V2X, Inc. (NYSE:VVX) General Counsel Sells $153,575.00 in Stock

V2X, Inc. (NYSE:VVX) General Counsel Jeremy John Nance sold 2,500 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was 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 approximately $653,246.62. This trade represents a 19.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

V2X Stock Down 0.8 %

Shares of NYSE VVX opened at $60.69 on Friday. V2X, Inc. has a 12-month low of $37.04 and a 12-month high of $69.75. The stock has a market cap of $1.92 billion, a PE ratio of 216.75 and a beta of 0.57. 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 50-day moving average of $60.23 and a 200 day moving average of $52.91.

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

Institutional Trading of V2X

Several hedge funds have recently made changes to their positions in VVX. FMR LLC grew its stake 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. Zimmer Partners LP acquired a new position in shares of V2X in the 3rd quarter worth approximately $14,659,000. Simcoe Capital Management LLC acquired a new position in shares of V2X in the 3rd quarter worth approximately $11,604,000. Systematic Financial Management LP lifted its holdings in shares of V2X by 152.7% in the 2nd quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock worth $13,404,000 after acquiring an additional 168,886 shares during the last quarter. Finally, Peregrine Capital Management LLC acquired a new position in shares of V2X in the 2nd quarter worth approximately $6,982,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JMP Securities upped their price target on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 5th. Robert W. Baird assumed coverage on shares of V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 price target for the company. Raymond James upped their price target on shares of V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, November 5th. Baird R W upgraded shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $70.00 price target on shares of V2X in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $70.60.

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.