William Blair Investment Management LLC acquired a new position in V2X, Inc. (NYSE:VVX – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 470,846 shares of the company’s stock, valued at approximately $25,685,000. William Blair Investment Management LLC owned 1.49% of V2X as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the business. Bastion Asset Management Inc. grew its position in V2X by 25.4% in the fourth quarter. Bastion Asset Management Inc. now owns 149,670 shares of the company’s stock worth $8,225,000 after acquiring an additional 30,280 shares during the period. PNC Financial Services Group Inc. lifted its stake in V2X by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,986 shares of the company’s stock worth $217,000 after purchasing an additional 165 shares in the last quarter. ProShare Advisors LLC acquired a new position in V2X during the fourth quarter worth $230,000. HighTower Advisors LLC acquired a new position in V2X during the fourth quarter worth $648,000. Finally, Abacus Wealth Partners LLC acquired a new position in V2X during the fourth quarter worth $229,000. 95.18% of the stock is currently owned by hedge funds and other institutional investors.
V2X Trading Down 0.8%
NYSE:VVX opened at $73.40 on Tuesday. The firm has a market cap of $2.30 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 0.60 and a beta of 0.12. The stock has a fifty day moving average price of $69.03 and a 200 day moving average price of $64.27. V2X, Inc. has a 12-month low of $43.42 and a 12-month high of $78.36. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.96.
Wall Street Analysts Forecast Growth
VVX has been the topic of a number of research reports. Truist Financial upped their price target on V2X from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada upped their price target on V2X from $70.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 5th. BTIG Research reiterated a “buy” rating and set a $90.00 price target on shares of V2X in a research note on Tuesday, May 5th. Robert W. Baird set a $94.00 price target on shares of V2X in a research note on Tuesday, February 24th. Finally, Weiss Ratings cut shares of V2X from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.80.
Get Our Latest Research Report on V2X
Insider Activity
In other news, major shareholder American Industrial Partners C sold 2,545,432 shares of V2X stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $68.21, for a total value of $173,623,916.72. Following the completion of the transaction, the insider owned 2,004,569 shares in the company, valued at approximately $136,731,651.49. This trade represents a 55.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.99% of the company’s stock.
V2X 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.
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