V2X (NYSE:VVX) Now Covered by BTIG Research

BTIG Research assumed coverage on shares of V2X (NYSE:VVX) in a research note issued to investors on Monday morning, MarketBeat reports. The firm issued a buy rating and a $80.00 target price on the stock.

Several other research analysts have also issued reports on VVX. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 target price on shares of V2X in a research report on Tuesday, November 5th. Raymond James raised their price objective on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, November 5th. JMP Securities upped their target price on V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a report on Tuesday, November 5th. Robert W. Baird began coverage on shares of V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 price target for the company. Finally, Baird R W upgraded shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, V2X has a consensus rating of “Buy” and a consensus target price of $72.17.

V2X Stock Performance

NYSE:VVX opened at $60.31 on Monday. The stock’s 50-day moving average is $60.57 and its 200-day moving average is $53.11. The stock has a market cap of $1.90 billion, a P/E ratio of 215.40 and a beta of 0.57. V2X has a 1-year low of $37.04 and a 1-year high of $69.75. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09.

V2X (NYSE:VVX) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.22. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 EPS. Equities research analysts anticipate that V2X will post 4.14 earnings per share for the current year.

Insider Buying and Selling at V2X

In related news, Director Eric M. Pillmore acquired 3,125 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the director now owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. This trade represents a 8.14 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO William Boyd Noon bought 1,000 shares of V2X stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $48.00 per share, with a total value of $48,000.00. Following the completion of the purchase, the chief accounting officer now owns 10,931 shares in the company, valued at $524,688. This trade represents a 10.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 11,936 shares of company stock valued at $572,928. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On V2X

Several hedge funds and other institutional investors have recently modified their holdings of VVX. Quest Partners LLC lifted its holdings in shares of V2X by 112.3% in the 2nd quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after purchasing an additional 356 shares in the last quarter. US Bancorp DE lifted its stake in shares of V2X by 81.0% in the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after buying an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of V2X by 200.2% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock valued at $60,000 after buying an additional 839 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of V2X during the third quarter worth about $95,000. Finally, SG Americas Securities LLC acquired a new stake in shares of V2X in the 3rd quarter worth about $199,000. Institutional investors own 95.18% of the company’s stock.

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.