V2X (NYSE:VVX) Sees Large Volume Increase – Here’s Why

Shares of V2X, Inc. (NYSE:VVX) saw unusually-strong trading volume on Thursday . Approximately 304,024 shares were traded during trading, an increase of 170% from the previous session’s volume of 112,647 shares.The stock last traded at $59.27 and had previously closed at $60.67.

Wall Street Analyst Weigh In

A number of brokerages have commented on VVX. Baird R W upgraded shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th. Robert W. Baird started coverage on shares of V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 target price for the company. Raymond James increased their target price on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 5th. JMP Securities increased their target price on shares of V2X from $65.00 to $80.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $70.00 target price on shares of V2X in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, V2X currently has a consensus rating of “Buy” and an average target price of $70.60.

V2X Price Performance

The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 203.31 and a beta of 0.57. The stock’s 50 day moving average price is $59.13 and its two-hundred day moving average price is $52.58. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.

V2X (NYSE:VVX) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.22. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. Equities research analysts forecast that V2X, Inc. will post 4.14 EPS for the current fiscal year.

Insider Transactions at V2X

In other news, CFO Shawn Mural acquired 937 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $48.00 per share, for a total transaction of $44,976.00. Following the completion of the transaction, the chief financial officer now owns 1,437 shares in the company, valued at approximately $68,976. This trade represents a 187.40 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eric M. Pillmore acquired 3,125 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 41,516 shares of the company’s stock, valued at $1,992,768. The trade was a 8.14 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 11,936 shares of company stock valued at $572,928. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On V2X

A number of institutional investors have recently made changes to their positions in VVX. Allspring Global Investments Holdings LLC increased its position in shares of V2X by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,998 shares of the company’s stock valued at $420,000 after acquiring an additional 759 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of V2X by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company’s stock valued at $475,000 after purchasing an additional 287 shares in the last quarter. Sei Investments Co. grew its holdings in shares of V2X by 8.3% in the first quarter. Sei Investments Co. now owns 21,456 shares of the company’s stock valued at $1,002,000 after purchasing an additional 1,639 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in V2X in the first quarter worth approximately $307,000. Finally, Vanguard Group Inc. lifted its stake in V2X by 0.9% in the first 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. 95.18% of the stock is currently owned by institutional investors and hedge funds.

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.