V2X, Inc. (NYSE:VVX – Get Free Report) major shareholder American Industrial Partners C sold 2,250,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $55.00, for a total value of $123,750,000.00. Following the completion of the transaction, the insider owned 5,750,001 shares in the company, valued at approximately $316,250,055. This trade represents a 28.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
American Industrial Partners C also recently made the following trade(s):
- On Thursday, September 11th, American Industrial Partners C sold 1,700,000 shares of V2X stock. The stock was sold at an average price of $52.20, for a total value of $88,740,000.00.
V2X Trading Down 1.6%
VVX traded down $0.85 on Monday, reaching $53.39. 221,288 shares of the company’s stock were exchanged, compared to its average volume of 283,220. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $63.74. The company’s 50 day moving average is $57.12 and its 200-day moving average is $52.52. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 0.59 and a beta of 0.26.
Hedge Funds Weigh In On V2X
A number of institutional investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in shares of V2X during the second quarter valued at about $25,000. Comerica Bank lifted its stake in shares of V2X by 79.1% in the third quarter. Comerica Bank now owns 480 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of V2X by 207.3% in the third quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock worth $44,000 after acquiring an additional 512 shares in the last quarter. CWM LLC boosted its holdings in V2X by 239.0% in the first quarter. CWM LLC now owns 990 shares of the company’s stock valued at $49,000 after purchasing an additional 698 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in V2X by 140.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,068 shares of the company’s stock valued at $52,000 after purchasing an additional 623 shares in the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on VVX. The Goldman Sachs Group upped their price target on shares of V2X from $45.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded V2X from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th. Zacks Research raised V2X from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Bank of America upgraded V2X from a “neutral” rating to a “buy” rating and increased their target price for the company from $55.00 to $65.00 in a research note on Wednesday, August 13th. Finally, Stifel Nicolaus boosted their price target on V2X from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.40.
Check Out Our Latest Stock Report on V2X
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.
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