Jupiter Topco LLC bought a new stake in V2X, Inc. (NYSE:VVX – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 41,900 shares of the company’s stock, valued at approximately $3,124,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VVX. Canada Pension Plan Investment Board raised its stake in V2X by 119.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 22,200 shares of the company’s stock worth $1,655,000 after buying an additional 12,100 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in V2X by 16.5% in the second quarter. The Manufacturers Life Insurance Company now owns 14,341 shares of the company’s stock worth $1,069,000 after acquiring an additional 2,035 shares in the last quarter. Jones Financial Companies Lllp grew its stake in V2X by 434.8% in the second quarter. Jones Financial Companies Lllp now owns 3,214 shares of the company’s stock valued at $233,000 after acquiring an additional 2,613 shares during the period. Allstate Corp acquired a new stake in V2X in the second quarter valued at approximately $1,270,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of V2X during the second quarter valued at approximately $1,315,000. 95.18% of the stock is owned by institutional investors.
V2X Price Performance
VVX stock opened at $74.81 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.32 and a current ratio of 1.32. The business has a 50-day simple moving average of $79.04 and a two-hundred day simple moving average of $75.01. The company has a market capitalization of $2.34 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 0.60 and a beta of 0.17. V2X, Inc. has a 52-week low of $50.89 and a 52-week high of $93.98.
Wall Street Analyst Weigh In
VVX has been the topic of a number of research reports. Zacks Research lowered V2X from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Morgan Stanley lifted their price target on shares of V2X from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Truist Financial restated a “hold” rating and set a $85.00 price target (up from $70.00) on shares of V2X in a research note on Tuesday, August 4th. Stifel Nicolaus set a $102.00 price objective on shares of V2X in a report on Tuesday, August 4th. Finally, Citigroup restated a “market outperform” rating on shares of V2X in a report on Tuesday, July 28th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $86.90.
Check Out Our Latest Stock Analysis on V2X
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.
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