Insider Buying: V2X, Inc. (NYSE:VVX) Treasurer Acquires $19,968.00 in Stock

V2X, Inc. (NYSE:VVX) Treasurer Michael James Smith purchased 416 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $48.00 per share, for a total transaction of $19,968.00. Following the completion of the purchase, the treasurer now owns 16,131 shares in the company, valued at $774,288. The transaction was disclosed in a filing with the SEC, which is available at this link.

V2X Price Performance

NYSE VVX opened at $49.57 on Friday. The business’s fifty day moving average is $50.60 and its 200 day moving average is $47.75. V2X, Inc. has a fifty-two week low of $37.04 and a fifty-two week high of $58.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15.

V2X (NYSE:VVX) last posted its quarterly earnings data 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). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.02 billion. V2X had a negative net margin of 0.30% and a positive return on equity of 11.69%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share. Research analysts forecast that V2X, Inc. will post 4.12 EPS for the current fiscal year.

Institutional Trading of V2X

A number of hedge funds and other institutional investors have recently modified their holdings of VVX. Janney Montgomery Scott LLC boosted its holdings in V2X by 2.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company’s stock worth $475,000 after buying an additional 287 shares during the period. Quest Partners LLC lifted 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 acquiring an additional 356 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of V2X by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock worth $347,000 after acquiring an additional 468 shares during the period. Oak Associates Ltd. OH grew its position in shares of V2X by 2.9% during the second quarter. Oak Associates Ltd. OH now owns 16,890 shares of the company’s stock worth $810,000 after purchasing an additional 479 shares in the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in V2X during the 4th quarter valued at approximately $34,000. 95.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VVX has been the topic of a number of recent research reports. JMP Securities reissued a “market outperform” rating and issued a $65.00 target price on shares of V2X in a report on Friday, May 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $55.00 price objective on shares of V2X in a research note on Wednesday, August 7th.

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.