V2X (NYSE:VVX) Upgraded at Baird R W

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

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

V2X Price Performance

Shares of NYSE:VVX opened at $64.00 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -160.00 and a beta of 0.60. The business has a 50-day simple moving average of $52.94 and a two-hundred day simple moving average of $49.78. V2X has a fifty-two week low of $37.04 and a fifty-two week high of $64.20.

V2X (NYSE:VVX) last released 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 negative net margin of 0.30% and a positive return on equity of 11.69%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts expect that V2X will post 4.11 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Eric M. Pillmore acquired 3,125 shares of V2X stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now directly owns 41,516 shares of the company’s stock, valued at $1,992,768. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other V2X news, CAO William Boyd Noon bought 1,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $48.00 per share, for a total transaction of $48,000.00. Following the completion of the transaction, the chief accounting officer now owns 10,931 shares in the company, valued at $524,688. This trade 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 available at the SEC website. Also, Director Eric M. Pillmore acquired 3,125 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $48.00 per share, with a total value of $150,000.00. Following the acquisition, 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 disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 11,936 shares of company stock worth $572,928. Insiders own 1.10% of the company’s stock.

Institutional Trading of V2X

A number of large investors have recently modified their holdings of VVX. Systematic Financial Management LP raised its holdings in shares of V2X by 152.7% in the 2nd quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock valued at $13,404,000 after purchasing an additional 168,886 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in V2X by 74.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 366,282 shares of the company’s stock valued at $17,010,000 after purchasing an additional 156,866 shares during the period. Peregrine Capital Management LLC purchased a new stake in shares of V2X in the second quarter worth about $6,982,000. Dimensional Fund Advisors LP boosted its position in V2X by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock worth $31,741,000 after purchasing an additional 87,741 shares in the last quarter. Finally, Sei Investments Co. grew its position in V2X by 243.3% during the second quarter. Sei Investments Co. now owns 73,653 shares of the company’s stock valued at $3,532,000 after buying an additional 52,197 shares during the period. Hedge funds and other institutional investors own 95.18% of the company’s stock.

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.