V2X (NYSE:VVX) Sees Strong Trading Volume – Here’s Why

V2X, Inc. (NYSE:VVX) shares saw unusually-strong trading volume on Monday . Approximately 204,822 shares were traded during mid-day trading, an increase of 68% from the previous session’s volume of 122,166 shares.The stock last traded at $59.76 and had previously closed at $60.25.

Analyst Ratings Changes

Several analysts have weighed in on VVX shares. JMP Securities lifted their price objective on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 5th. Robert W. Baird started coverage on shares of V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 price target for the company. BTIG Research started coverage on shares of V2X in a research note on Monday, November 25th. They issued a “buy” rating and a $80.00 price objective for the company. Baird R W raised shares of V2X to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Raymond James increased their price objective on shares of V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $72.17.

V2X Stock Performance

The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The company’s 50-day moving average price is $60.98 and its two-hundred day moving average price is $53.39. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 215.18 and a beta of 0.57.

V2X (NYSE:VVX) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.22. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $0.73 earnings per share. On average, equities research analysts anticipate that V2X, Inc. will post 4.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of V2X stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $61.43, for a total value of $153,575.00. Following the sale, the general counsel now owns 10,634 shares of the company’s stock, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO William Boyd Noon acquired 1,000 shares of the 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 $48,000.00. Following the transaction, the chief accounting officer now owns 10,931 shares of the company’s stock, valued at approximately $524,688. This trade represents a 10.07 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 11,936 shares of company stock worth $572,928. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On V2X

Several large investors have recently modified their holdings of VVX. Systematic Financial Management LP grew its stake in V2X by 152.7% during the second quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock valued at $13,404,000 after acquiring an additional 168,886 shares in the last quarter. Factorial Partners LLC increased its holdings in shares of V2X by 28.6% in the 2nd quarter. Factorial Partners LLC now owns 54,000 shares of the company’s stock worth $2,590,000 after buying an additional 12,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of V2X by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 588,232 shares of the company’s stock worth $27,476,000 after buying an additional 5,259 shares during the last quarter. Sei Investments Co. increased its holdings in shares of V2X by 243.3% in the 2nd quarter. Sei Investments Co. now owns 73,653 shares of the company’s stock worth $3,532,000 after buying an additional 52,197 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of V2X by 50.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 13,212 shares of the company’s stock worth $634,000 after buying an additional 4,419 shares during 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.