V2X, Inc. (NYSE:VVX) Director Dino M. Cusumano Sells 2,000,000 Shares of Stock

V2X, Inc. (NYSE:VVX) Director Dino M. Cusumano sold 2,000,000 shares of the business’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 sale, the director owned 9,700,001 shares of the company’s stock, valued at approximately $485,000,050. The trade was a 17.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

V2X Stock Up 10.1%

NYSE:VVX opened at $60.05 on Thursday. V2X, Inc. has a 1 year low of $41.08 and a 1 year high of $69.75. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 0.59 and a beta of 0.27. The stock has a 50-day moving average price of $48.29 and a two-hundred day moving average price of $48.35.

V2X (NYSE:VVX) last posted its earnings results on Monday, August 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.33. V2X had a return on equity of 15.28% and a net margin of 1.63%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The company’s revenue was up .6% on a year-over-year basis. As a group, equities analysts expect that V2X, Inc. will post 4.16 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Bank of America upgraded V2X from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $65.00 in a report on Wednesday. The Goldman Sachs Group upped their price objective on V2X from $45.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday. Wall Street Zen upgraded V2X from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Morgan Stanley assumed coverage on V2X in a report on Wednesday, April 16th. They issued an “underweight” rating and a $51.00 price objective for the company. Finally, Stifel Nicolaus set a $63.00 price objective on V2X and gave the company a “buy” rating in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.36.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VVX. Ameritas Advisory Services LLC acquired a new position in shares of V2X during the second quarter worth about $25,000. State of Wyoming acquired a new position in shares of V2X during the fourth quarter worth about $45,000. Whipplewood Advisors LLC boosted its position in shares of V2X by 4,066.7% during the first quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company’s stock worth $49,000 after buying an additional 976 shares during the period. CWM LLC boosted its position in shares of V2X by 239.0% during the first quarter. CWM LLC now owns 990 shares of the company’s stock worth $49,000 after buying an additional 698 shares during the period. Finally, Summit Investment Advisors Inc. boosted its position in shares of V2X by 24.1% during the fourth 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. 95.18% of the stock is owned by institutional investors and hedge funds.

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.