V2X (NYSE:VVX) Sees Large Volume Increase – Here’s What Happened

by · The Cerbat Gem

V2X, Inc. (NYSE:VVX – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 256,270 shares changed hands during mid-day trading, a decline of 9% from the previous session’s volume of 281,944 shares.The stock last traded at $54.9150 and had previously closed at $54.57.

Analysts Set New Price Targets

Several analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on V2X from $45.00 to $50.00 and gave the stock a “sell” rating in a research note on Wednesday, August 13th. 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. Royal Bank Of Canada lifted their price objective on shares of V2X from $54.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 4th. Truist Financial boosted their target price on shares of V2X from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Morgan Stanley increased their price target on shares of V2X from $51.00 to $55.00 and gave the company an “underweight” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.67.

Get Our Latest Analysis on VVX

V2X Stock Up 0.5%

The firm has a market cap of $1.73 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. The company has a 50-day simple moving average of $56.68 and a 200-day simple moving average of $52.74. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.20.

V2X (NYSE:VVX – Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.23 by $0.14. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.13 billion. V2X had a net margin of 1.63% and a return on equity of 15.28%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 EPS. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. Analysts expect that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other V2X news, major shareholder American Industrial Partners C sold 2,250,000 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $55.00, for a total transaction of $123,750,000.00. Following the sale, the insider owned 5,750,001 shares of the company’s stock, valued at approximately $316,250,055. This trade represents a 28.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dino M. Cusumano 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 value of $123,750,000.00. Following the completion of the transaction, the director owned 5,750,001 shares in the company, valued at $316,250,055. This 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 ninety days, insiders have sold 7,900,000 shares of company stock valued at $424,980,000. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On V2X

A number of institutional investors have recently added to or reduced their stakes in VVX. Comerica Bank grew its stake in V2X by 79.1% in the third quarter. Comerica Bank now owns 480 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of V2X in the 2nd quarter worth approximately $25,000. Larson Financial Group LLC raised its stake in shares of V2X by 207.3% during the 3rd quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock worth $44,000 after acquiring an additional 512 shares in the last quarter. LRI Investments LLC purchased a new stake in V2X during the third quarter valued at approximately $57,000. Finally, CWM LLC boosted its stake in V2X by 239.0% in the first quarter. CWM LLC now owns 990 shares of the company’s stock valued at $49,000 after acquiring an additional 698 shares in the last quarter. Institutional investors own 95.18% of the company’s stock.

V2X Company Profile

(Get Free Report)

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.

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