V2X (NYSE:VVX) Sets New 1-Year High – Here’s Why

Shares of V2X, Inc. (NYSE:VVX) reached a new 52-week high on Tuesday . The company traded as high as $68.51 and last traded at $67.4350, with a volume of 55766 shares trading hands. The stock had previously closed at $67.98.

Analyst Upgrades and Downgrades

VVX has been the topic of a number of recent research reports. Royal Bank Of Canada increased their target price on V2X from $54.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 4th. Morgan Stanley reiterated an “underweight” rating and set a $61.00 price target on shares of V2X in a report on Tuesday, December 16th. Zacks Research upgraded shares of V2X from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of V2X in a report on Monday, December 29th. Finally, Citigroup lifted their target price on shares of V2X from $62.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.88.

V2X Stock Performance

The stock has a market cap of $2.19 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 0.61 and a beta of 0.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.01. The business has a 50 day moving average price of $56.76 and a two-hundred day moving average price of $55.67.

V2X (NYSE:VVX) last released its quarterly earnings data on Monday, November 3rd. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.13 billion. V2X had a return on equity of 15.22% and a net margin of 1.81%.The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, sell-side analysts forecast that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Insider Buying and Selling at V2X

In other news, Director Dino M. Cusumano sold 2,250,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $55.00, for a total transaction of $123,750,000.00. Following the completion of the sale, the director directly owned 5,750,001 shares of the company’s stock, valued at approximately $316,250,055. The trade was a 28.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder American Industrial Partners C sold 1,200,000 shares of V2X stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $55.05, for a total value of $66,060,000.00. Following the sale, the insider directly owned 4,550,001 shares of the company’s stock, valued at approximately $250,477,555.05. This trade represents a 20.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 5,700,000 shares of company stock worth $313,560,000. Insiders own 0.88% of the company’s stock.

Hedge Funds Weigh In On V2X

A number of hedge funds and other institutional investors have recently modified their holdings of VVX. Wellington Management Group LLP boosted its position in V2X by 842.1% during the third quarter. Wellington Management Group LLP now owns 803,517 shares of the company’s stock valued at $46,676,000 after purchasing an additional 718,225 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of V2X by 206.8% during the third quarter. Reinhart Partners LLC. now owns 890,002 shares of the company’s stock worth $51,701,000 after acquiring an additional 599,921 shares during the last quarter. Boston Partners increased its holdings in shares of V2X by 5,323.3% during the third quarter. Boston Partners now owns 553,235 shares of the company’s stock valued at $32,139,000 after acquiring an additional 543,034 shares in the last quarter. Bank of America Corp DE raised its position in shares of V2X by 727.4% in the 3rd quarter. Bank of America Corp DE now owns 466,863 shares of the company’s stock valued at $27,120,000 after purchasing an additional 410,438 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd boosted its stake in V2X by 80.7% in the 2nd quarter. Ophir Asset Management Pty Ltd now owns 613,343 shares of the company’s stock worth $28,980,000 after purchasing an additional 273,977 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors.

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.