Insider Selling: V2X (NYSE:VVX) Director Sells 1,700,000 Shares of Stock

Key Points

• Director Dino Cusumano sold 1,700,000 shares of V2X stock at an average price of $52.20, resulting in a total sale value of $88.74 million, reducing his ownership by 17.53%.
• V2X reported a net margin of 1.63% and earnings of $1.33 per share for the last quarter, exceeding analysts' expectations.
• Brokerage ratings for V2X are generally positive, with one firm upgrading the stock to a "strong-buy" rating and a consensus price target of $63.36.

V2X, Inc. (NYSE:VVX - Get Free Report) Director Dino M. Cusumano sold 1,700,000 shares of V2X stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $52.20, for a total transaction of $88,740,000.00. Following the sale, the director owned 8,000,001 shares in the company, valued at approximately $417,600,052.20. This represents a 17.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

V2X Stock Performance

Shares of NYSE VVX traded down $4.11 during midday trading on Friday, reaching $55.10. 1,273,571 shares of the company traded hands, compared to its average volume of 352,097. V2X, Inc. has a 52 week low of $41.08 and a 52 week high of $69.75. The stock has a 50-day moving average price of $53.85 and a 200 day moving average price of $50.05. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 0.61 and a beta of 0.30.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.33. V2X had a net margin of 1.63% and a return on equity of 15.28%. The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The company's revenue was up .6% on a year-over-year basis. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. Sell-side analysts anticipate that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On V2X

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of V2X by 3.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company's stock worth $353,000 after buying an additional 266 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of V2X by 18.6% during the second quarter. Ameritas Investment Partners Inc. now owns 1,757 shares of the company's stock worth $85,000 after buying an additional 275 shares during the last quarter. BOK Financial Private Wealth Inc. lifted its holdings in shares of V2X by 7.1% during the second quarter. BOK Financial Private Wealth Inc. now owns 5,399 shares of the company's stock worth $262,000 after buying an additional 356 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of V2X by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 8,788 shares of the company's stock worth $427,000 after buying an additional 367 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of V2X during the second quarter worth approximately $25,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on VVX shares. Morgan Stanley boosted their price target on shares of V2X from $51.00 to $55.00 and gave the stock an "underweight" rating in a research report on Friday. Wall Street Zen upgraded shares of V2X from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. The Goldman Sachs Group boosted their price target on shares of V2X from $45.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 13th. Stifel Nicolaus set a $63.00 price target on shares of V2X and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Bank of America upgraded shares of V2X from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $55.00 to $65.00 in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.73.

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.