Insider Selling: V2X, Inc. (NYSE:VVX) Director Sells 2,000,000 Shares of Stock

Key Points

• V2X, Inc. Director Dino M. Cusumano sold 2,000,000 shares of stock at an average price of $50.00, totaling $100 million, reducing his ownership by 17.09%.
• V2X stock rose 10.1% to $60.05 following the sale, with a market capitalization of $1.90 billion and a PE ratio of 27.30.
• The company's recent earnings report showed $1.33 earnings per share (EPS) against a consensus estimate of $1.00, with a revenue of $1.08 billion for the quarter.

V2X, Inc. (NYSE:VVX - Get Free Report) Director Dino M. Cusumano sold 2,000,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $50.00, for a total transaction of $100,000,000.00. Following the sale, the director owned 9,700,001 shares of the company's stock, valued at approximately $485,000,050. The trade was a 17.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

V2X Stock Up 0.7%

Shares of NYSE VVX traded up $0.43 during mid-day trading on Monday, reaching $61.98. The company had a trading volume of 105,864 shares, compared to its average volume of 262,941. The stock has a fifty day moving average of $48.93 and a two-hundred day moving average of $48.41. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 0.63 and a beta of 0.27. V2X, Inc. has a 12-month low of $41.08 and a 12-month high of $69.75.

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

Hedge Funds Weigh In On V2X

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VVX. Ameritas Advisory Services LLC bought a new position in V2X during the second quarter valued at approximately $25,000. State of Wyoming acquired a new position in V2X during the fourth quarter valued at approximately $45,000. Whipplewood Advisors LLC grew its holdings in V2X by 4,066.7% during the first quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock valued at $49,000 after purchasing an additional 976 shares during the last quarter. CWM LLC grew its holdings in V2X by 239.0% during the first quarter. CWM LLC now owns 990 shares of the company's stock valued at $49,000 after purchasing an additional 698 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock valued at $71,000 after purchasing an additional 288 shares during the last quarter. Institutional investors own 95.18% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on VVX shares. Stifel Nicolaus set a $63.00 target price on shares of 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 shares of V2X from $45.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of V2X from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Bank of America upgraded shares of V2X from a "neutral" rating to a "buy" rating and upped their price target for the stock from $55.00 to $65.00 in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.