Dino Cusumano Sells 1,700,000 Shares of V2X (NYSE:VVX) 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 Cusumano sold 1,700,000 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $52.20, for a total value of $88,740,000.00. Following the sale, the director directly owned 8,000,001 shares of the company's stock, valued at $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 SEC, which is available at the SEC website.

V2X Stock Up 0.7%

V2X stock traded up $0.39 during trading hours on Monday, hitting $54.47. 416,659 shares of the stock traded hands, compared to its average volume of 329,838. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75. The company has a market cap of $1.73 billion, a PE ratio of 10.97, a PEG ratio of 0.55 and a beta of 0.30. The firm's 50-day moving average price is $53.23 and its two-hundred day moving average price is $49.80. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.02.

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

Hedge Funds Weigh In On V2X

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its position in shares of V2X by 140.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,068 shares of the company's stock valued at $52,000 after buying an additional 623 shares during the period. Orion Porfolio Solutions LLC grew its position in shares of V2X by 50.5% in the second quarter. Orion Porfolio Solutions LLC now owns 25,368 shares of the company's stock valued at $1,232,000 after purchasing an additional 8,514 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in V2X by 36.1% during the second quarter. CANADA LIFE ASSURANCE Co now owns 20,119 shares of the company's stock worth $979,000 after purchasing an additional 5,336 shares during the period. Tower Research Capital LLC TRC grew its holdings in V2X by 336.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,590 shares of the company's stock worth $126,000 after acquiring an additional 1,996 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new position in shares of V2X in the 2nd quarter valued at about $267,000. Hedge funds and other institutional investors own 95.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VVX. Wall Street Zen raised shares of V2X from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Stifel Nicolaus set a $63.00 price target on V2X and gave the company a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group upped their price target on V2X from $45.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 13th. Finally, Bank of America raised V2X from a "neutral" rating to a "buy" rating and raised their price target for the company from $55.00 to $65.00 in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, V2X has a consensus rating of "Moderate Buy" and an average price target of $63.36.

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.

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