William Blair Investment Management LLC decreased its stake in shares of V2X, Inc. (NYSE:VVX – Free Report) by 50.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 240,495 shares of the company’s stock after selling 245,985 shares during the quarter. William Blair Investment Management LLC’s holdings in V2X were worth $17,931,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in VVX. Comerica Bank raised its position in shares of V2X by 79.1% during the third quarter. Comerica Bank now owns 480 shares of the company’s stock valued at $28,000 after buying an additional 212 shares during the last quarter. Fifth Third Bancorp acquired a new stake in V2X during the first quarter worth about $46,000. Larson Financial Group LLC increased its stake in V2X by 207.3% during the third quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock valued at $44,000 after acquiring an additional 512 shares during the period. Allworth Financial LP increased its stake in V2X by 44.6% during the second quarter. Allworth Financial LP now owns 765 shares of the company’s stock valued at $57,000 after acquiring an additional 236 shares during the period. Finally, KBC Group NV acquired a new position in V2X in the 1st quarter valued at approximately $64,000. Institutional investors and hedge funds own 95.18% of the company’s stock.
V2X Price Performance
Shares of V2X stock opened at $78.68 on Friday. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 0.61 and a beta of 0.21. The firm’s 50-day moving average price is $80.22 and its two-hundred day moving average price is $74.33. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.92. V2X, Inc. has a 1-year low of $50.89 and a 1-year high of $93.98.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on VVX. Citizens Jmp lifted their price objective on V2X from $90.00 to $102.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 28th. BTIG Research reaffirmed a “buy” rating and issued a $90.00 target price on shares of V2X in a research report on Wednesday, May 27th. Royal Bank Of Canada lifted their price target on shares of V2X from $70.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 5th. Stifel Nicolaus set a $102.00 target price on shares of V2X in a research note on Tuesday, August 4th. Finally, Wall Street Zen cut shares of V2X from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $86.90.
Read Our Latest Analysis on V2X
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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