V2X (NYSE:VVX) Sees Unusually-High Trading Volume – Here’s What Happened

V2X, Inc. (NYSE:VVX) saw unusually-strong trading volume on Thursday . Approximately 304,024 shares were traded during mid-day 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.

Analyst Ratings Changes

VVX has been the subject of several research reports. Robert W. Baird initiated coverage on shares of V2X in a report on Friday, October 11th. They set an “outperform” rating and a $75.00 price objective for the company. Baird R W raised V2X to a “strong-buy” rating in a research report on Friday, October 11th. Raymond James increased their price target on V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price objective on shares of V2X in a research report on Tuesday, November 5th. Finally, JMP Securities boosted their target price on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 5th. One 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $70.60.

V2X Price Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s fifty day moving average is $58.72 and its 200 day moving average is $52.48. The company has a market capitalization of $1.88 billion, a P/E ratio of 216.69 and a beta of 0.57.

V2X (NYSE:VVX) last released its earnings results on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.22. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 earnings per share. As a group, analysts predict that V2X, Inc. will post 4.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Eric M. Pillmore purchased 3,125 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $48.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. The trade was a 8.14 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO William Boyd Noon purchased 1,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, for a total transaction of $48,000.00. Following the acquisition, the chief accounting officer now owns 10,931 shares of the company’s stock, valued at $524,688. The trade was a 10.07 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric M. Pillmore bought 3,125 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 $150,000.00. Following the purchase, the director now directly owns 41,516 shares of the company’s stock, valued at $1,992,768. The trade was a 8.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 11,936 shares of company stock worth $572,928 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Systematic Financial Management LP grew its holdings in V2X by 152.7% in the second 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. Vanguard Group Inc. grew its stake in shares of V2X by 0.9% during 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. Factorial Partners LLC increased its holdings in shares of V2X by 28.6% during the second quarter. Factorial Partners LLC now owns 54,000 shares of the company’s stock valued at $2,590,000 after acquiring an additional 12,000 shares in the last quarter. Sei Investments Co. raised its position in shares of V2X by 243.3% in the 2nd quarter. Sei Investments Co. now owns 73,653 shares of the company’s stock valued at $3,532,000 after purchasing an additional 52,197 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in 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 purchasing an additional 4,419 shares in the last quarter. 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.