Insider Selling: V2X, Inc. (NYSE:VVX) General Counsel Sells 2,500 Shares of Stock

V2X, Inc. (NYSE:VVX) General Counsel Jeremy John Nance sold 2,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $61.43, for a total value of $153,575.00. Following the completion of the transaction, the general counsel now owns 10,634 shares in the company, valued at $653,246.62. The trade was a 19.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

V2X Stock Down 0.8 %

VVX stock opened at $60.69 on Monday. V2X, Inc. has a one year low of $37.04 and a one year high of $69.75. The firm has a market cap of $1.92 billion, a PE ratio of 216.76 and a beta of 0.57. The firm’s 50 day moving average price is $60.23 and its 200-day moving average price is $52.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08.

V2X (NYSE:VVX) last posted its earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.22. V2X had a return on equity of 13.49% and a net margin of 0.22%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that V2X, Inc. will post 4.14 EPS for the current year.

Institutional Trading of V2X

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quest Partners LLC boosted its stake in V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after buying an additional 356 shares during the period. US Bancorp DE lifted its holdings in shares of V2X by 81.0% in the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after acquiring an additional 460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of V2X by 200.2% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock worth $60,000 after purchasing an additional 839 shares during the period. nVerses Capital LLC acquired a new stake in V2X in the 3rd quarter valued at approximately $95,000. Finally, SG Americas Securities LLC purchased a new stake in V2X in the third quarter valued at approximately $199,000. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VVX shares. Robert W. Baird initiated coverage on shares of V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price for the company. Baird R W upgraded V2X to a “strong-buy” rating in a report on Friday, October 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price target on shares of V2X in a report on Tuesday, November 5th. JMP Securities boosted their price objective on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 5th. Finally, Raymond James upped their target price on V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $70.60.

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.