V2X, Inc. (NYSE:VVX - Get Free Report) SVP Richard L. Jr. Caputo sold 4,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $44.43, for a total transaction of $177,720.00. Following the sale, the senior vice president now owns 15,869 shares in the company, valued at $705,059.67. The trade was a 20.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
V2X Trading Up 0.6%
V2X stock traded up $0.27 during trading hours on Thursday, hitting $45.12. The stock had a trading volume of 196,149 shares, compared to its average volume of 206,738. The business's 50 day simple moving average is $47.86 and its 200-day simple moving average is $49.72. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 161.15, a P/E/G ratio of 0.61 and a beta of 0.21. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.
V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $0.90 EPS. The firm's quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts predict that V2X, Inc. will post 4.16 EPS for the current fiscal year.
Hedge Funds Weigh In On V2X
Hedge funds have recently modified their holdings of the business. FMR LLC increased its holdings in V2X by 23.8% in the fourth quarter. FMR LLC now owns 3,712,196 shares of the company's stock valued at $177,554,000 after purchasing an additional 714,722 shares during the period. Vanguard Group Inc. increased its stake in shares of V2X by 2.8% in the first quarter. Vanguard Group Inc. now owns 923,334 shares of the company's stock valued at $45,290,000 after buying an additional 25,222 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of V2X by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 878,820 shares of the company's stock valued at $42,035,000 after buying an additional 97,399 shares during the period. Simcoe Capital Management LLC raised its position in shares of V2X by 252.8% during the fourth quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company's stock worth $35,057,000 after acquiring an additional 525,204 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of 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 acquiring an additional 178,136 shares during the period. Institutional investors and hedge funds own 95.18% of the company's stock.
Analyst Ratings Changes
VVX has been the subject of several research analyst reports. Royal Bank of Canada lowered their price objective on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th. Raymond James lowered their price target on V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. Morgan Stanley initiated coverage on V2X in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price objective on the stock. Finally, Truist Financial decreased their target price on V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $63.67.
Check Out Our Latest Analysis on V2X
About V2X
(
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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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