Oppenheimer Asset Management Inc. Reduces Position in V2X, Inc. (NYSE:VVX)

Oppenheimer Asset Management Inc. trimmed its stake in V2X, Inc. (NYSE:VVX) by 23.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,263 shares of the company’s stock after selling 1,905 shares during the period. Oppenheimer Asset Management Inc.’s holdings in V2X were worth $350,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Quest Partners LLC lifted its stake in shares of V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after buying an additional 356 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of V2X by 1.9% in the third quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock valued at $1,161,000 after acquiring an additional 394 shares in the last quarter. US Bancorp DE boosted its stake in shares of V2X by 81.0% in the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after acquiring an additional 460 shares during the period. Lakewood Asset Management LLC grew its position in shares of V2X by 8.1% during the third quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock worth $345,000 after purchasing an additional 462 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in V2X by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock valued at $347,000 after purchasing an additional 468 shares during the period. 95.18% of the stock is owned by institutional investors.

Insider Buying and Selling

In other V2X news, Director Eric M. Pillmore purchased 3,125 shares of V2X stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the director now owns 41,516 shares in the company, valued at $1,992,768. This represents a 8.14 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO William Boyd Noon acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired 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 $524,688. This trade represents a 10.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 11,936 shares of company stock worth $572,928 over the last three months. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Raymond James increased their price objective on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. Baird R W upgraded shares of V2X to a “strong-buy” rating in a report on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price target on shares of V2X in a research note on Tuesday, November 5th. JMP Securities raised their price objective on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird started coverage on V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, V2X has a consensus rating of “Buy” and a consensus price target of $70.60.

V2X Stock Performance

V2X stock opened at $61.82 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X, Inc. has a twelve month low of $37.04 and a twelve month high of $69.75. The company’s 50-day moving average price is $59.80 and its 200-day moving average price is $52.79. The company has a market cap of $1.95 billion, a PE ratio of 220.79 and a beta of 0.57.

V2X (NYSE:VVX) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 earnings per share. On average, equities research analysts forecast that V2X, Inc. will post 4.14 EPS 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.