V2X, Inc. (NYSE:VVX) Sees Significant Growth in Short Interest

V2X, Inc. (NYSE:VVX) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 699,200 shares, a growth of 57.3% from the September 15th total of 444,400 shares. Based on an average daily volume of 350,300 shares, the short-interest ratio is presently 2.0 days. Currently, 3.1% of the company’s stock are sold short. Currently, 3.1% of the company’s stock are sold short. Based on an average daily volume of 350,300 shares, the short-interest ratio is presently 2.0 days.

V2X Price Performance

VVX opened at $59.63 on Wednesday. The company’s 50-day moving average price is $57.46 and its 200 day moving average price is $51.36. V2X has a fifty-two week low of $41.08 and a fifty-two week high of $69.75. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 0.61 and a beta of 0.25. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.02.

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

Insider Activity

In other news, Director Dino M. Cusumano sold 2,000,000 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $50.00, for a total transaction of $100,000,000.00. Following the transaction, the director owned 9,700,001 shares of the company’s stock, valued at approximately $485,000,050. This trade represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder American Industrial Partners C sold 1,700,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $52.20, for a total transaction of $88,740,000.00. Following the transaction, the insider directly owned 8,000,001 shares in the company, valued at $417,600,052.20. The trade was a 17.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,400,000 shares of company stock worth $277,480,000 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On V2X

Several large investors have recently made changes to their positions in VVX. Wealthquest Corp acquired a new stake in shares of V2X in the first quarter valued at approximately $97,000. Allspring Global Investments Holdings LLC increased its stake in shares of V2X by 53.3% in the first 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 during the period. Teacher Retirement System of Texas acquired a new stake in shares of V2X in the first quarter valued at approximately $1,392,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of V2X by 37.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,281 shares of the company’s stock valued at $161,000 after purchasing an additional 899 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of V2X by 12.9% in the first quarter. Bank of New York Mellon Corp now owns 67,284 shares of the company’s stock valued at $3,300,000 after purchasing an additional 7,680 shares during the period. Institutional investors and hedge funds own 95.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VVX. Morgan Stanley increased their price target on shares of V2X from $51.00 to $55.00 and gave the stock an “underweight” rating in a research report on Friday, September 19th. Zacks Research raised shares of V2X from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. The Goldman Sachs Group increased their price objective on shares of V2X from $45.00 to $50.00 and gave the stock a “sell” rating in a research note on Wednesday, August 13th. Stifel Nicolaus set a $63.00 price objective on shares of V2X and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of V2X in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.60.

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.