Vectrus Inc. (VEC) Sets New 52-Week High at $30.79
Shares of Vectrus Inc. (NYSE:VEC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $30.79 and last traded at $30.42, with a volume of 47,669 shares traded. The stock had previously closed at $29.85.
VEC has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Vectrus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 24th. TheStreet raised shares of Vectrus from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Finally, Sidoti cut shares of Vectrus from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 16th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.00.
The company has a market capitalization of $324.32 million and a P/E ratio of 10.10. The firm’s 50-day moving average is $26.78 and its 200-day moving average is $22.32.
Vectrus (NYSE:VEC) last released its earnings results on Tuesday, May 10th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. The company earned $310.70 million during the quarter, compared to analyst estimates of $284.15 million. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the business earned $0.47 earnings per share. Equities analysts predict that Vectrus Inc. will post $2.27 EPS for the current fiscal year.
In other Vectrus news, SVP Kelvin Coppock sold 6,047 shares of Vectrus stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $24.37, for a total transaction of $147,365.39. Following the completion of the sale, the senior vice president now directly owns 14,839 shares in the company, valued at approximately $361,626.43. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Janet Oliver sold 9,354 shares of Vectrus stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $24.50, for a total transaction of $229,173.00. Following the sale, the senior vice president now owns 19,945 shares of the company’s stock, valued at $488,652.50. The disclosure for this sale can be found here.
Other hedge funds have made changes to their positions in the company. Russell Frank Co boosted its stake in shares of Vectrus by 31.0% in the fourth quarter. Russell Frank Co now owns 415,983 shares of the company’s stock valued at $8,922,000 after buying an additional 98,414 shares during the last quarter. 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 last quarter. 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 last quarter. Oxford Asset Management acquired a new stake in shares of Vectrus during the fourth quarter valued at approximately $2,205,000. Finally, 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 last quarter.
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.
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