Rice Hall James & Associates LLC Sells 525 Shares of V2X, Inc. (NYSE:VVX)

Rice Hall James & Associates LLC reduced its stake in V2X, Inc. (NYSE:VVX) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,653 shares of the company’s stock after selling 525 shares during the quarter. Rice Hall James & Associates LLC’s holdings in V2X were worth $2,774,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. US Bancorp DE grew its position in shares of V2X by 81.0% during the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after purchasing an additional 460 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of V2X by 1.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock worth $1,161,000 after purchasing an additional 394 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of V2X by 22.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 16,183 shares of the company’s stock worth $904,000 after purchasing an additional 2,971 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of V2X by 38.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,320 shares of the company’s stock worth $688,000 after purchasing an additional 3,414 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of V2X during the 3rd quarter worth approximately $95,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Baird R W upgraded shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. Robert W. Baird initiated coverage on shares of V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $55.00 target price on shares of V2X in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, V2X presently has an average rating of “Buy” and an average target price of $62.20.

Insider Buying and Selling

In other news, Director Eric M. Pillmore bought 3,125 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now directly owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Shawn Mural purchased 937 shares of V2X stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $48.00 per share, for a total transaction of $44,976.00. Following the completion of the acquisition, the chief financial officer now owns 1,437 shares of the company’s stock, valued at $68,976. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eric M. Pillmore acquired 3,125 shares of V2X stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $48.00 per share, with a total value 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 approximately $1,992,768. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 11,936 shares of company stock valued at $572,928 over the last quarter. Insiders own 1.10% of the company’s stock.

V2X Stock Performance

VVX stock opened at $61.46 on Friday. The company has a fifty day moving average price of $57.09 and a 200-day moving average price of $51.40. V2X, Inc. has a 52-week low of $37.04 and a 52-week high of $65.59. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15.

V2X (NYSE:VVX) last announced its earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). V2X had a positive return on equity of 11.69% and a negative net margin of 0.30%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business earned $1.01 EPS. V2X’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts forecast that V2X, Inc. will post 4.11 EPS for the current year.

V2X Company 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.