SG Americas Securities LLC Makes New $199,000 Investment in V2X, Inc. (NYSE:VVX)

SG Americas Securities LLC purchased a new position in shares of V2X, Inc. (NYSE:VVX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,564 shares of the company’s stock, valued at approximately $199,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in shares of V2X by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock worth $31,741,000 after purchasing an additional 87,741 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of V2X by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock worth $27,476,000 after purchasing an additional 5,259 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of V2X by 74.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 366,282 shares of the company’s stock worth $17,010,000 after purchasing an additional 156,866 shares during the last quarter. Systematic Financial Management LP increased its stake in shares of V2X by 152.7% during the 2nd quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock worth $13,404,000 after purchasing an additional 168,886 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of V2X by 1.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 181,833 shares of the company’s stock worth $8,721,000 after purchasing an additional 2,067 shares during the last quarter. 95.18% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other V2X news, Director Eric M. Pillmore bought 3,125 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the transaction, the director now directly owns 41,516 shares in the company, valued at approximately $1,992,768. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO William Boyd Noon purchased 1,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $48.00 per share, with a total value of $48,000.00. Following the acquisition, the chief accounting officer now owns 10,931 shares in the company, valued at approximately $524,688. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Eric M. Pillmore purchased 3,125 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, with a total value of $150,000.00. Following the acquisition, the director now owns 41,516 shares in the company, valued at $1,992,768. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,936 shares of company stock worth $572,928 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

V2X Stock Down 0.4 %

Shares of VVX opened at $62.78 on Wednesday. The firm’s 50-day simple moving average is $55.28 and its 200 day simple moving average is $50.64. V2X, Inc. has a 52 week low of $37.04 and a 52 week high of $65.59. The firm has a market cap of $1.97 billion, a P/E ratio of -482.92 and a beta of 0.60. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10.

V2X (NYSE:VVX) last announced its earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). V2X had a positive return on equity of 11.69% and a negative net margin of 0.30%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company earned $1.01 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts forecast that V2X, Inc. will post 4.11 earnings per share for the current year.

Wall Street Analyst Weigh In

VVX has been the topic of several recent analyst reports. Baird R W upgraded shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $55.00 price target on shares of V2X in a research note on Wednesday, August 7th. Finally, Robert W. Baird initiated coverage on shares of V2X in a research note 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 hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $62.20.

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.