Baird R W Upgrades V2X (NYSE:VVX) to Strong-Buy

V2X (NYSE:VVX) was upgraded by analysts at Baird R W to a “strong-buy” rating in a research report issued on Friday, Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird started coverage on shares of V2X in a report on Friday. They issued an “outperform” rating and a $75.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and issued a $55.00 target price on shares of V2X in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, V2X presently has a consensus rating of “Buy” and an average price target of $62.20.

V2X Trading Up 7.7 %

NYSE VVX opened at $64.00 on Friday. 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 has a 52 week low of $37.04 and a 52 week high of $64.20. The stock has a market capitalization of $2.01 billion, a PE ratio of -492.31 and a beta of 0.60. The firm has a 50 day moving average of $52.94 and a two-hundred day moving average of $49.73.

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

Insider Buying and Selling

In other V2X news, Director Eric M. Pillmore purchased 3,125 shares of the firm’s stock in a transaction that occurred on 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 purchase, the director now directly owns 41,516 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Shawn Mural acquired 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 transaction, the chief financial officer now owns 1,437 shares in the company, valued at $68,976. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eric M. Pillmore acquired 3,125 shares of the business’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $48.00 per share, with a total value of $150,000.00. Following the transaction, the director now owns 41,516 shares in the company, valued at $1,992,768. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 11,936 shares of company stock worth $572,928 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On V2X

A number of large investors have recently bought and sold shares of the company. Lakewood Asset Management LLC increased its holdings in shares of V2X by 8.1% in the 3rd quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock valued at $345,000 after purchasing an additional 462 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of V2X in the 3rd quarter valued at about $199,000. Systematic Financial Management LP increased its holdings 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 valued at $13,404,000 after purchasing an additional 168,886 shares in the last quarter. Algert Global LLC purchased a new position in shares of V2X in the 2nd quarter valued at about $259,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of V2X by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock valued at $347,000 after purchasing an additional 468 shares in the last quarter. Hedge funds and other 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.