V2X (NYSE:VVX) Stock Price Up 3.8% – Here’s Why

V2X, Inc. (NYSE:VVX) shares rose 3.8% during mid-day trading on Tuesday . The company traded as high as $51.49 and last traded at $51.01. Approximately 156,791 shares were traded during trading, a decline of 4% from the average daily volume of 163,217 shares. The stock had previously closed at $49.15.

Wall Street Analysts Forecast Growth

VVX has been the topic of a number of recent research reports. Raymond James dropped their price objective on V2X from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. BTIG Research assumed coverage on V2X in a report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price target on shares of V2X in a report on Friday, January 17th. Citigroup assumed coverage on V2X in a report on Tuesday, January 21st. They issued a “buy” rating and a $64.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on V2X in a report on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, V2X presently has an average rating of “Moderate Buy” and a consensus price target of $65.38.

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 stock has a market capitalization of $1.62 billion, a P/E ratio of 183.04, a price-to-earnings-growth ratio of 0.61 and a beta of 0.61. The firm has a 50-day moving average price of $48.91 and a 200 day moving average price of $54.11.

Hedge Funds Weigh In On V2X

Several institutional investors have recently modified their holdings of VVX. FMR LLC increased its position in shares of V2X by 23.8% during the 4th quarter. FMR LLC now owns 3,712,196 shares of the company’s stock valued at $177,554,000 after purchasing an additional 714,722 shares during the last quarter. Simcoe Capital Management LLC grew its position in V2X by 252.8% during the 4th quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company’s stock worth $35,057,000 after acquiring an additional 525,204 shares during the last quarter. Victory Capital Management Inc. bought a new position in V2X during the 4th quarter worth approximately $13,947,000. Zimmer Partners LP bought a new position in V2X during the 3rd quarter worth approximately $14,659,000. Finally, Assenagon Asset Management S.A. grew its position in V2X by 1,014.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company’s stock worth $11,077,000 after acquiring an additional 210,814 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.