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

Simcoe Capital Management LLC acquired a new stake in shares of V2X, Inc. (NYSE:VVX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 207,736 shares of the company’s stock, valued at approximately $11,604,000. V2X accounts for about 1.5% of Simcoe Capital Management LLC’s portfolio, making the stock its 14th largest holding. Simcoe Capital Management LLC owned about 0.66% of V2X as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Quest Partners LLC grew its position in shares of V2X by 112.3% during the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after acquiring an additional 356 shares during the period. 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 valued at $57,000 after acquiring an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of V2X by 200.2% during the 2nd 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 3rd quarter valued at $95,000. Finally, SG Americas Securities LLC bought a new stake in shares of V2X during the 3rd quarter valued at $199,000. Institutional investors own 95.18% of the company’s stock.

V2X Stock Down 0.1 %

Shares of VVX stock opened at $60.25 on Monday. The stock has a market cap of $1.90 billion, a P/E ratio of 215.18 and a beta of 0.57. V2X, Inc. has a 52 week low of $37.04 and a 52 week high of $69.75. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The company’s fifty day simple moving average is $60.98 and its two-hundred day simple moving average is $53.34.

V2X (NYSE:VVX) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.07 by $0.22. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. Analysts predict that V2X, Inc. will post 4.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on VVX. Raymond James lifted their target price on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research note on Tuesday, November 5th. JMP Securities lifted their target price on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research note on Tuesday, November 5th. Robert W. Baird began coverage on shares of V2X in a research note on Friday, October 11th. They set an “outperform” rating and a $75.00 target price on the stock. BTIG Research began coverage on shares of V2X in a research note on Monday, November 25th. They set a “buy” rating and a $80.00 target price on the stock. Finally, Baird R W upgraded shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $72.17.

Insider Activity

In other V2X news, Director Eric M. Pillmore bought 3,125 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the transaction, the director now owns 41,516 shares of the company’s stock, valued at $1,992,768. This represents a 8.14 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeremy C. Wensinger bought 6,250 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $48.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,250 shares in the company, valued at approximately $300,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 11,936 shares of company stock worth $572,928. 1.10% of the stock is currently owned by corporate insiders.

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.