5 Best Mid Cap Defense Stocks to Buy

4. V2X, Inc. (NYSE:VVX)

Number of Hedge Fund Holders: 34

V2X, Inc. (NYSE:VVX) is among the 8 Best Mid Cap Defense Stocks to Buy. As of the close of business on June 24, the stock is a Moderate Buy based on the recommendations from 10 analysts and has an average share price upside potential of 8%.

Recent updates include Raymond James, which downgraded VVX to Market Perform from Outperform on Wednesday. The firm cited valuation concerns as the reason behind the adjustment.

In a research note to investors, the analyst noted the robust share price gains in 2026, while adding that there is limited potential for multiple expansion ahead. The firm believes the stock offers a balanced risk/reward at the moment. Raymond James further said that the revision was in no way tied to the company’s upcoming quarterly results.

Earlier on May 29, BofA lifted its price target on the stock to $93 from $78 and reiterated a Buy rating. The adjustment came following the company’s first-quarter earnings report.

According to TipRanks, a BofA analyst told investors that the results reflect V2X, Inc.’s (NYSE:VVX) ‘unique position to support operational tempo worldwide’. The firm further said that it was increasing estimates for the company and anticipates upside potential as military expenditure rises.

On the other hand, investors’ sentiment towards the stock remains steady. According to Insider Monkey’s database for Q1 2026, 34 hedge funds held a stake in the company, up from 33 in the prior quarter.

The company reported strong results for the first quarter of fiscal 2026, with revenue growing 23% year-over-year to $1.25 billion. Adjusted diluted earnings per share were posted at $1.53, up 55% from the previous year. Total backlog at the end of the quarter stood at a record $13.8 billion, helped by 50 awards amounting to $4.1 billion in Q1.

V2X, Inc. (NYSE:VVX) provides innovative solutions and support services that integrate the digital and physical environments. It is an important player in the defense sector, providing vital mission solutions to customers in around 47 countries worldwide.