Vectrus Inc. (VEC) Hits New 52-Week High at $30.79
Vectrus Inc. (NYSE:VEC)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $30.79 and last traded at $30.42, with a volume of 47,669 shares changing hands. The stock had previously closed at $29.85.
Several equities analysts recently commented on the company. Zacks Investment Research lowered Vectrus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 24th. TheStreet upgraded Vectrus from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Finally, Sidoti lowered Vectrus from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 16th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Vectrus has a consensus rating of “Hold” and a consensus target price of $25.00.
The company has a 50 day moving average of $26.43 and a 200 day moving average of $22.18. The stock has a market capitalization of $324.11 million and a P/E ratio of 10.10.
Vectrus (NYSE:VEC) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. During the same period in the previous year, the business posted $0.47 earnings per share. The firm had revenue of $310.70 million for the quarter, compared to the consensus estimate of $284.15 million. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. Equities research analysts anticipate that Vectrus Inc. will post $2.27 EPS for the current fiscal year.
In other news, SVP Janet Oliver sold 9,354 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $24.50, for a total transaction of $229,173.00. Following the completion of the sale, the senior vice president now directly owns 19,945 shares of the company’s stock, valued at approximately $488,652.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Kelvin Coppock sold 13,758 shares of the firm’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $24.38, for a total value of $335,420.04. Following the sale, the senior vice president now directly owns 13,397 shares of the company’s stock, valued at $326,618.86. The disclosure for this sale can be found here.
Several hedge funds have modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Vectrus by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 144,040 shares of the company’s stock valued at $3,009,000 after buying an additional 3,020 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Vectrus by 493.7% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 54,619 shares of the company’s stock valued at $1,141,000 after buying an additional 45,419 shares during the period. Oxford Asset Management acquired a new stake in shares of Vectrus during the fourth quarter valued at approximately $2,205,000. LSV Asset Management boosted its stake in shares of Vectrus by 4.2% in the fourth quarter. LSV Asset Management now owns 262,469 shares of the company’s stock valued at $5,482,000 after buying an additional 10,549 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Vectrus by 323.3% in the fourth quarter. American Century Companies Inc. now owns 54,990 shares of the company’s stock valued at $1,149,000 after buying an additional 42,000 shares during the period.
Vectrus, Inc is a provider of services to the United States Government across the world. The Company offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. Its infrastructure asset management services support the United States Army, Air Force and Navy, and include infrastructure services, security, warehouse management and distribution, ammunition management, civil engineering, air base maintenance and operations, communications, emergency services, transportation, and life support activities at various global military installations.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.