New York Life Investment Management LLC Acquires Shares of 12,085 V2X, Inc. (NYSE:VVX)

New York Life Investment Management LLC acquired a new stake in shares of V2X, Inc. (NYSE:VVX – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,085 shares of the company’s stock, valued at approximately $480,000.

Several other institutional investors have also added to or reduced their stakes in VVX. Dimensional Fund Advisors LP acquired a new position in shares of V2X during the fourth quarter worth $28,115,000. Russell Investments Group Ltd. acquired a new position in shares of V2X during the fourth quarter worth $16,154,000. Ancora Advisors LLC acquired a new position in shares of V2X during the fourth quarter worth $15,080,000. LSV Asset Management acquired a new position in shares of V2X during the fourth quarter worth $13,343,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of V2X during the fourth quarter worth $10,809,000. 95.20% of the stock is currently owned by institutional investors and hedge funds.

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V2X Price Performance

NYSE VVX opened at $51.58 on Wednesday. V2X, Inc. has a twelve month low of $31.72 and a twelve month high of $56.75. The stock has a fifty day simple moving average of $49.35 and a 200 day simple moving average of $44.96. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10.

V2X (NYSE:VVX – Get Free Report) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.35. The business had revenue of $977.85 million during the quarter, compared to the consensus estimate of $898.53 million. V2X had a positive return on equity of 12.75% and a negative net margin of 1.12%. V2X’s quarterly revenue was up 96.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 earnings per share. As a group, analysts predict that V2X, Inc. will post 4.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VVX shares. Royal Bank of Canada upped their price target on shares of V2X from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Raymond James increased their price objective on V2X from $60.00 to $65.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 9th.

Read Our Latest Report on V2X

V2X Profile

(Free Report)

V2X, Inc provides critical mission solutions and support services to defense clients in the United States and internationally. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, and civilian clients.

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