V2X (NYSE:VVX) Stock Rating Lowered by Wall Street Zen

V2X (NYSE:VVX) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Friday.

VVX has been the subject of a number of other research reports. Truist Financial lowered their target price on shares of V2X from $68.00 to $55.00 and set a “buy” rating for the company in a report on Monday, April 14th. Stifel Nicolaus started coverage on shares of V2X in a report on Tuesday, June 24th. They set a “buy” rating and a $55.00 target price for the company. Finally, Morgan Stanley started coverage on shares of V2X in a report on Wednesday, April 16th. They set an “underweight” rating and a $51.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, V2X presently has an average rating of “Moderate Buy” and an average target price of $62.80.

V2X Stock Down 0.2%

V2X stock opened at $47.43 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 36.77, a P/E/G ratio of 0.53 and a beta of 0.24. The firm has a fifty day moving average price of $47.14 and a two-hundred day moving average price of $48.27. V2X has a fifty-two week low of $41.08 and a fifty-two week high of $69.75.

V2X (NYSE:VVX) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.06. V2X had a net margin of 0.96% and a return on equity of 13.97%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business posted $0.90 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. As a group, analysts forecast that V2X will post 4.16 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Richard L. Jr. Caputo sold 4,000 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $44.43, for a total transaction of $177,720.00. Following the transaction, the senior vice president directly owned 15,869 shares of the company’s stock, valued at approximately $705,059.67. This trade represents a 20.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V2X

Hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in shares of V2X by 3.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company’s stock valued at $353,000 after purchasing an additional 266 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in V2X by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock worth $71,000 after buying an additional 288 shares during the period. Corebridge Financial Inc. boosted its position in V2X by 7.1% during the 4th quarter. Corebridge Financial Inc. now owns 7,044 shares of the company’s stock worth $337,000 after buying an additional 470 shares during the period. LPL Financial LLC boosted its position in V2X by 11.0% during the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company’s stock worth $245,000 after buying an additional 508 shares during the period. Finally, Edmond DE Rothschild Holding S.A. boosted its position in V2X by 15.3% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company’s stock worth $201,000 after buying an additional 558 shares during the period. 95.18% of the stock is 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.