Vectrus Inc. (VEC) Reaches New 52-Week High at $31.30
Shares of Vectrus Inc. (NYSE:VEC) hit a new 52-week high on Monday . The company traded as high as $31.30 and last traded at $30.69, with a volume of 26,338 shares traded. The stock had previously closed at $31.25.
A number of analysts recently weighed in on VEC shares. TheStreet upgraded shares of Vectrus from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Zacks Investment Research cut shares of Vectrus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 24th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $25.00.
The stock has a market capitalization of $328.70 million and a P/E ratio of 10.24. The company has a 50 day moving average of $27.32 and a 200-day moving average of $22.51.
Vectrus (NYSE:VEC) last posted 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. During the same period in the previous year, the firm posted $0.47 earnings per share. The firm had revenue of $310.70 million for the quarter, compared to analyst estimates of $284.15 million. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. On average, equities analysts expect that Vectrus Inc. will post $2.27 earnings per share for the current fiscal year.
In other news, SVP Kelvin Coppock sold 6,047 shares of the business’s stock in a transaction 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 transaction, the senior vice president now directly owns 14,839 shares of the company’s stock, valued at $361,626.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Janet Oliver sold 9,354 shares of the business’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 transaction, the senior vice president now directly owns 19,945 shares in the company, valued at $488,652.50. The disclosure for this sale can be found here.
Other hedge funds recently modified their holdings of the company. Dimensional Fund Advisors LP raised 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 worth $3,009,000 after buying an additional 3,020 shares during the period. LSV Asset Management raised 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 worth $5,482,000 after buying an additional 10,549 shares during the period. American Century Companies Inc. raised 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 worth $1,149,000 after buying an additional 42,000 shares during the period. Cornerstone Capital Management Holdings LLC. raised 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 worth $1,141,000 after buying an additional 45,419 shares during the period. Finally, Russell Frank Co raised 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 worth $8,922,000 after buying an additional 98,414 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.