V2X (NYSE:VVX) Shares Gap Down – Time to Sell?

by · The Markets Daily

V2X, Inc. (NYSE:VVX – Get Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $54.70, but opened at $53.01. V2X shares last traded at $53.2550, with a volume of 19,554 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VVX. Morgan Stanley restated an “underweight” rating and set a $61.00 price target on shares of V2X in a research note on Tuesday. Truist Financial increased their price objective on V2X from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of V2X in a research report on Monday. Wall Street Zen raised V2X from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 30th. Finally, Stifel Nicolaus upped their price objective on shares of V2X from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $63.11.

Read Our Latest Research Report on V2X

V2X Stock Up 0.5%

The stock has a market cap of $1.69 billion, a P/E ratio of 21.40, a P/E/G ratio of 0.55 and a beta of 0.12. 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 company has a 50-day simple moving average of $56.00 and a two-hundred day simple moving average of $53.47.

V2X (NYSE:VVX – Get Free Report) last posted its earnings results on Monday, November 3rd. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.13 billion. V2X had a net margin of 1.81% and a return on equity of 15.22%. 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 business posted $1.29 earnings per share. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, equities analysts forecast that V2X, Inc. will post 4.16 EPS for the current year.

Insider Activity at V2X

In other news, Director Dino M. Cusumano sold 2,250,000 shares of the company’s 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 transaction, the director directly owned 5,750,001 shares of the company’s stock, valued at $316,250,055. This represents a 28.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder American Industrial Partners C sold 2,250,000 shares of the 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 sale, the insider directly owned 5,750,001 shares in the company, valued at $316,250,055. This trade represents a 28.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,700,000 shares of company stock worth $313,560,000 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On V2X

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in V2X by 21.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 172,685 shares of the company’s stock worth $8,470,000 after acquiring an additional 30,800 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of V2X by 2.8% in the first quarter. Vanguard Group Inc. now owns 923,334 shares of the company’s stock worth $45,290,000 after purchasing an additional 25,222 shares during the period. Jump Financial LLC increased its stake in shares of V2X by 29.6% in the first quarter. Jump Financial LLC now owns 22,516 shares of the company’s stock worth $1,104,000 after purchasing an additional 5,146 shares in the last quarter. Invesco Ltd. raised its position in shares of V2X by 2.4% during the 1st quarter. Invesco Ltd. now owns 231,744 shares of the company’s stock valued at $11,367,000 after purchasing an additional 5,439 shares during the period. Finally, Swiss National Bank raised its position in shares of V2X by 21.3% during the 1st quarter. Swiss National Bank now owns 33,600 shares of the company’s stock valued at $1,648,000 after purchasing an additional 5,900 shares during the period. Hedge funds and other 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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