rd quarter. CWM LLC now owns 1,037 shares of the company’s stock worth $60,000 after acquiring an additional 678 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of V2X by 140.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,068 shares of the company’s stock worth $52,000 after purchasing an additional 623 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of V2X in the 2nd quarter valued at about $73,000. Finally, Ameritas Investment Partners Inc. lifted its position in shares of V2X by 18.6% during the second quarter. Ameritas Investment Partners Inc. now owns 1,757 shares of the company’s stock worth $85,000 after purchasing an additional 275 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.

Insider Activity

In related news, major shareholder American Industrial Partners C sold 1,200,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $55.05, for a total value of $66,060,000.00. Following the sale, the insider owned 4,550,001 shares of the company’s stock, valued at $250,477,555.05. This trade represents a 20.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on VVX shares. Royal Bank Of Canada boosted their price objective on V2X from $54.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, November 4th. Morgan Stanley reiterated an “underweight” rating and issued a $61.00 target price on shares of V2X in a research report on Tuesday, December 16th. Truist Financial reissued a “hold” rating and set a $65.00 price target on shares of V2X in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of V2X in a report on Monday, December 29th. Finally, Citigroup boosted their target price on shares of V2X from $62.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.88.

V2X Trading Up 2.7%

NYSE:VVX opened at $65.46 on Monday. The firm has a market capitalization of $2.06 billion, a P/E ratio of 26.18, a P/E/G ratio of 0.59 and a beta of 0.12. The business has a 50 day simple moving average of $61.69 and a 200 day simple moving average of $58.21. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.20 and a quick ratio of 1.20. V2X, Inc. has a 12-month low of $41.08 and a 12-month high of $71.40.

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.