V2X (NYSE:VVX) Research Coverage Started at Robert W. Baird

Robert W. Baird began coverage on shares of V2X (NYSE:VVX) in a research note released on Friday morning, MarketBeat reports. The brokerage issued an outperform rating and a $75.00 price objective on the stock.

Separately, Royal Bank of Canada reiterated an outperform rating and set a $55.00 price target on shares of V2X in a research report on Wednesday, August 7th. One equities 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 MarketBeat, the stock presently has a consensus rating of Buy and an average target price of $62.20.

V2X Trading Up 7.7 %

Shares of VVX stock opened at $64.00 on Friday. The business’s fifty day moving average price is $52.94 and its 200 day moving average price is $49.78. The firm has a market capitalization of $2.00 billion, a PE ratio of -160.00 and a beta of 0.60. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. V2X has a 1-year low of $37.04 and a 1-year high of $64.20.

V2X (NYSE:VVX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $1.01 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, sell-side analysts forecast that V2X will post 4.11 EPS for the current fiscal year.

Insider Activity at V2X

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

Institutional Investors Weigh In On V2X

Several hedge funds have recently modified their holdings of VVX. Quest Partners LLC raised its position in shares of V2X by 112.3% in the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after buying an additional 356 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in V2X by 200.2% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock worth $60,000 after acquiring an additional 839 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in V2X in the 1st quarter valued at $142,000. SG Americas Securities LLC purchased a new position in shares of V2X during the 3rd quarter worth $199,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of V2X during the second quarter worth $212,000. 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.