V2X, Inc. (NYSE:VVX) Given Average Rating of “Hold” by Analysts

Shares of V2X, Inc. (NYSE:VVX) have been assigned an average rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $61.8750.

Several brokerages recently commented on VVX. Citigroup raised their price objective on V2X from $62.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Weiss Ratings restated a “hold (c+)” rating on shares of V2X in a research note on Monday, December 29th. Stifel Nicolaus upped their price target on shares of V2X from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Truist Financial reissued a “hold” rating and set a $65.00 target price on shares of V2X in a report on Wednesday, January 14th. Finally, Royal Bank Of Canada lifted their target price on V2X from $54.00 to $60.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 4th.

V2X Price Performance

Shares of VVX stock opened at $66.49 on Friday. V2X has a one year low of $41.08 and a one year high of $71.40. The stock’s fifty day simple moving average is $59.96 and its 200 day simple moving average is $57.20. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 0.59 and a beta of 0.13.

V2X (NYSE:VVX) last released its quarterly earnings results on Monday, November 3rd. The company reported $1.37 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 analyst estimates of $1.13 billion. V2X had a return on equity of 15.22% and a net margin of 1.81%.V2X’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 EPS. On average, analysts expect that V2X will post 4.16 earnings per share for the current fiscal year.

Insider Activity at V2X

In related news, major shareholder American Industrial Partners C sold 2,250,000 shares of V2X 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 transaction, the insider owned 5,750,001 shares of the company’s stock, valued at $316,250,055. This trade represents a 28.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dino M. Cusumano sold 2,250,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $55.00, for a total value of $123,750,000.00. Following the completion of the transaction, the director directly owned 5,750,001 shares in the company, valued at approximately $316,250,055. This trade represents a 28.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 5,700,000 shares of company stock valued at $313,560,000. Corporate insiders own 0.88% of the company’s stock.

Hedge Funds Weigh In On V2X

A number of large investors have recently modified their holdings of VVX. Ethic Inc. boosted its stake in V2X by 7.5% during the 4th quarter. Ethic Inc. now owns 19,323 shares of the company’s stock valued at $1,054,000 after purchasing an additional 1,348 shares during the last quarter. Danske Bank A S purchased a new position in shares of V2X in the fourth quarter valued at $100,000. Oppenheimer Asset Management Inc. boosted its position in shares of V2X by 35.3% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 15,010 shares of the company’s stock valued at $819,000 after acquiring an additional 3,920 shares during the period. New York State Teachers Retirement System grew its position in V2X by 16.6% during the fourth quarter. New York State Teachers Retirement System now owns 1,762 shares of the company’s stock worth $96,000 after buying an additional 251 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its stake in V2X by 3.9% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 7,389 shares of the company’s stock worth $403,000 after buying an additional 276 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors.

V2X Company 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.