Short Interest in V2X, Inc. (NYSE:VVX) Declines By 15.9%

V2X, Inc. (NYSE:VVX - Get Free Report) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 1,110,000 shares, a decrease of 15.9% from the April 30th total of 1,320,000 shares. Currently, 5.9% of the company's stock are sold short. Based on an average daily trading volume, of 270,500 shares, the short-interest ratio is presently 4.1 days.

Insider Activity at V2X

In related news, SVP Richard L. Jr. Caputo sold 2,200 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $46.85, for a total transaction of $103,070.00. Following the transaction, the senior vice president now directly owns 19,869 shares of the company's stock, valued at $930,862.65. This represents a 9.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On V2X

A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its position in 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 purchasing an additional 266 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after purchasing an additional 288 shares in the last quarter. Corebridge Financial Inc. boosted its position in V2X by 7.1% during the fourth quarter. Corebridge Financial Inc. now owns 7,044 shares of the company's stock worth $337,000 after purchasing an additional 470 shares in the last quarter. LPL Financial LLC boosted its position in V2X by 11.0% during the fourth quarter. LPL Financial LLC now owns 5,112 shares of the company's stock worth $245,000 after purchasing an additional 508 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its position in shares of V2X by 15.3% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock valued at $201,000 after acquiring an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 95.18% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on VVX shares. Royal Bank of Canada cut their price objective on V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Morgan Stanley started coverage on V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price objective on the stock. Truist Financial cut their price objective on V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Raymond James cut their price objective on V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, V2X currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.67.

V2X Stock Performance

V2X stock traded up $0.50 during midday trading on Friday, hitting $44.99. 137,771 shares of the company were exchanged, compared to its average volume of 205,191. The firm has a market capitalization of $1.43 billion, a PE ratio of 160.68, a price-to-earnings-growth ratio of 0.61 and a beta of 0.21. V2X has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The business has a fifty day simple moving average of $48.07 and a two-hundred day simple moving average of $50.06. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.04 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. V2X's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 earnings per share. On average, sell-side analysts forecast that V2X will post 4.16 earnings per share for the current year.

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.