Vectrus Inc. (VEC) Shares Up 1.8%
Shares of Vectrus Inc. (NYSE:VEC) shot up 1.8% on Tuesday . The stock traded as high as $32.68 and last traded at $32.68, with a volume of 50,911 shares traded. The stock had previously closed at $32.11.
Separately, Zacks Investment Research downgraded shares of Vectrus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 24th.
The company has a market cap of $350.09 million and a P/E ratio of 10.89. The firm has a 50 day moving average of $30.71 and a 200-day moving average of $24.34.
Vectrus (NYSE:VEC) last announced its earnings results on Tuesday, August 9th. The company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.02. During the same period in the previous year, the business posted $0.56 earnings per share. The business had revenue of $307.90 million for the quarter, compared to the consensus estimate of $295.65 million. Vectrus’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts expect that Vectrus Inc. will post $2.27 earnings per share for the current year.
In other news, SVP Kelvin Coppock sold 6,047 shares of the stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $24.37, for a total transaction of $147,365.39. Following the sale, the senior vice president now owns 14,839 shares of the company’s stock, valued at $361,626.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A hedge fund recently raised its stake in Vectrus stock. Cornerstone Capital Management Holdings LLC. raised its stake in Vectrus Inc. (NYSE:VEC) by 493.7% during the fourth quarter, according to its most recent 13F filing with the 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 approximately 0.52% of Vectrus worth $1,141,000 as of its most recent SEC filing.
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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