V2X (NYSE:VVX) Sees Unusually-High 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.

Shares of V2X, Inc. (NYSE:VVX - Get Free Report) saw strong trading volume on Thursday . 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 Upgrades and Downgrades

VVX has been the topic of several recent research reports. Wall Street Zen upgraded shares of V2X from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. The Goldman Sachs Group upped their target price on shares of V2X from $45.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 13th. Bank of America upgraded shares of V2X from a "neutral" rating to a "buy" rating and upped their target price for the company from $55.00 to $65.00 in a research report on Wednesday, August 13th. Finally, Stifel Nicolaus set a $63.00 target price on shares of V2X and gave the company a "buy" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.36.

V2X Trading Down 0.1%

The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.02. The stock has a 50 day simple moving average of $52.94 and a 200-day simple moving average of $49.59. The firm has a market cap of $1.74 billion, a P/E ratio of 24.97, a P/E/G ratio of 0.56 and a beta of 0.30.

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

Insider Activity

In other news, Director Dino M. Cusumano sold 2,000,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $100,000,000.00. Following the transaction, the director owned 9,700,001 shares of the company's stock, valued at approximately $485,000,050. This represents a 17.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On V2X

A number of hedge funds have recently made changes to their positions in VVX. Vanguard Group Inc. raised its stake in 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 last quarter. Simcoe Capital Management LLC boosted its stake in shares of 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 acquiring an additional 525,204 shares during the last quarter. Ophir Asset Management Pty Ltd raised its position in V2X by 80.7% in the second quarter. Ophir Asset Management Pty Ltd now owns 613,343 shares of the company's stock valued at $28,980,000 after purchasing an additional 273,977 shares during the period. Victory Capital Management Inc. raised its holdings in shares of V2X by 61.1% in the 1st quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock valued at $23,040,000 after buying an additional 178,136 shares during the period. Finally, Systematic Financial Management LP boosted its position in shares of V2X by 6.6% during the 2nd quarter. Systematic Financial Management LP now owns 426,582 shares of the company's stock worth $20,711,000 after acquiring an additional 26,562 shares in the last quarter. 95.18% of the stock is currently owned by hedge funds and other 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.

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