Vectrus Inc. (VEC) Trading Up 4.4%
Vectrus Inc. (NYSE:VEC)’s share price was up 4.4% during trading on Tuesday . The stock traded as high as $34.47 and last traded at $34.35, with a volume of 155,327 shares trading hands. The stock had previously closed at $32.89.
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 50-day moving average of $31.86 and a 200 day moving average of $25.46. The firm has a market capitalization of $362.00 million and a price-to-earnings ratio of 11.26.
Vectrus (NYSE:VEC) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $307.90 million for the quarter, compared to analysts’ expectations of $295.65 million. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share. 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 that occurred on Thursday, August 18th. The shares were sold at an average price of $32.54, for a total value of $65,080.00. Following the completion of the sale, the senior vice president now owns 6,792 shares of the company’s stock, valued at $221,011.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
A hedge fund recently bought a new stake in Vectrus stock. Ameriprise Financial Inc. purchased a new position in shares of Vectrus Inc. (NYSE:VEC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 98,167 shares of the company’s stock, valued at approximately $2,051,000. Ameriprise Financial Inc. owned approximately 0.93% of Vectrus at the end of the most recent reporting 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.
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