V2X (NYSE:VVX) Sees Strong Trading Volume - Here's What Happened

Key Points

• V2X, Inc. (NYSE:VVX) experienced a surge in trading volume with 297,471 shares traded on Thursday, representing an 11% increase compared to the previous session.
• The stock received multiple upgrades from analysts, with Wall Street Zen raising its rating to "strong-buy" and various firms increasing target prices, highlighting strong market sentiment.
• Director Dino M. Cusumano sold 2 million shares at an average price of $50.00, reducing his stake by over 17%, in a substantial transaction valued at $100 million.

V2X, Inc. (NYSE:VVX - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 297,471 shares were traded during trading, an increase of 11% from the previous session's volume of 267,320 shares.The stock last traded at $54.82 and had previously closed at $54.95.

Analyst Ratings Changes

Several analysts recently weighed in on VVX shares. Wall Street Zen raised V2X from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th. The Goldman Sachs Group lifted their price target on V2X from $45.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday, August 13th. Bank of America raised V2X from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $55.00 to $65.00 in a research note on Wednesday, August 13th. Finally, Stifel Nicolaus set a $63.00 target price on V2X and gave the stock a "buy" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, V2X has an average rating of "Moderate Buy" and an average target price of $63.36.

V2X Stock Performance

The company has a market cap of $1.79 billion, a PE ratio of 25.66, a PEG ratio of 0.55 and a beta of 0.30. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $53.23 and a 200-day moving average of $49.80.

V2X (NYSE:VVX - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.33. V2X had a return on equity of 15.28% and a net margin of 1.63%.The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The business's revenue was up .6% on a year-over-year basis. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. As a group, analysts anticipate that V2X, Inc. will post 4.16 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder American Industrial Partners C sold 1,700,000 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $52.20, for a total transaction of $88,740,000.00. Following the sale, the insider directly owned 8,000,001 shares in the company, valued at approximately $417,600,052.20. The trade was a 17.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dino M. Cusumano sold 2,000,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $50.00, for a total value of $100,000,000.00. Following the sale, the director owned 9,700,001 shares in the company, valued at approximately $485,000,050. The trade was a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,400,000 shares of company stock worth $277,480,000 in the last ninety days. Insiders own 0.88% of the company's stock.

Hedge Funds Weigh In On V2X

A number of institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its stake in V2X by 140.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,068 shares of the company's stock worth $52,000 after acquiring an additional 623 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in V2X by 50.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 25,368 shares of the company's stock worth $1,232,000 after acquiring an additional 8,514 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in V2X by 36.1% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 20,119 shares of the company's stock worth $979,000 after acquiring an additional 5,336 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in V2X by 336.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,590 shares of the company's stock worth $126,000 after acquiring an additional 1,996 shares during the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in V2X in the 2nd quarter worth about $267,000. 95.18% of the stock is currently owned by institutional investors.

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.