V2X (NYSE:VVX) Shares Gap Down - Here's What Happened

Key Points

• V2X, Inc. (NYSE:VVX) shares gapped down to $50.14 from a previous close of $53.31, currently trading at $51.26 with a market capitalization of $1.60 billion.
• Research analysts have issued mixed ratings on V2X, with Morgan Stanley initiating coverage with an "underweight" rating and a $51 price target, while Stifel Nicolaus maintains a "buy" rating with a $63 target.
• The company reported $1.33 earnings per share for the last quarter, exceeding estimates, with a revenue of $1.08 billion, marking a 0.6% increase year-over-year.

V2X, Inc. (NYSE:VVX - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $53.31, but opened at $50.14. V2X shares last traded at $51.26, with a volume of 185,295 shares trading hands.

Analyst Ratings Changes

Several brokerages have commented on VVX. Wall Street Zen upgraded shares of V2X from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley assumed coverage on V2X in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price objective on the stock. Truist Financial lowered their price objective on V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Stifel Nicolaus set a $63.00 target price on shares of V2X and gave the company a "buy" rating in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $63.60.

V2X Stock Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.20 and a current ratio of 1.20. The firm's 50 day moving average is $47.78 and its 200-day moving average is $48.22. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 0.55 and a beta of 0.27.

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 analysts' consensus estimates of $1.00 by $0.33. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.06 billion. V2X had a net margin of 1.63% and a return on equity of 15.28%. The firm's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. Analysts forecast that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 shares were sold at an average price of $44.43, for a total transaction of $177,720.00. Following the completion of the transaction, the senior vice president directly owned 15,869 shares in the company, valued at approximately $705,059.67. This represents a 20.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.88% of the company's stock.

Hedge Funds Weigh In On V2X

A number of large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its position in shares of V2X by 5.4% during the 2nd quarter. Empowered Funds LLC now owns 116,371 shares of the company's stock valued at $5,650,000 after acquiring an additional 5,965 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of V2X during the 2nd quarter valued at about $240,000. Geode Capital Management LLC boosted its position in shares of V2X by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 374,553 shares of the company's stock valued at $18,186,000 after acquiring an additional 10,062 shares during the last quarter. BOK Financial Private Wealth Inc. boosted its position in shares of V2X by 7.1% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 5,399 shares of the company's stock valued at $262,000 after acquiring an additional 356 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of V2X by 25.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,110 shares of the company's stock valued at $200,000 after acquiring an additional 829 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

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.