Vectrus Inc. (VEC) Stock Price Up 4.4%
Shares of Vectrus Inc. (NYSE:VEC) rose 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. The stock had previously closed at $32.89.
Separately, Zacks Investment Research lowered shares of Vectrus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 24th.
The firm has a market capitalization of $370.79 million and a PE ratio of 11.54. The stock’s 50-day moving average is $31.65 and its 200-day moving average is $25.28.
Vectrus (NYSE:VEC) last announced its earnings results on Tuesday, August 9th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.02. During the same quarter last year, the company earned $0.56 EPS. The firm had revenue of $307.90 million for the quarter, compared to analysts’ expectations of $295.65 million. The company’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts predict that Vectrus Inc. will post $2.29 EPS for the current fiscal year.
In other news, SVP Kelvin Coppock sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $32.54, for a total transaction of $65,080.00. Following the sale, the senior vice president now directly owns 6,792 shares in the company, valued at approximately $221,011.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A hedge fund recently bought a new stake in Vectrus stock. Ameriprise Financial Inc. bought a new stake in shares of Vectrus Inc. (NYSE:VEC) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 98,167 shares of the company’s stock, valued at approximately $2,051,000. Ameriprise Financial Inc. owned 0.93% of Vectrus as of its most recent filing with the SEC.
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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