V2X (NYSE:VVX) Shares Down 11.9% – Here’s What Happened

Shares of V2X, Inc. (NYSE:VVX) dropped 11.9% on Wednesday . The company traded as low as $73.28 and last traded at $73.42. Approximately 208,175 shares changed hands during trading, a decline of 60% from the average daily volume of 520,358 shares. The stock had previously closed at $83.29.

Analysts Set New Price Targets

A number of research firms have commented on VVX. Bank of America boosted their price objective on V2X from $78.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Royal Bank Of Canada raised their target price on V2X from $70.00 to $75.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. Weiss Ratings cut V2X from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. Morgan Stanley upped their price target on shares of V2X from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Stifel Nicolaus increased their price objective on shares of V2X from $77.50 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.60.

V2X Trading Down 5.1%

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.96. The business’s fifty day moving average is $75.91 and its two-hundred day moving average is $68.95. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 0.60 and a beta of 0.19.

V2X (NYSE:VVX) last posted its quarterly earnings data on Monday, May 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.29. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.13 billion. V2X had a return on equity of 16.94% and a net margin of 1.88%.The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. V2X has set its FY 2026 guidance at 5.750-6.150 EPS. Equities analysts anticipate that V2X, Inc. will post 6.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On V2X

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in V2X by 842.1% during the 3rd quarter. Wellington Management Group LLP now owns 803,517 shares of the company’s stock worth $46,676,000 after purchasing an additional 718,225 shares during the last quarter. Boston Partners grew its position in shares of V2X by 5,323.3% during the 3rd quarter. Boston Partners now owns 553,235 shares of the company’s stock worth $32,139,000 after buying an additional 543,034 shares during the period. Reinhart Partners LLC. grew its position in shares of V2X by 60.6% during the 4th quarter. Reinhart Partners LLC. now owns 1,429,211 shares of the company’s stock worth $77,964,000 after buying an additional 539,209 shares during the period. William Blair Investment Management LLC bought a new stake in shares of V2X during the fourth quarter worth approximately $25,685,000. Finally, Bank of America Corp DE raised its stake in shares of V2X by 727.4% during the third quarter. Bank of America Corp DE now owns 466,863 shares of the company’s stock worth $27,120,000 after buying an additional 410,438 shares during the last quarter. Institutional investors and hedge funds 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.