V2X (NYSE:VVX) Rating Lowered to "Hold" at Wall Street Zen

V2X (NYSE:VVX - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.

A number of other analysts have also issued reports on VVX. Morgan Stanley assumed coverage on V2X in a research report on Wednesday, April 16th. They set an "underweight" rating and a $51.00 target price on the stock. Stifel Nicolaus assumed coverage on V2X in a report on Tuesday, June 24th. They set a "buy" rating and a $55.00 price objective on the stock. Finally, Truist Financial reduced their target price on V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $62.80.

V2X Trading Down 0.2%

NYSE VVX traded down $0.11 during mid-day trading on Friday, reaching $47.43. 182,062 shares of the stock were exchanged, compared to its average volume of 221,272. The stock has a market capitalization of $1.50 billion, a PE ratio of 36.77, a PEG ratio of 0.53 and a beta of 0.24. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.16 and a current ratio of 1.16. V2X has a 1-year low of $41.08 and a 1-year high of $69.75. The business's fifty day simple moving average is $47.14 and its 200 day simple moving average is $48.27.

V2X (NYSE:VVX - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.98 earnings per share 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 net margin of 0.96% and a return on equity of 13.97%. V2X's revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. On average, research analysts anticipate that V2X will post 4.16 earnings per share for the current fiscal year.

Insider Buying and Selling at V2X

In other V2X news, SVP Richard L. Jr. Caputo sold 4,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $44.43, for a total value of $177,720.00. Following the sale, the senior vice president directly owned 15,869 shares in the company, valued at $705,059.67. This represents a 20.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On V2X

Hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new position in V2X during the first quarter worth about $1,392,000. Allspring Global Investments Holdings LLC grew its position in V2X by 53.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,069 shares of the company's stock valued at $930,000 after purchasing an additional 6,629 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of V2X in the fourth quarter valued at about $818,000. Jump Financial LLC acquired a new position in shares of V2X during the 4th quarter worth approximately $831,000. Finally, Invesco Ltd. increased its holdings in V2X by 8.2% during the fourth quarter. Invesco Ltd. now owns 226,305 shares of the company's stock worth $10,824,000 after buying an additional 17,232 shares during the last quarter. Institutional investors own 95.18% of the company's stock.

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.

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