V2X, Inc. (NYSE:VVX) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in shares of V2X, Inc. (NYSE:VVX) by 119.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,727 shares of the company’s stock after buying an additional 15,110 shares during the quarter. Barclays PLC owned approximately 0.09% of V2X worth $1,550,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its holdings in V2X by 17.2% in the third quarter. FMR LLC now owns 2,997,474 shares of the company’s stock valued at $167,439,000 after buying an additional 439,852 shares during the last quarter. Zimmer Partners LP bought a new position in V2X in the third quarter worth about $14,659,000. Simcoe Capital Management LLC acquired a new position in V2X in the third quarter valued at approximately $11,604,000. Systematic Financial Management LP grew its holdings in shares of V2X by 152.7% during the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock valued at $13,404,000 after purchasing an additional 168,886 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of V2X during the 3rd quarter worth approximately $5,229,000. Institutional investors own 95.18% of the company’s stock.

V2X Price Performance

NYSE VVX opened at $46.98 on Friday. V2X, Inc. has a 12 month low of $37.04 and a 12 month high of $69.75. The firm has a market capitalization of $1.48 billion, a PE ratio of 167.79 and a beta of 0.55. The company’s 50 day simple moving average is $59.15 and its 200 day simple moving average is $54.42. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08.

V2X (NYSE:VVX) last released its earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping 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 net margin of 0.22% and a return on equity of 13.49%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. As a group, equities research analysts forecast that V2X, Inc. will post 4.14 EPS for the current fiscal year.

Analyst Ratings Changes

VVX has been the subject of a number of recent research reports. Baird R W upgraded V2X to a “strong-buy” rating in a research note on Friday, October 11th. Royal Bank of Canada restated a “sector perform” rating and set a $58.00 price target (down previously from $70.00) on shares of V2X in a research report on Thursday, December 19th. Robert W. Baird began coverage on shares of V2X in a report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of V2X in a research note on Thursday, December 12th. They set a “sell” rating and a $54.00 target price for the company. Finally, Raymond James increased their price objective on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, V2X has a consensus rating of “Moderate Buy” and an average target price of $67.86.

Insider Buying and Selling

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the completion of the sale, the general counsel now directly owns 10,634 shares of the company’s stock, valued at $653,246.62. This represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

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.