Vectrus Inc. (VEC) Hits New 52-Week High at $33.27
Vectrus Inc. (NYSE:VEC) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $33.27 and last traded at $33.00, with a volume of 81,862 shares changing hands. The stock had previously closed at $32.71.
Separately, Zacks Investment Research lowered Vectrus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 24th.
The stock has a market cap of $355.99 million and a P/E ratio of 11.07. The company’s 50 day moving average price is $31.57 and its 200 day moving average price is $25.07.
Vectrus (NYSE:VEC) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.02. During the same period last year, the firm earned $0.56 EPS. The firm earned $307.90 million during the quarter, compared to the consensus estimate of $295.65 million. The business’s revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that Vectrus Inc. will post $2.29 EPS for the current year.
In related 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 transaction, 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 filing with the SEC, which can be accessed through the SEC website.
An institutional investor recently raised its position in Vectrus stock. Dimensional Fund Advisors LP increased its stake in Vectrus Inc. (NYSE:VEC) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,040 shares of the company’s stock after buying an additional 3,020 shares during the period. Dimensional Fund Advisors LP owned 1.36% of Vectrus worth $3,009,000 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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