Weiss Ratings Reiterates Hold (C) Rating for V2X (NYSE:VVX)

V2X (NYSE:VVX)‘s stock had its “hold (c)” rating restated by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also weighed in on the company. Wall Street Zen upgraded V2X from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 30th. The Goldman Sachs Group boosted their price objective on V2X from $45.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 13th. Bank of America upgraded V2X from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $65.00 in a research report on Wednesday, August 13th. Morgan Stanley boosted their price objective on V2X from $51.00 to $55.00 and gave the stock an “underweight” rating in a research report on Friday, September 19th. Finally, Stifel Nicolaus set a $63.00 price objective on V2X and gave the stock a “buy” rating in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.73.

V2X Price Performance

V2X stock opened at $58.42 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.20 and a current ratio of 1.20. V2X has a 52 week low of $41.08 and a 52 week high of $69.75. The stock has a market capitalization of $1.85 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 0.62 and a beta of 0.25. The stock has a fifty day moving average of $56.60 and a 200-day moving average of $50.90.

V2X (NYSE:VVX) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.33. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. V2X had a return on equity of 15.28% and a net margin of 1.63%.V2X’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 EPS. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. On average, sell-side analysts expect that V2X will post 4.16 earnings per share for the current fiscal year.

Insider Transactions at V2X

In other V2X news, major shareholder American Industrial Partners C sold 1,700,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $52.20, for a total value of $88,740,000.00. Following the sale, the insider owned 8,000,001 shares in the company, valued at approximately $417,600,052.20. The trade was a 17.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dino M. Cusumano sold 1,700,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $52.20, for a total value of $88,740,000.00. Following the completion of the sale, the director owned 8,000,001 shares in the company, valued at $417,600,052.20. This trade represents a 17.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,400,000 shares of company stock worth $277,480,000 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On V2X

Several institutional investors and hedge funds have recently made changes to their positions in VVX. California State Teachers Retirement System boosted its position in shares of V2X by 10.5% during the 4th quarter. California State Teachers Retirement System now owns 13,128 shares of the company’s stock valued at $628,000 after purchasing an additional 1,252 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of V2X by 3,403.3% during the 1st quarter. GAMMA Investing LLC now owns 3,188 shares of the company’s stock valued at $156,000 after purchasing an additional 3,097 shares in the last quarter. Rhumbline Advisers boosted its position in shares of V2X by 9.1% during the 1st quarter. Rhumbline Advisers now owns 23,168 shares of the company’s stock valued at $1,136,000 after purchasing an additional 1,929 shares in the last quarter. Wealthquest Corp bought a new stake in shares of V2X during the 1st quarter valued at about $97,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of V2X by 53.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,069 shares of the company’s stock valued at $930,000 after purchasing an additional 6,629 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.