V2X (NYSE:VVX) Announces Earnings Results

by · The Markets Daily

V2X (NYSE:VVX – Get Free Report) announced its earnings results on Monday. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23, FiscalAI reports. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. V2X had a net margin of 1.81% and a return on equity of 15.22%.

V2X Trading Down 1.0%

Shares of V2X stock traded down $0.71 during trading hours on Monday, reaching $67.88. The stock had a trading volume of 426,297 shares, compared to its average volume of 398,495. The firm has a 50 day simple moving average of $62.97 and a two-hundred day simple moving average of $58.83. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 0.62 and a beta of 0.12. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.01. V2X has a 1 year low of $41.08 and a 1 year high of $71.79.

Insider Activity

In related news, major shareholder American Industrial Partners C sold 1,200,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $55.05, for a total transaction of $66,060,000.00. Following the completion of the sale, the insider owned 4,550,001 shares of the company’s stock, valued at approximately $250,477,555.05. This represents a 20.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On V2X

Several institutional investors have recently bought and sold shares of VVX. Comerica Bank raised its stake in shares of V2X by 79.1% in the 3rd quarter. Comerica Bank now owns 480 shares of the company’s stock valued at $28,000 after acquiring an additional 212 shares during the period. Larson Financial Group LLC raised its position in V2X by 207.3% in the third quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock valued at $44,000 after purchasing an additional 512 shares during the period. Osaic Holdings Inc. lifted 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 worth $52,000 after purchasing an additional 623 shares in the last quarter. State of Wyoming purchased a new stake in shares of V2X in the fourth quarter worth about $131,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of V2X by 336.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,590 shares of the company’s stock worth $126,000 after buying an additional 1,996 shares during the period. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VVX. Morgan Stanley reissued an “underweight” rating and issued a $61.00 target price on shares of V2X in a research note on Tuesday, December 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of V2X in a research report on Monday, December 29th. Truist Financial restated a “hold” rating and set a $65.00 target price on shares of V2X in a research report on Wednesday, January 14th. Royal Bank Of Canada boosted their price target on V2X from $54.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, November 4th. Finally, Stifel Nicolaus raised their price objective on V2X from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.88.

View Our Latest Report on V2X

V2X Company Profile

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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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