V2X (NYSE:VVX) Now Covered by Analysts at Robert W. Baird

Investment analysts at Robert W. Baird began coverage on shares of V2X (NYSE:VVX) in a research note issued on Friday, Briefing.com reports. The brokerage set an “outperform” rating and a $75.00 price target on the stock. Robert W. Baird’s target price indicates a potential upside of 26.16% from the stock’s current price.

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a $55.00 price target on shares of V2X in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $62.20.

V2X Trading Down 1.4 %

VVX opened at $59.45 on Friday. V2X has a twelve month low of $37.04 and a twelve month high of $61.45. The company has a fifty day moving average of $52.62 and a 200-day moving average of $49.59. The stock has a market cap of $1.87 billion, a PE ratio of -457.31 and a beta of 0.60. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15.

V2X (NYSE:VVX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 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 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 company posted $1.01 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. On average, sell-side analysts predict that V2X will post 4.11 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of V2X

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VVX. Dimensional Fund Advisors LP boosted its position in shares of V2X by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock valued at $31,741,000 after buying an additional 87,741 shares during the last quarter. Vanguard Group Inc. boosted its holdings in V2X by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock worth $27,476,000 after acquiring an additional 5,259 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in V2X by 74.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 366,282 shares of the company’s stock worth $17,010,000 after acquiring an additional 156,866 shares during the last quarter. Systematic Financial Management LP grew its stake 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 worth $13,404,000 after acquiring an additional 168,886 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of V2X by 1.1% in the second quarter. First Eagle Investment Management LLC now owns 181,833 shares of the company’s stock valued at $8,721,000 after purchasing an additional 2,067 shares during the last quarter. 95.18% of the stock is owned by institutional investors.

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.