V2X, Inc. (NYSE:VVX) Position Lowered by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. reduced its position in shares of V2X, Inc. (NYSE:VVX) by 49.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,058 shares of the company’s stock after selling 11,717 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in V2X were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of V2X by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock valued at $31,741,000 after purchasing an additional 87,741 shares during the last quarter. Vanguard Group Inc. grew its stake in V2X by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock worth $27,476,000 after buying an additional 5,259 shares during the last quarter. Systematic Financial Management LP increased its position in V2X by 152.7% in the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock worth $13,404,000 after buying an additional 168,886 shares during the period. First Eagle Investment Management LLC lifted its stake in V2X by 1.1% in the second quarter. First Eagle Investment Management LLC now owns 181,833 shares of the company’s stock valued at $8,721,000 after buying an additional 2,067 shares during the last quarter. Finally, Peregrine Capital Management LLC acquired a new position in shares of V2X during the second quarter valued at $6,982,000. 95.18% of the stock is currently owned by institutional investors.

V2X Price Performance

NYSE VVX opened at $56.93 on Friday. V2X, Inc. has a 12-month low of $37.04 and a 12-month high of $69.75. The company has a 50 day moving average price of $59.13 and a two-hundred day moving average price of $52.58. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1.80 billion, a PE ratio of 203.30 and a beta of 0.57.

V2X (NYSE:VVX) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. V2X’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $0.73 earnings per share. As a group, equities analysts predict that V2X, Inc. will post 4.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other V2X news, CEO Jeremy C. Wensinger purchased 6,250 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $48.00 per share, with a total value of $300,000.00. Following the completion of the purchase, the chief executive officer now directly owns 6,250 shares in the company, valued at approximately $300,000. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric M. Pillmore acquired 3,125 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the director now directly owns 41,516 shares of the company’s stock, valued at $1,992,768. This trade represents a 8.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 11,936 shares of company stock valued at $572,928. Insiders own 1.10% 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.