William Boyd Noon Acquires 1,000 Shares of V2X, Inc. (NYSE:VVX) Stock

V2X, Inc. (NYSE:VVX) CAO William Boyd Noon acquired 1,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $48.00 per share, for a total transaction of $48,000.00. Following the purchase, the chief accounting officer now directly owns 10,931 shares of the company’s stock, valued at $524,688. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

V2X Price Performance

NYSE VVX opened at $48.70 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. V2X, Inc. has a 1 year low of $37.04 and a 1 year high of $58.25. The company has a market cap of $1.53 billion, a PE ratio of -374.62 and a beta of 0.60. The stock’s 50-day moving average price is $50.58 and its two-hundred day moving average price is $47.73.

V2X (NYSE:VVX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). V2X had a negative net margin of 0.30% and a positive return on equity of 11.69%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that V2X, Inc. will post 4.12 EPS for the current year.

Institutional Trading of V2X

Hedge funds have recently modified their holdings of the business. Quest Partners LLC raised its position in V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after buying an additional 356 shares during the period. Cape Investment Advisory Inc. purchased a new position in V2X during the 4th quarter valued at about $34,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of V2X by 200.2% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock valued at $60,000 after purchasing an additional 839 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of V2X in the first quarter worth approximately $142,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of V2X during the second quarter worth approximately $212,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VVX. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price target on shares of V2X in a research note on Friday, May 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $55.00 target price on shares of V2X in a report on Wednesday, August 7th.

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.