Vectrus Inc. (VEC) Sets New 12-Month High at $31.85
Shares of Vectrus Inc. (NYSE:VEC) hit a new 52-week high on Monday . The stock traded as high as $31.85 and last traded at $31.33, with a volume of 39,072 shares. The stock had previously closed at $31.15.
Several brokerages have recently weighed in on VEC. Zacks Investment Research downgraded shares of Vectrus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 24th. TheStreet upgraded shares of Vectrus from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th.
The company’s 50 day moving average is $28.82 and its 200-day moving average is $23.24. The firm has a market capitalization of $333.82 million and a PE ratio of 10.40.
Vectrus (NYSE:VEC) last posted its earnings results on Tuesday, May 10th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. The business had revenue of $310.70 million for the quarter, compared to analyst estimates of $284.15 million. During the same period last year, the company posted $0.47 EPS. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. Analysts forecast that Vectrus Inc. will post $2.27 earnings per share for the current year.
In related news, SVP Janet Oliver sold 9,354 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $24.50, for a total transaction of $229,173.00. Following the completion of the sale, the senior vice president now owns 19,945 shares of the company’s stock, valued at approximately $488,652.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kelvin Coppock sold 6,047 shares of the stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $24.37, for a total transaction of $147,365.39. Following the sale, the senior vice president now directly owns 14,839 shares of the company’s stock, valued at approximately $361,626.43. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Vectrus stock. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Vectrus Inc. (NYSE:VEC) by 493.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 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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