Orion Portfolio Solutions LLC Buys New Shares in V2X, Inc. (NYSE:VVX)

Orion Portfolio Solutions LLC purchased a new position in V2X, Inc. (NYSE:VVX) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 17,724 shares of the company’s stock, valued at approximately $990,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quest Partners LLC grew its stake in shares of V2X by 112.3% in the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after buying an additional 356 shares during the period. US Bancorp DE grew its stake in V2X by 81.0% in the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after acquiring an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in V2X by 200.2% in the second 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 bought a new stake in shares of V2X during the third quarter valued at approximately $95,000. Finally, SG Americas Securities LLC bought a new position in shares of V2X in the 3rd quarter worth $199,000. 95.18% of the stock is owned by institutional investors.

Insider Activity at V2X

In other news, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the completion of the transaction, the general counsel now directly owns 10,634 shares in the company, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

V2X Stock Performance

Shares of VVX stock opened at $55.81 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 199.33 and a beta of 0.55. V2X, Inc. has a 52 week low of $37.04 and a 52 week high of $69.75. The firm’s 50-day simple moving average is $61.55 and its two-hundred day simple moving average is $54.30.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of V2X in a research report on Thursday. They issued a “sell” rating and a $54.00 price target on the stock. Baird R W upgraded V2X to a “strong-buy” rating in a research note on Friday, October 11th. Robert W. Baird assumed coverage on shares of V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $70.00 price target 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 stock a “strong-buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.57.

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.