V2X (NYSE:VVX) Shares Gap Down - Time to Sell?

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.

Wall Street Analysts Forecast Growth

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

V2X Stock Down 4.7%

The stock has a 50 day simple moving average of $47.60 and a 200-day simple moving average of $48.26. The firm has a market cap of $1.61 billion, a PE ratio of 23.10, a PEG ratio of 0.55 and a beta of 0.27. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.16.

V2X (NYSE:VVX - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.33. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.06 billion. V2X had a return on equity of 15.28% and a net margin of 1.63%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. Sell-side analysts predict that V2X, Inc. will post 4.16 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 transaction of $177,720.00. Following the completion of the sale, the senior vice president 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

Institutional Trading of V2X

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in V2X by 2.8% during the second 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. grew its holdings in V2X by 7.1% during the second quarter. BOK Financial Private Wealth Inc. now owns 5,399 shares of the company's stock valued at $262,000 after purchasing an additional 356 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in V2X by 25.3% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,110 shares of the company's stock valued at $200,000 after purchasing an additional 829 shares during the period. Yorktown Management & Research Co Inc bought a new stake in V2X during the second quarter valued at about $262,000. Finally, Teacher Retirement System of Texas grew its holdings in V2X by 68.4% during the second quarter. Teacher Retirement System of Texas now owns 47,768 shares of the company's stock valued at $2,319,000 after purchasing an additional 19,396 shares during the period. Hedge funds and other 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.