V2X (NYSE:VVX) Shares Up 2.8%

V2X, Inc. (NYSE:VVX)’s share price rose 2.8% during trading on Monday . The company traded as high as $45.84 and last traded at $45.84. Approximately 22,780 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 89,746 shares. The stock had previously closed at $44.58.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VVX. Stifel Nicolaus reaffirmed a “hold” rating and set a $52.00 target price (down from $59.00) on shares of V2X in a research report on Friday, January 5th. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 target price on shares of V2X in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 price target on shares of V2X in a report on Wednesday, March 6th.

V2X Stock Performance

The company’s 50 day simple moving average is $42.54 and its 200 day simple moving average is $44.13. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.99 and a current ratio of 1.04. The stock has a market cap of $1.46 billion, a PE ratio of -62.05 and a beta of 0.79.

V2X (NYSE:VVX) last released its earnings results on Tuesday, March 5th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.15. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. V2X had a positive return on equity of 11.95% and a negative net margin of 0.57%. V2X’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. Analysts expect that V2X, Inc. will post 4.09 earnings per share for the current year.

Institutional Investors Weigh In On V2X

Hedge funds have recently made changes to their positions in the business. FMR LLC increased its holdings in V2X by 15.4% during the third quarter. FMR LLC now owns 3,026,115 shares of the company’s stock worth $156,329,000 after buying an additional 402,753 shares during the last quarter. BlackRock Inc. increased its stake in shares of V2X by 0.3% during the 1st quarter. BlackRock Inc. now owns 1,411,388 shares of the company’s stock worth $56,060,000 after purchasing an additional 4,720 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of V2X by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 582,973 shares of the company’s stock worth $27,073,000 after purchasing an additional 16,127 shares during the period. State Street Corp raised its holdings in shares of V2X by 0.8% in the 1st quarter. State Street Corp now owns 449,409 shares of the company’s stock worth $17,851,000 after purchasing an additional 3,491 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in V2X by 74.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 366,282 shares of the company’s stock valued at $17,010,000 after purchasing an additional 156,866 shares during the last quarter. 95.18% of the stock is currently 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.