V2X, Inc. $VVX Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lowered its position in shares of V2X, Inc. (NYSE:VVX) by 33.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,595 shares of the company’s stock after selling 8,831 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.06% of V2X worth $1,245,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC raised its stake in shares of V2X by 112.9% in the second quarter. Squarepoint Ops LLC now owns 87,297 shares of the company’s stock valued at $6,509,000 after acquiring an additional 46,298 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of V2X in the 2nd quarter worth approximately $8,718,000. Allianz Asset Management GmbH bought a new stake in V2X during the 2nd quarter worth approximately $2,259,000. Coppell Advisory Solutions LLC bought a new stake in V2X during the 2nd quarter worth approximately $1,094,000. Finally, Jupiter Topco LLC bought a new stake in V2X during the 2nd quarter worth approximately $3,124,000. 95.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on VVX. Wall Street Zen downgraded V2X from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Royal Bank Of Canada raised their target price on V2X from $81.00 to $88.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 3rd. Truist Financial restated a “hold” rating and issued a $87.00 target price (up from $85.00) on shares of V2X in a research note on Tuesday, November 3rd. Stifel Nicolaus set a $102.00 price target on shares of V2X in a research report on Tuesday, August 4th. Finally, Citigroup upped their price target on shares of V2X from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 10th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, V2X currently has an average rating of “Hold” and an average target price of $89.70.

V2X Trading Down 1.1%

VVX stock traded down $0.86 during trading on Friday, hitting $80.08. The company had a trading volume of 238,748 shares, compared to its average volume of 366,585. The firm has a 50-day moving average price of $74.47 and a 200-day moving average price of $74.41. V2X, Inc. has a 12 month low of $50.89 and a 12 month high of $93.98. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 0.62 and a beta of 0.19.

V2X (NYSE:VVX) last announced its quarterly earnings data on Monday, November 2nd. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.15. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.22 billion. V2X had a return on equity of 17.88% and a net margin of 1.98%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $1.37 EPS. As a group, analysts predict that V2X, Inc. will post 6.39 earnings per share for the current year.

About V2X

V2X, Inc. provides mission-critical services and technology to the U.S. government, defense and intelligence organizations, and international customers. Its work supports military operations and other government missions in the United States and around the world. The company’s services include logistics and supply-chain management, base and facility operations, equipment maintenance, engineering, training, information technology, and cybersecurity. V2X also provides operational and technical support intended to help customers manage complex missions and infrastructure.