V2X, Inc. (NYSE:VVX – Get Free Report) shares saw strong trading volume on Monday . 575,568 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 505,044 shares.The stock last traded at $68.8950 and had previously closed at $68.32.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on VVX. BTIG Research increased their price target on V2X from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Royal Bank Of Canada boosted their price objective on V2X from $60.00 to $70.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 24th. Weiss Ratings upgraded shares of V2X from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Citigroup lifted their target price on shares of V2X from $62.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Finally, Morgan Stanley boosted their price target on shares of V2X from $61.00 to $66.00 and gave the company an “underweight” rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.22.
View Our Latest Research Report on V2X
V2X Trading Up 0.8%
V2X (NYSE:VVX – Get Free Report) last posted its quarterly earnings results on Monday, February 23rd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.33 by $0.23. V2X had a net margin of 1.74% and a return on equity of 15.64%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the company posted $1.33 EPS. V2X’s revenue was up 5.3% on a year-over-year basis. V2X has set its FY 2026 guidance at 5.500-5.900 EPS. As a group, analysts expect that V2X, Inc. will post 4.16 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, major shareholder American Industrial Partners C sold 2,545,432 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $68.21, for a total transaction of $173,623,916.72. Following the completion of the sale, the insider directly owned 2,004,569 shares of the company’s stock, valued at $136,731,651.49. This trade represents a 55.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.99% of the stock is currently owned by insiders.
Hedge Funds Weigh In On V2X
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in V2X by 842.1% in the third quarter. Wellington Management Group LLP now owns 803,517 shares of the company’s stock worth $46,676,000 after acquiring an additional 718,225 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in V2X by 206.8% in the third quarter. Reinhart Partners LLC. now owns 890,002 shares of the company’s stock worth $51,701,000 after purchasing an additional 599,921 shares in the last quarter. Boston Partners increased its position in V2X by 5,323.3% during the third quarter. Boston Partners now owns 553,235 shares of the company’s stock worth $32,139,000 after buying an additional 543,034 shares during the last quarter. William Blair Investment Management LLC bought a new position in V2X during the fourth quarter valued at about $25,685,000. Finally, Bank of America Corp DE lifted its position in shares of V2X by 727.4% in the third quarter. Bank of America Corp DE now owns 466,863 shares of the company’s stock worth $27,120,000 after buying an additional 410,438 shares during 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.
Further Reading
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