V2X (NYSE:VVX) Hits New 12-Month High - Here's Why

V2X, Inc. (NYSE:VVX - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $62.41 and last traded at $62.41, with a volume of 231 shares changing hands. The stock had previously closed at $59.44.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $55.00 target price on shares of V2X in a research report on Wednesday, August 7th. Robert W. Baird began coverage on shares of V2X in a research report on Friday. They issued an "outperform" rating and a $75.00 price target for the company. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $62.20.

V2X Stock Up 7.7 %

The business has a 50 day simple moving average of $52.62 and a 200 day simple moving average of $49.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $2.01 billion, a PE ratio of -480.38 and a beta of 0.60.

V2X (NYSE:VVX - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm earned $1.01 earnings per share. V2X's revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts forecast that V2X, Inc. will post 4.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Eric M. Pillmore purchased 3,125 shares of V2X 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 $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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other V2X news, Director Eric M. Pillmore purchased 3,125 shares of the stock in a transaction dated 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 transaction, the director now owns 41,516 shares in the company, valued at $1,992,768. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William Boyd Noon acquired 1,000 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, with a total value of $48,000.00. Following the transaction, the chief accounting officer now directly owns 10,931 shares in the company, valued at $524,688. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 11,936 shares of company stock valued at $572,928 over the last three months. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On V2X

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lakewood Asset Management LLC increased its stake in V2X by 8.1% during the third quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company's stock valued at $345,000 after acquiring an additional 462 shares during the period. SG Americas Securities LLC acquired a new position in shares of V2X in the third quarter valued at $199,000. Systematic Financial Management LP lifted its position in V2X by 152.7% in the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company's stock worth $13,404,000 after purchasing an additional 168,886 shares during the period. Algert Global LLC bought a new position in V2X in the second quarter worth $259,000. Finally, The Manufacturers Life Insurance Company boosted its stake in V2X by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company's stock worth $347,000 after buying an additional 468 shares in the last quarter. 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.