V2X (NYSE:VVX) Trading Down 4.4% - What's Next?

V2X, Inc. (NYSE:VVX - Get Free Report)'s share price was down 4.4% during mid-day trading on Thursday . The stock traded as low as $50.67 and last traded at $50.78. Approximately 115,182 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 129,580 shares. The stock had previously closed at $53.11.

Analyst Ratings Changes

A number of research firms have recently commented on VVX. JMP Securities raised their price target on V2X from $65.00 to $80.00 and gave the stock a "market outperform" rating in a research report on Tuesday, November 5th. Raymond James lifted their price target on shares of V2X from $60.00 to $72.00 and gave the company a "strong-buy" rating in a research note on Tuesday, November 5th. Robert W. Baird began coverage on shares of V2X in a report on Friday, October 11th. They issued an "outperform" rating and a $75.00 price target for the company. Baird R W upgraded shares of V2X to a "strong-buy" rating in a report on Friday, October 11th. Finally, BTIG Research assumed coverage on shares of V2X in a research note on Monday, November 25th. They issued a "buy" rating and a $80.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $67.86.

V2X Trading Down 7.7 %

The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The business's 50-day moving average is $61.30 and its two-hundred day moving average is $54.42. The firm has a market cap of $1.55 billion, a P/E ratio of 175.15 and a beta of 0.55.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.07 by $0.22. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. As a group, analysts predict that V2X, Inc. will post 4.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $61.43, for a total value of $153,575.00. Following the transaction, the general counsel now directly owns 10,634 shares of the company's stock, valued at $653,246.62. This represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company's stock.

Institutional Trading of V2X

Several hedge funds and other institutional investors have recently modified their holdings of VVX. Hennion & Walsh Asset Management Inc. increased its position in V2X by 50.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 13,212 shares of the company's stock worth $634,000 after buying an additional 4,419 shares during the period. Cornerstone Wealth Group LLC bought a new position in V2X during the second quarter worth about $371,000. Bank of New York Mellon Corp raised its stake in V2X by 8.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,090 shares of the company's stock worth $3,218,000 after purchasing an additional 5,498 shares in the last quarter. Peregrine Capital Management LLC bought a new stake in V2X in the 2nd quarter valued at about $6,982,000. Finally, Rhumbline Advisers grew its position in shares of V2X by 4.3% during the 2nd quarter. Rhumbline Advisers now owns 20,991 shares of the company's stock worth $1,007,000 after purchasing an additional 863 shares in the last quarter. Institutional investors own 95.18% of the company's stock.

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.