V2X (NYSE:VVX) Upgraded by Baird R W to "Strong-Buy"

V2X (NYSE:VVX - Get Free Report) was upgraded by research analysts at Baird R W to a "strong-buy" rating in a note issued to investors on Friday, Zacks.com reports.

A number of other analysts have also weighed in on VVX. Royal Bank of Canada restated an "outperform" rating and set a $55.00 target price on shares of V2X in a report on Wednesday, August 7th. Robert W. Baird assumed coverage on V2X in a research report on Friday. They set an "outperform" rating and a $75.00 price objective on the stock. One research 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. Based on data from MarketBeat, V2X has an average rating of "Buy" and a consensus price target of $62.20.

V2X Trading Up 7.7 %

Shares of V2X stock traded up $4.56 on Friday, hitting $64.00. 235,296 shares of the company traded hands, compared to its average volume of 164,242. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. The company has a market cap of $2.00 billion, a PE ratio of -160.00 and a beta of 0.60. The stock's 50 day moving average price is $52.94 and its 200-day moving average price is $49.76. V2X has a 52 week low of $37.04 and a 52 week high of $64.20.

V2X (NYSE:VVX - Get Free Report) last issued its 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 negative net margin of 0.30% and a positive return on equity of 11.69%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm earned $1.01 earnings per share. The company's revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts predict that V2X will post 4.11 EPS for the current year.

Insiders Place Their Bets

In related news, Director Eric M. Pillmore purchased 3,125 shares of the business's stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $48.00 per share, for a total transaction of $150,000.00. Following the purchase, the director now owns 41,516 shares of the company's stock, 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 link. In other news, Director Eric M. Pillmore acquired 3,125 shares of the business's stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, with a total value 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 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO William Boyd Noon bought 1,000 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, with a total value of $48,000.00. Following the acquisition, the chief accounting officer now directly owns 10,931 shares of the company's stock, valued at approximately $524,688. This trade 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 acquired 11,936 shares of company stock valued at $572,928. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of V2X

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Systematic Financial Management LP grew its holdings in V2X by 152.7% during the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company's stock worth $13,404,000 after acquiring an additional 168,886 shares during the period. Vanguard Group Inc. increased its holdings in shares of V2X by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company's stock valued at $27,476,000 after purchasing an additional 5,259 shares in the last quarter. Factorial Partners LLC lifted its stake in shares of V2X by 28.6% in the 2nd quarter. Factorial Partners LLC now owns 54,000 shares of the company's stock valued at $2,590,000 after purchasing an additional 12,000 shares during the period. Sei Investments Co. lifted its stake in shares of V2X by 243.3% in the 2nd quarter. Sei Investments Co. now owns 73,653 shares of the company's stock valued at $3,532,000 after purchasing an additional 52,197 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in V2X by 50.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 13,212 shares of the company's stock worth $634,000 after buying an additional 4,419 shares in the last quarter. Institutional investors and hedge funds 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.