V2X (NYSE:VVX) Receives “Hold” Rating from Truist Financial

V2X (NYSE:VVX)‘s stock had its “hold” rating reissued by analysts at Truist Financial in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $65.00 price target on the stock. Truist Financial’s target price points to a potential downside of 1.05% from the company’s current price.

Several other analysts have also recently commented on VVX. Morgan Stanley restated an “underweight” rating and issued a $61.00 target price on shares of V2X in a research note on Tuesday, December 16th. Royal Bank Of Canada raised their price objective on shares of V2X from $54.00 to $60.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 4th. Zacks Research upgraded V2X from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Citigroup increased their target price on V2X from $62.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of V2X in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.89.

V2X Stock Up 1.0%

VVX opened at $65.69 on Wednesday. V2X has a 52 week low of $41.08 and a 52 week high of $66.48. The business has a 50 day moving average price of $55.85 and a two-hundred day moving average price of $55.16. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.01. The company has a market cap of $2.07 billion, a PE ratio of 26.28, a P/E/G ratio of 0.58 and a beta of 0.11.

V2X (NYSE:VVX) last released its earnings results on Monday, November 3rd. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. V2X had a return on equity of 15.22% and a net margin of 1.81%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. As a group, research analysts anticipate that V2X will post 4.16 EPS for the current year.

Insider Transactions at V2X

In related news, Director Dino M. Cusumano sold 2,250,000 shares of V2X stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $55.00, for a total transaction of $123,750,000.00. Following the completion of the transaction, the director directly owned 5,750,001 shares in the company, valued at $316,250,055. The trade was a 28.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder American Industrial Partners C sold 2,250,000 shares of V2X stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $55.00, for a total transaction of $123,750,000.00. Following the completion of the sale, the insider directly owned 5,750,001 shares of the company’s stock, valued at $316,250,055. The trade was a 28.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 5,700,000 shares of company stock valued at $313,560,000. 0.88% of the stock is currently owned by company insiders.

Institutional Trading of V2X

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of V2X by 46.6% in the 1st quarter. Royal Bank of Canada now owns 5,813 shares of the company’s stock worth $284,000 after buying an additional 1,847 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of V2X by 22.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,867 shares of the company’s stock worth $484,000 after purchasing an additional 1,826 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of V2X by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,544 shares of the company’s stock valued at $2,430,000 after purchasing an additional 4,747 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of V2X during the 1st quarter worth about $329,000. Finally, Strs Ohio purchased a new stake in shares of V2X during the 1st quarter worth about $461,000. 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.