Insider Selling: V2X, Inc. (NYSE:VVX) SVP Sells 2,200 Shares of Stock

V2X, Inc. (NYSE:VVX) SVP Richard L. Jr. Caputo sold 2,200 shares of V2X stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $46.85, for a total value of $103,070.00. Following the completion of the transaction, the senior vice president now owns 19,869 shares of the company’s stock, valued at approximately $930,862.65. The trade was a 9.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

V2X Price Performance

Shares of VVX stock traded up $1.88 on Tuesday, reaching $47.30. The company had a trading volume of 285,107 shares, compared to its average volume of 200,383. The business’s 50-day moving average is $48.98 and its 200 day moving average is $50.93. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75. The stock has a market capitalization of $1.50 billion, a PE ratio of 168.93, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.

V2X (NYSE:VVX) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.06. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. V2X’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 earnings per share. Equities research analysts forecast that V2X, Inc. will post 4.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VVX shares. Raymond James dropped their price target on V2X from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Morgan Stanley assumed coverage on shares of V2X in a report on Wednesday, April 16th. They issued an “underweight” rating and a $51.00 price objective for the company. Royal Bank of Canada decreased their price target on shares of V2X from $58.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Finally, Truist Financial cut their price objective on shares of V2X from $68.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.67.

Institutional Trading of V2X

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its position in V2X by 23.8% during the fourth quarter. FMR LLC now owns 3,712,196 shares of the company’s stock valued at $177,554,000 after purchasing an additional 714,722 shares during the last quarter. Simcoe Capital Management LLC raised its holdings in V2X by 252.8% during the 4th quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company’s stock valued at $35,057,000 after buying an additional 525,204 shares during the last quarter. Nuveen LLC bought a new stake in V2X during the 1st quarter valued at $19,753,000. Victory Capital Management Inc. purchased a new position in V2X during the 4th quarter valued at $13,947,000. Finally, Bridgeway Capital Management LLC purchased a new position in V2X during the 1st quarter valued at $11,036,000. 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.