Simcoe Capital Management LLC Increases Position in V2X, Inc. (NYSE:VVX)

Simcoe Capital Management LLC lifted its stake in shares of V2X, Inc. (NYSE:VVX) by 252.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 732,940 shares of the company’s stock after buying an additional 525,204 shares during the quarter. V2X comprises 5.2% of Simcoe Capital Management LLC’s portfolio, making the stock its 10th largest position. Simcoe Capital Management LLC owned approximately 2.32% of V2X worth $35,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new stake in V2X during the 4th quarter valued at approximately $818,000. Man Group plc purchased a new stake in V2X in the fourth quarter worth $273,000. Nuveen Asset Management LLC raised its holdings in V2X by 42.9% in the fourth quarter. Nuveen Asset Management LLC now owns 187,553 shares of the company’s stock worth $8,971,000 after purchasing an additional 56,349 shares in the last quarter. Millennium Management LLC lifted its position in V2X by 29.8% during the fourth quarter. Millennium Management LLC now owns 33,459 shares of the company’s stock valued at $1,600,000 after buying an additional 7,682 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of V2X by 19.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,041 shares of the company’s stock valued at $385,000 after buying an additional 1,288 shares in the last quarter. 95.18% of the stock is owned by institutional investors.

V2X Stock Up 1.0%

VVX stock opened at $52.37 on Friday. The stock has a market capitalization of $1.66 billion, a P/E ratio of 187.04, a P/E/G ratio of 0.61 and a beta of 0.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. V2X, Inc. has a 1-year low of $41.08 and a 1-year high of $69.75. The business has a fifty day moving average price of $49.33 and a 200-day moving average price of $51.92.

V2X (NYSE:VVX) last released its quarterly earnings data on Monday, May 5th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.92 by $0.06. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. V2X’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the company earned $0.90 EPS. Equities analysts forecast that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on VVX. Truist Financial decreased their price target on shares of V2X from $68.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, April 14th. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 target price on shares of V2X in a research note on Friday, January 17th. Morgan Stanley assumed coverage on V2X in a research report on Wednesday, April 16th. They issued an “underweight” rating and a $51.00 price target on the stock. Raymond James reduced their price objective on V2X from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada dropped their target price on V2X from $58.00 to $54.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $63.67.

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.