Vectrus Inc. (VEC) Stock Price Up 1.7%
Vectrus Inc. (NYSE:VEC) shot up 1.7% on Tuesday . The company traded as high as $31.16 and last traded at $31.11, with a volume of 56,474 shares traded. The stock had previously closed at $30.60.
A number of research firms recently weighed in on VEC. Zacks Investment Research lowered shares of Vectrus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 24th. TheStreet upgraded shares of Vectrus from a “sell” rating to a “hold” rating in a report on Wednesday, April 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Vectrus presently has an average rating of “Hold” and an average target price of $25.00.
The stock has a market capitalization of $332.01 million and a PE ratio of 10.34. The company’s 50 day moving average is $27.59 and its 200-day moving average is $22.66.
Vectrus (NYSE:VEC) last posted its earnings results on Tuesday, May 10th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. During the same period last year, the business posted $0.47 EPS. The business had revenue of $310.70 million for the quarter, compared to analysts’ expectations of $284.15 million. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. Equities research analysts forecast that Vectrus Inc. will post $2.27 earnings per share for the current year.
In other Vectrus news, SVP Kelvin Coppock sold 13,758 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $24.38, for a total transaction of $335,420.04. Following the transaction, the senior vice president now owns 13,397 shares of the company’s stock, valued at approximately $326,618.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Janet Oliver sold 9,354 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were 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 approximately $488,652.50. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in 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. Cornerstone Capital Management Holdings LLC. increased its position in 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. American Century Companies Inc. increased its position in 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. Finally, Russell Frank Co increased its position in 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.
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