V2X (NYSE:VVX) Stock Price Down 4.4% – Time to Sell?

V2X, Inc. (NYSE:VVX)’s stock price was down 4.4% during mid-day trading on Thursday . The stock traded as low as $50.67 and last traded at $50.78. Approximately 115,182 shares changed hands during trading, a decline of 11% from the average daily volume of 129,580 shares. The stock had previously closed at $53.11.

Analyst Ratings Changes

A number of research analysts have recently commented on VVX shares. BTIG Research initiated coverage on V2X in a research note on Monday, November 25th. They set a “buy” rating and a $80.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $58.00 price target (down from $70.00) on shares of V2X in a report on Thursday. Robert W. Baird started coverage on shares of V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective for the company. Raymond James lifted their price target on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, JMP Securities lifted their price objective on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $67.86.

V2X Stock Down 7.4 %

The stock has a market capitalization of $1.55 billion, a PE ratio of 175.68 and a beta of 0.55. 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’s 50-day moving average is $61.30 and its 200 day moving average is $54.42.

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

Insiders Place Their Bets

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was 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 directly owns 10,634 shares of the company’s stock, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On V2X

A number of large investors have recently added to or reduced their stakes in VVX. Quest Partners LLC raised its holdings in V2X by 112.3% in the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after acquiring an additional 356 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in V2X by 1.9% during the third quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock worth $1,161,000 after buying an additional 394 shares in the last quarter. US Bancorp DE boosted its stake in V2X by 81.0% during the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after buying an additional 460 shares during the last quarter. Lakewood Asset Management LLC grew its holdings in V2X by 8.1% in the 3rd quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock valued at $345,000 after buying an additional 462 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of V2X by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock worth $347,000 after acquiring an additional 468 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

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.