Goldman Sachs Group Inc. Purchases 156,866 Shares of V2X, Inc. (NYSE:VVX)

Goldman Sachs Group Inc. raised its position in V2X, Inc. (NYSE:VVX) by 74.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 366,282 shares of the company’s stock after buying an additional 156,866 shares during the quarter. Goldman Sachs Group Inc. owned about 1.17% of V2X worth $17,010,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. First Eagle Investment Management LLC grew its position in V2X by 15.4% in the fourth quarter. First Eagle Investment Management LLC now owns 202,066 shares of the company’s stock valued at $9,384,000 after acquiring an additional 26,937 shares during the last quarter. Moneta Group Investment Advisors LLC bought a new position in V2X in the 3rd quarter valued at approximately $4,048,000. Assenagon Asset Management S.A. bought a new position in V2X in the 4th quarter valued at approximately $836,000. Vanguard Group Inc. boosted its position in V2X by 1.7% in the third quarter. Vanguard Group Inc. now owns 566,846 shares of the company’s stock valued at $29,283,000 after buying an additional 9,308 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of V2X by 22.6% during the fourth quarter. Raymond James & Associates now owns 16,115 shares of the company’s stock worth $748,000 after buying an additional 2,974 shares during the last quarter. 95.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VVX has been the topic of several recent research reports. JMP Securities reissued a “market outperform” rating and set a $65.00 price objective on shares of V2X in a report on Friday, May 17th. Stifel Nicolaus lifted their target price on shares of V2X from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada upped their price target on shares of V2X from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th.

V2X Stock Performance

Shares of VVX stock opened at $47.47 on Friday. The stock has a market capitalization of $1.49 billion, a PE ratio of -365.15 and a beta of 0.63. The business’s 50 day simple moving average is $47.75 and its 200 day simple moving average is $44.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.12 and a quick ratio of 1.12. V2X, Inc. has a one year low of $37.04 and a one year high of $56.75.

V2X (NYSE:VVX) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.15. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $973.17 million. V2X had a negative net margin of 0.10% and a positive return on equity of 12.25%. V2X’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 earnings per share. As a group, research analysts forecast that V2X, Inc. will post 4.09 earnings per share for the current year.

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.