Vectrus Inc. (VEC) Sets New 1-Year High at $33.27
Vectrus Inc. (NYSE:VEC)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $33.27 and last traded at $33.00, with a volume of 81,862 shares trading hands. The stock had previously closed at $32.71.
Separately, Zacks Investment Research downgraded shares of Vectrus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 24th.
The company’s 50-day moving average is $31.44 and its 200-day moving average is $24.96. The company has a market cap of $354.06 million and a PE ratio of 11.01.
Vectrus (NYSE:VEC) last announced its earnings results on Tuesday, August 9th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.02. During the same period in the previous year, the company posted $0.56 earnings per share. The firm earned $307.90 million during the quarter, compared to analysts’ expectations of $295.65 million. Vectrus’s revenue was down .5% on a year-over-year basis. Analysts predict that Vectrus Inc. will post $2.29 EPS for the current year.
In other news, SVP Kelvin Coppock sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $32.54, for a total transaction of $65,080.00. Following the completion of the sale, the senior vice president now directly owns 6,792 shares of the company’s stock, valued at approximately $221,011.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
An institutional investor recently raised its position in Vectrus stock. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Vectrus Inc. (NYSE:VEC) by 493.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,619 shares of the company’s stock after buying an additional 45,419 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.52% of Vectrus worth $1,141,000 at the end of the most recent 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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