V2X (NYSE:VVX) Stock Rating Upgraded by Baird R W

Baird R W upgraded shares of V2X (NYSE:VVX) to a strong-buy rating in a research report released on Friday, Zacks.com reports.

VVX has been the topic of a number of other research reports. Robert W. Baird started coverage on shares of V2X in a research report on Friday. They issued an outperform rating and a $75.00 price objective on the stock. Royal Bank of Canada reissued an outperform rating and set a $55.00 price target on shares of V2X in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of $62.20.

V2X Trading Up 1.8 %

VVX opened at $65.14 on Friday. The firm’s fifty day simple moving average is $53.30 and its 200 day simple moving average is $49.91. The stock has a market capitalization of $2.05 billion, a P/E ratio of -501.08 and a beta of 0.60. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. V2X has a 12 month low of $37.04 and a 12 month high of $65.59.

V2X (NYSE:VVX) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.01). V2X had a positive return on equity of 11.69% and a negative net margin of 0.30%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, research analysts anticipate that V2X will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Eric M. Pillmore purchased 3,125 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the director now directly owns 41,516 shares in the company, valued at $1,992,768. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other V2X news, Director Eric M. Pillmore purchased 3,125 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the transaction, the director now directly owns 41,516 shares in the company, valued at $1,992,768. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shawn Mural acquired 937 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $48.00 per share, with a total value of $44,976.00. Following the completion of the transaction, the chief financial officer now owns 1,437 shares of the company’s stock, valued at approximately $68,976. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 11,936 shares of company stock worth $572,928. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V2X

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in shares of V2X by 74.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 366,282 shares of the company’s stock worth $17,010,000 after buying an additional 156,866 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in shares of V2X during the first quarter worth approximately $411,000. Allspring Global Investments Holdings LLC grew its position in shares of V2X by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,998 shares of the company’s stock valued at $420,000 after purchasing an additional 759 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of V2X by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company’s stock worth $475,000 after purchasing an additional 287 shares during the period. Finally, Sei Investments Co. lifted its holdings in V2X by 8.3% during the 1st quarter. Sei Investments Co. now owns 21,456 shares of the company’s stock worth $1,002,000 after purchasing an additional 1,639 shares during the last quarter. 95.18% of the stock is owned by institutional investors.

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.