V2X (NYSE:VVX) Stock Price Down 5% – What’s Next?

V2X, Inc. (NYSE:VVX) shares traded down 5% on Thursday . The stock traded as low as $54.72 and last traded at $56.36. 61,253 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 126,620 shares. The stock had previously closed at $59.32.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VVX shares. Raymond James lifted their price objective on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group started coverage on V2X in a report on Thursday. They issued a “sell” rating and a $54.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price objective on shares of V2X in a research note on Tuesday, November 5th. Robert W. Baird started coverage on V2X in a research note on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price on the stock. Finally, BTIG Research assumed coverage on shares of V2X in a report on Monday, November 25th. They issued a “buy” rating and a $80.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.57.

V2X Stock Up 0.7 %

The company has a 50-day moving average of $61.55 and a 200-day moving average of $54.18. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 199.32 and a beta of 0.55.

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

Insider Activity at V2X

In related news, 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 transaction of $153,575.00. Following the completion of the transaction, the general counsel now owns 10,634 shares of the company’s stock, valued at $653,246.62. This trade represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On V2X

Several hedge funds have recently added to or reduced their stakes in VVX. FMR LLC lifted its holdings in shares of V2X by 17.2% in the 3rd quarter. FMR LLC now owns 2,997,474 shares of the company’s stock valued at $167,439,000 after buying an additional 439,852 shares during the period. Dimensional Fund Advisors LP raised its position in V2X by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock valued at $31,741,000 after acquiring an additional 87,741 shares in the last quarter. Systematic Financial Management LP boosted its position in V2X by 43.5% in the 3rd quarter. Systematic Financial Management LP now owns 401,121 shares of the company’s stock worth $22,407,000 after purchasing an additional 121,635 shares in the last quarter. Geode Capital Management LLC boosted 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 worth $15,322,000 after purchasing an additional 4,370 shares in the last quarter. Finally, Zimmer Partners LP acquired a new stake in shares of V2X during the 3rd quarter worth approximately $14,659,000. 95.18% of the stock is owned by hedge funds and other institutional investors.

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.