V2X (NYSE:VVX) Raised to Buy at Bank of America

Key Points

• V2X has been upgraded to a "buy" rating by Bank of America, with a target price of $65.00, representing a potential upside of 19.45% from its previous close.
• The company reported earnings of $1.33 EPS for the most recent quarter, surpassing analysts' expectations and demonstrating a year-over-year revenue increase of 0.6%.
• Institutional investors control approximately 95.18% of V2X's stock, with significant increases in holdings reported by major firms like Vanguard Group and Dimensional Fund Advisors.

Bank of America upgraded shares of V2X (NYSE:VVX - Free Report) from a neutral rating to a buy rating in a research note released on Wednesday, Marketbeat.com reports. The brokerage currently has $65.00 price objective on the stock, up from their prior price objective of $55.00.

A number of other research analysts have also weighed in on the company. Stifel Nicolaus set a $63.00 target price on V2X and gave the company a "buy" rating in a report on Tuesday, August 5th. Wall Street Zen upgraded V2X from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Morgan Stanley initiated coverage on V2X in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.36.

V2X Stock Performance

Shares of V2X stock traded up $1.43 during trading hours on Wednesday, hitting $61.52. 546,950 shares of the company's stock traded hands, compared to its average volume of 395,920. V2X has a 12-month low of $41.08 and a 12-month high of $69.75. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 0.63 and a beta of 0.27. The company has a fifty day simple moving average of $48.93 and a 200-day simple moving average of $48.43. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.20.

V2X (NYSE:VVX - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.33. V2X had a return on equity of 15.28% and a net margin of 1.63%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm posted $0.83 EPS. The firm's revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts anticipate that V2X will post 4.16 EPS for the current fiscal year.

Insider Buying and Selling at V2X

In other V2X news, SVP Richard L. Jr. Caputo sold 4,000 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $44.43, for a total value of $177,720.00. Following the sale, the senior vice president directly owned 15,869 shares of the company's stock, valued at approximately $705,059.67. The trade was a 20.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dino M. Cusumano sold 2,000,000 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $50.00, for a total value of $100,000,000.00. Following the completion of the sale, the director directly owned 9,700,001 shares in the company, valued at $485,000,050. This trade represents a 17.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,006,200 shares of company stock worth $100,280,790. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On V2X

Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in V2X by 3.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company's stock valued at $353,000 after acquiring an additional 266 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of V2X by 18.6% during the second quarter. Ameritas Investment Partners Inc. now owns 1,757 shares of the company's stock worth $85,000 after purchasing an additional 275 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock valued at $71,000 after buying an additional 288 shares during the last quarter. BOK Financial Private Wealth Inc. lifted its stake in shares of V2X by 7.1% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 5,399 shares of the company's stock valued at $262,000 after purchasing an additional 356 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of V2X by 4.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,788 shares of the company's stock worth $427,000 after acquiring an additional 367 shares during the last quarter. 95.18% of the stock is owned by institutional investors.

About V2X

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.