V2X, Inc. (NYSE:VVX) Short Interest Update

V2X, Inc. (NYSE:VVX - Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 812,800 shares, a decrease of 26.8% from the May 15th total of 1,110,000 shares. Currently, 4.3% of the shares of the company are short sold. Based on an average daily volume of 248,700 shares, the days-to-cover ratio is presently 3.3 days.

V2X Price Performance

Shares of NYSE VVX traded down $0.16 during midday trading on Friday, reaching $44.80. 533,827 shares of the stock traded hands, compared to its average volume of 210,058. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $1.42 billion, a PE ratio of 34.73, a P/E/G ratio of 0.50 and a beta of 0.21. V2X has a one year low of $41.08 and a one year high of $69.75. The company's 50 day moving average is $47.45 and its 200 day moving average is $48.90.

V2X (NYSE:VVX - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. V2X had a return on equity of 13.97% and a net margin of 0.96%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. On average, equities research analysts anticipate that V2X will post 4.16 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, SVP Richard L. Jr. Caputo sold 4,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $44.43, for a total value of $177,720.00. Following the completion of the sale, the senior vice president now directly owns 15,869 shares of the company's stock, valued at approximately $705,059.67. This represents a 20.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

Institutional Trading of V2X

A number of institutional investors have recently bought and sold shares of VVX. FMR LLC increased its stake in V2X by 23.8% in the fourth quarter. FMR LLC now owns 3,712,196 shares of the company's stock worth $177,554,000 after purchasing an additional 714,722 shares during the period. Vanguard Group Inc. increased its stake in V2X by 2.8% in the first quarter. Vanguard Group Inc. now owns 923,334 shares of the company's stock worth $45,290,000 after purchasing an additional 25,222 shares during the period. Dimensional Fund Advisors LP increased its stake in V2X by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 878,820 shares of the company's stock worth $42,035,000 after purchasing an additional 97,399 shares during the period. Simcoe Capital Management LLC increased its stake in V2X by 252.8% in the fourth quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company's stock worth $35,057,000 after purchasing an additional 525,204 shares during the period. Finally, Victory Capital Management Inc. increased its stake in V2X by 61.1% in the first quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock worth $23,040,000 after purchasing an additional 178,136 shares during the period. 95.18% of the stock is currently owned by institutional investors.

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.