V2X (NYSE:VVX) Shares Down 4.4% – Here’s Why

V2X, Inc. (NYSE:VVX) fell 4.4% during mid-day trading on Thursday . The company traded as low as $50.67 and last traded at $50.78. 115,182 shares changed hands during trading, a decline of 11% from the average session volume of 129,580 shares. The stock had previously closed at $53.11.

Analyst Upgrades and Downgrades

VVX has been the subject of several recent analyst reports. The Goldman Sachs Group began coverage on V2X in a research note on Thursday, December 12th. They set a “sell” rating and a $54.00 target price for the company. JMP Securities boosted their price objective on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a report on Tuesday, November 5th. BTIG Research began coverage on shares of V2X in a research note on Monday, November 25th. They set a “buy” rating and a $80.00 target price for the company. Baird R W upgraded shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Robert W. Baird started coverage on shares of V2X in a report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, V2X has a consensus rating of “Moderate Buy” and an average price target of $67.86.

V2X Trading Down 7.4 %

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 firm has a market cap of $1.55 billion, a PE ratio of 175.68 and a beta of 0.55. The company’s 50 day moving average price is $61.30 and its 200 day moving average price is $54.42.

V2X (NYSE:VVX) 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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 EPS. As a group, analysts forecast that V2X, Inc. will post 4.14 EPS for the current fiscal year.

Insider Buying and Selling at V2X

In related news, General Counsel Jeremy John Nance sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $61.43, for a total transaction of $153,575.00. Following the sale, the general counsel now directly owns 10,634 shares in the company, valued at approximately $653,246.62. This represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in V2X by 6.4% during the third quarter. Franklin Resources Inc. now owns 83,876 shares of the company’s stock worth $4,685,000 after purchasing an additional 5,072 shares in the last quarter. Barclays PLC increased its holdings in shares of V2X by 119.8% in the 3rd quarter. Barclays PLC now owns 27,727 shares of the company’s stock valued at $1,550,000 after acquiring an additional 15,110 shares during the period. Geode Capital Management LLC raised its position in V2X by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 274,247 shares of the company’s stock valued at $15,322,000 after purchasing an additional 4,370 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in V2X during the 3rd quarter worth $706,000. Finally, Orion Portfolio Solutions LLC purchased a new position in V2X during the 3rd quarter worth $990,000. Institutional investors and hedge funds 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.