Vectrus Inc. (VEC) Trading Down 18.2%
Shares of Vectrus Inc. (NYSE:VEC) fell 18.2% during trading on Thursday . The stock traded as low as $25.15 and last traded at $27.60, with a volume of 500,392 shares. The stock had previously closed at $33.74.
Separately, Zacks Investment Research lowered Vectrus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 24th.
The firm has a market cap of $288.72 million and a P/E ratio of 8.98. The stock has a 50-day moving average price of $31.86 and a 200 day moving average price of $25.46.
Vectrus (NYSE:VEC) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.02. The business earned $307.90 million during the quarter, compared to the consensus estimate of $295.65 million. During the same period last year, the business earned $0.56 earnings per share. Vectrus’s revenue was down .5% compared to the same quarter last year. Analysts forecast that Vectrus Inc. will post $2.29 EPS for the current fiscal year.
In other Vectrus news, SVP Kelvin Coppock sold 2,000 shares of Vectrus stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $32.54, for a total transaction of $65,080.00. Following the completion of the sale, the senior vice president now directly owns 6,792 shares of the company’s stock, valued at approximately $221,011.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
An institutional investor recently bought a new position in Vectrus stock. Ameriprise Financial Inc. purchased a new stake in shares of Vectrus Inc. (NYSE:VEC) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 98,167 shares of the company’s stock, valued at approximately $2,051,000. Ameriprise Financial Inc. owned about 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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