Truist Financial Issues Positive Forecast for V2X (NYSE:VVX) Stock Price

V2X (NYSE:VVX) had its price target upped by stock analysts at Truist Financial from $58.00 to $65.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 12.24% from the stock’s current price.

A number of other brokerages have also recently commented on VVX. Zacks Research upgraded shares of V2X from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Stifel Nicolaus increased their target price on shares of V2X from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday. Bank of America raised V2X from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $65.00 in a research note on Wednesday, August 13th. Royal Bank Of Canada raised their price target on V2X from $54.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, The Goldman Sachs Group lifted their target price on shares of V2X from $45.00 to $50.00 and gave the company a “sell” rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, V2X currently has an average rating of “Moderate Buy” and a consensus target price of $64.40.

V2X Price Performance

Shares of VVX stock traded up $0.80 during trading on Wednesday, hitting $57.91. The company had a trading volume of 113,942 shares, compared to its average volume of 277,109. The stock’s 50-day moving average is $57.34 and its two-hundred day moving average is $52.15. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. V2X has a 52 week low of $41.08 and a 52 week high of $69.75. 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 data on Monday, November 3rd. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.23 by $0.14. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.13 billion. V2X had a return on equity of 15.28% and a net margin of 1.63%.The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 EPS. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. As a group, analysts predict that V2X will post 4.16 EPS for the current fiscal year.

Insider Buying and Selling at V2X

In other news, major shareholder American Industrial Partners C sold 1,700,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $417,600,052.20. This represents a 17.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dino M. Cusumano sold 2,000,000 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $50.00, for a total value of $100,000,000.00. Following the completion of the transaction, the director directly owned 9,700,001 shares in the company, valued at approximately $485,000,050. This represents a 17.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,400,000 shares of company stock worth $277,480,000 over the last three months. Insiders own 0.88% of the company’s stock.

Institutional Trading of V2X

A number of institutional investors and hedge funds have recently bought and sold shares of VVX. Reinhart Partners LLC. increased its stake in V2X by 206.8% in the 3rd quarter. Reinhart Partners LLC. now owns 890,002 shares of the company’s stock worth $51,701,000 after acquiring an additional 599,921 shares during the last quarter. Nuveen LLC bought a new stake in V2X in the 1st quarter worth approximately $19,753,000. Ophir Asset Management Pty Ltd increased its position in V2X by 80.7% in the second quarter. Ophir Asset Management Pty Ltd now owns 613,343 shares of the company’s stock worth $28,980,000 after purchasing an additional 273,977 shares during the last quarter. Bridgeway Capital Management LLC bought a new stake in V2X in the first quarter worth $11,036,000. Finally, Pacer Advisors Inc. bought a new stake in V2X in the first quarter worth $8,853,000. 95.18% of the stock is currently owned by institutional investors.

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.