Weiss Ratings Reaffirms "Hold (C)" Rating for V2X (NYSE:VVX)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for V2X (NYSE:VVX), amid positive sentiment from various analysts regarding the stock's performance.
• V2X's share price reached $60.63 with a consensus price target of $62.60, while its earnings per share exceeded estimates at $1.33.
• Insider activity showed significant selling, with major shareholder American Industrial Partners C and Director Dino M. Cusumano each selling 1.7 million shares at an average price of $52.20, decreasing their ownership by 17.53%.

V2X (NYSE:VVX - Get Free Report)'s stock had its "hold (c)" rating reiterated by stock analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

A number of other equities research analysts also recently weighed in on the stock. Morgan Stanley raised their target price on shares of V2X from $51.00 to $55.00 and gave the company an "underweight" rating in a research note on Friday, September 19th. Wall Street Zen raised shares of V2X from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 30th. Zacks Research raised shares of V2X from a "hold" rating to a "strong-buy" rating in a report on Friday, October 17th. Stifel Nicolaus set a $63.00 target price on shares of V2X and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Bank of America upgraded V2X from a "neutral" rating to a "buy" rating and raised their price target for the company from $55.00 to $65.00 in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.60.

V2X Price Performance

NYSE:VVX traded up $0.52 during trading hours on Friday, hitting $60.63. 74,905 shares of the company's stock traded hands, compared to its average volume of 274,616. V2X has a 52 week low of $41.08 and a 52 week high of $69.75. The business's fifty day simple moving average is $57.42 and its two-hundred day simple moving average is $51.51. 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 firm has a market cap of $1.92 billion, a P/E ratio of 27.56, a P/E/G ratio of 0.60 and a beta of 0.25.

V2X (NYSE:VVX - Get Free Report) last released its quarterly 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 analysts' expectations of $1.06 billion. V2X had a return on equity of 15.28% and a net margin of 1.63%.The company's revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 EPS. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, research analysts anticipate that V2X will post 4.16 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder American Industrial Partners C sold 1,700,000 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 8,000,001 shares of the company's stock, valued at approximately $417,600,052.20. This trade represents a 17.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dino M. Cusumano sold 1,700,000 shares of V2X stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $52.20, for a total value of $88,740,000.00. Following the completion of the transaction, the director owned 8,000,001 shares in the company, valued at approximately $417,600,052.20. This represents a 17.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,400,000 shares of company stock valued at $277,480,000. Company insiders own 1.10% of the company's stock.

Institutional Trading of V2X

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC bought a new position in shares of V2X in the second quarter worth approximately $25,000. CWM LLC increased its position in shares of V2X by 239.0% in the first quarter. CWM LLC now owns 990 shares of the company's stock valued at $49,000 after acquiring an additional 698 shares during the period. Osaic Holdings Inc. raised its stake in shares of V2X by 140.0% during the second quarter. Osaic Holdings Inc. now owns 1,068 shares of the company's stock valued at $52,000 after acquiring an additional 623 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of V2X in the second quarter worth about $73,000. Finally, Ameritas Investment Partners Inc. increased its holdings in V2X by 18.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,757 shares of the company's stock valued at $85,000 after purchasing an additional 275 shares during the period. 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.

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