V2X, Inc. (NYSE:VVX) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in shares of V2X, Inc. (NYSE:VVX) by 28.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,168 shares of the company’s stock after buying an additional 1,799 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in V2X were worth $392,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VVX. American Century Companies Inc. grew its position in shares of V2X by 18.9% during the second quarter. American Century Companies Inc. now owns 15,142 shares of the company’s stock worth $726,000 after acquiring an additional 2,411 shares during the last quarter. Factorial Partners LLC grew its position in V2X by 28.6% in the 2nd quarter. Factorial Partners LLC now owns 54,000 shares of the company’s stock worth $2,590,000 after purchasing an additional 12,000 shares during the last quarter. Quest Partners LLC increased its stake in shares of V2X by 112.3% in the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after purchasing an additional 356 shares during the period. Rhumbline Advisers raised its holdings in shares of V2X by 4.3% during the second quarter. Rhumbline Advisers now owns 20,991 shares of the company’s stock valued at $1,007,000 after buying an additional 863 shares during the last quarter. Finally, Peregrine Capital Management LLC acquired a new position in shares of V2X during the second quarter worth approximately $6,982,000. 95.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other V2X news, CFO Shawn Mural purchased 937 shares of the company’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, for a total transaction of $44,976.00. Following the completion of the transaction, the chief financial officer now owns 1,437 shares in the company, valued at $68,976. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other V2X news, CFO Shawn Mural bought 937 shares of V2X stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $48.00 per share, for a total transaction of $44,976.00. Following the completion of the acquisition, the chief financial officer now owns 1,437 shares of the company’s stock, valued at approximately $68,976. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO William Boyd Noon purchased 1,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $48.00 per share, for a total transaction of $48,000.00. Following the acquisition, the chief accounting officer now directly owns 10,931 shares of the company’s stock, valued at approximately $524,688. The disclosure for this purchase can be found here. Insiders bought a total of 11,936 shares of company stock worth $572,928 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Royal Bank of Canada restated an “outperform” rating and issued a $55.00 target price on shares of V2X in a research report on Wednesday, August 7th.

V2X Stock Up 0.3 %

VVX stock opened at $54.60 on Friday. The firm’s 50-day moving average is $51.09 and its two-hundred day moving average is $48.37. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -420.00 and a beta of 0.60. V2X, Inc. has a 52 week low of $37.04 and a 52 week high of $58.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15.

V2X (NYSE:VVX) last announced its earnings results on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.02 billion. V2X had a positive return on equity of 11.69% and a negative net margin of 0.30%. V2X’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS. On average, analysts forecast that V2X, Inc. will post 4.12 earnings per share for the current fiscal year.

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.