V2X, Inc. (NYSE:VVX) Sees Significant Decrease in Short Interest

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

Wall Street Analyst Weigh In

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

Insider Activity

In other news, SVP Richard L. Jr. Caputo sold 2,200 shares of V2X stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $46.85, for a total value of $103,070.00. Following the sale, the senior vice president now directly owns 19,869 shares of the company's stock, valued at $930,862.65. The trade was a 9.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company's stock.

Institutional Trading of V2X

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VVX. State of Wyoming acquired a new stake in shares of V2X in the fourth quarter valued at $45,000. Whipplewood Advisors LLC boosted its holdings in V2X by 4,066.7% during the 1st quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company's stock valued at $49,000 after acquiring an additional 976 shares during the period. CWM LLC increased its stake in V2X by 239.0% during the first quarter. CWM LLC now owns 990 shares of the company's stock worth $49,000 after purchasing an additional 698 shares during the period. Summit Investment Advisors Inc. increased its stake in V2X by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after buying an additional 288 shares during the period. Finally, Wealthquest Corp purchased a new position in V2X in the first quarter valued at $97,000. Hedge funds and other institutional investors own 95.18% of the company's stock.

V2X Trading Up 0.5%

Shares of NYSE VVX traded up $0.24 during mid-day trading on Thursday, reaching $44.58. 135,090 shares of the company's stock were exchanged, compared to its average volume of 244,190. The company's 50-day moving average is $48.23 and its 200-day moving average is $50.25. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 159.22, a PEG ratio of 0.61 and a beta of 0.21. V2X has a 52-week low of $41.08 and a 52-week high of $69.75.

V2X (NYSE:VVX - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. The business 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%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share. Analysts expect that V2X will post 4.16 EPS for the current fiscal year.

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.