US Bancorp DE Increases Stock Holdings in V2X, Inc. (NYSE:VVX)

US Bancorp DE boosted its stake in V2X, Inc. (NYSE:VVX) by 81.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,028 shares of the company’s stock after buying an additional 460 shares during the quarter. US Bancorp DE’s holdings in V2X were worth $57,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quest Partners LLC increased its holdings in V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after buying an additional 356 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of V2X by 200.2% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock valued at $60,000 after acquiring an additional 839 shares during the period. nVerses Capital LLC purchased a new stake in shares of V2X during the 3rd quarter worth approximately $95,000. SG Americas Securities LLC bought a new stake in shares of V2X in the 3rd quarter worth approximately $199,000. Finally, Hsbc Holdings PLC purchased a new position in V2X in the second quarter valued at approximately $212,000. 95.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling at V2X

In other V2X news, CAO William Boyd Noon bought 1,000 shares of V2X stock in a transaction that occurred on Friday, September 6th. The shares were 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. This trade represents a 10.07 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric M. Pillmore bought 3,125 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $48.00 per share, with a total value of $150,000.00. Following the purchase, the director now owns 41,516 shares in the company, valued at $1,992,768. The trade was a 8.14 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 11,936 shares of company stock worth $572,928 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

V2X Price Performance

Shares of NYSE:VVX opened at $56.96 on Monday. The company has a 50 day moving average of $59.13 and a 200 day moving average of $52.63. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The stock has a market cap of $1.80 billion, a P/E ratio of 203.44 and a beta of 0.57. V2X, Inc. has a 12 month low of $37.04 and a 12 month high of $69.75.

V2X (NYSE:VVX) last announced its earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm posted $0.73 earnings per share. V2X’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that V2X, Inc. will post 4.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.