V2X (NYSE:VVX) Hits New 1-Year High – Should You Buy?

V2X, Inc. (NYSE:VVX)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $62.41 and last traded at $62.41, with a volume of 231 shares trading hands. The stock had previously closed at $59.44.

Analyst Ratings Changes

A number of brokerages have issued reports on VVX. Baird R W upgraded shares of V2X to a “strong-buy” rating in a research note on Friday. Robert W. Baird assumed coverage on shares of V2X in a research note on Friday. They set an “outperform” rating and a $75.00 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $62.20.

V2X Price Performance

The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -160.00 and a beta of 0.60. The stock’s 50 day moving average price is $52.94 and its two-hundred day moving average price is $49.76. 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 released 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 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 analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted $1.01 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts forecast that V2X, Inc. will post 4.11 EPS for the current fiscal year.

Insider Activity at V2X

In other V2X news, Director Eric M. Pillmore purchased 3,125 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average price of $48.00 per share, for a total transaction 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. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Eric M. Pillmore acquired 3,125 shares of V2X stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director now owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Shawn Mural bought 937 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $68,976. This trade represents a 100.00 % increase in their ownership of the stock. 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. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of V2X

Large investors have recently made changes to their positions in the company. Systematic Financial Management LP boosted its holdings in shares of V2X by 152.7% during the 2nd quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock worth $13,404,000 after purchasing an additional 168,886 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in V2X by 74.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 366,282 shares of the company’s stock worth $17,010,000 after buying an additional 156,866 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in V2X in the 2nd quarter valued at $6,982,000. Dimensional Fund Advisors LP increased its stake in shares of V2X by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock worth $31,741,000 after acquiring an additional 87,741 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of V2X by 243.3% during the 2nd quarter. Sei Investments Co. now owns 73,653 shares of the company’s stock worth $3,532,000 after acquiring an additional 52,197 shares during the period. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

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.