V2X (NYSE:VVX) Shares Gap Up on Earnings Beat

Key Points

• V2X, Inc. shares surged from a close of $48.50 to an opening price of $54.75 following a strong earnings report, beating EPS estimates by $0.33 with $1.33 reported.
• Analysts have updated their price targets for V2X, with Stifel Nicolaus raising their target from $55.00 to $63.00 and others offering varying ratings, resulting in a consensus rating of "Moderate Buy."
• Institutional investors now hold 95.18% of V2X's shares, indicating strong institutional support for the company following notable trading activity during recent quarters.

Shares of V2X, Inc. (NYSE:VVX - Get Free Report) gapped up prior to trading on Tuesday following a better than expected earnings announcement. The stock had previously closed at $48.50, but opened at $54.75. V2X shares last traded at $53.64, with a volume of 77,995 shares trading hands.

The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.33. V2X had a net margin of 0.96% and a return on equity of 13.97%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm posted $0.83 EPS. The company's quarterly revenue was up .6% on a year-over-year basis.

Analysts Set New Price Targets

A number of research analysts have recently commented on VVX shares. Stifel Nicolaus lifted their price objective on shares of V2X from $55.00 to $63.00 and gave the company a "buy" rating in a research report on Tuesday. Morgan Stanley began coverage on shares of V2X in a research note on Wednesday, April 16th. They set an "underweight" rating and a $51.00 target price for the company. Wall Street Zen cut shares of V2X from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Truist Financial cut their target price on shares of 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 assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $63.60.

Insider Transactions at V2X

In other V2X news, SVP Richard L. Jr. Caputo sold 4,000 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $44.43, for a total value of $177,720.00. Following the completion of the sale, the senior vice president owned 15,869 shares of the company's stock, valued at $705,059.67. The trade was a 20.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.88% of the stock is owned by corporate insiders.

Institutional Trading of V2X

A number of institutional investors have recently bought and sold shares of VVX. The Manufacturers Life Insurance Company lifted its holdings in shares of V2X by 3.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company's stock worth $353,000 after acquiring an additional 266 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of V2X by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after acquiring an additional 288 shares during the period. Corebridge Financial Inc. lifted its holdings in shares of V2X by 7.1% during the 4th quarter. Corebridge Financial Inc. now owns 7,044 shares of the company's stock worth $337,000 after acquiring an additional 470 shares during the period. LPL Financial LLC lifted its holdings in shares of V2X by 11.0% during the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company's stock worth $245,000 after acquiring an additional 508 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in shares of V2X during the 2nd quarter worth approximately $25,000. Institutional investors own 95.18% of the company's stock.

V2X Stock Performance

The stock's fifty day moving average price is $46.98 and its two-hundred day moving average price is $48.23. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $1.69 billion, a P/E ratio of 41.52, a P/E/G ratio of 0.53 and a beta of 0.27.

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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