Investment analysts at Stifel Nicolaus assumed coverage on shares of Vectrus Inc. (NYSE:VEC) in a report released on Thursday, The Fly reports. The brokerage set a “hold” rating on the stock.
Vectrus (NYSE:VEC) traded down 1.14% on Thursday, hitting $27.63. 83,132 shares of the stock were exchanged. The company has a 50-day moving average price of $29.88 and a 200-day moving average price of $26.58. The firm has a market cap of $296.44 million, a PE ratio of 9.22 and a beta of 1.85. Vectrus has a 52-week low of $17.25 and a 52-week high of $34.98.
Vectrus (NYSE:VEC) last announced its quarterly earnings data 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. Vectrus had a net margin of 2.66% and a return on equity of 27.52%. The firm earned $307.90 million during the quarter, compared to the consensus estimate of $295.65 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The company’s revenue was down .5% on a year-over-year basis. On average, equities research analysts anticipate that Vectrus will post $2.29 EPS for the current fiscal year.
In related news, SVP Kelvin Coppock sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $32.54, for a total value 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. AJO LP bought a new position in Vectrus during the second quarter worth $201,000. Dimensional Fund Advisors LP raised its position in Vectrus by 27.0% in the second quarter. Dimensional Fund Advisors LP now owns 230,332 shares of the company’s stock worth $6,562,000 after buying an additional 49,014 shares during the last quarter. Oak Associates Ltd. OH raised its position in Vectrus by 1.1% in the second quarter. Oak Associates Ltd. OH now owns 111,801 shares of the company’s stock worth $3,185,000 after buying an additional 1,200 shares during the last quarter. SECOR Capital Advisors LP raised its position in Vectrus by 59.3% in the second quarter. SECOR Capital Advisors LP now owns 40,590 shares of the company’s stock worth $1,156,000 after buying an additional 15,102 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in Vectrus by 46.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,534 shares of the company’s stock worth $585,000 after buying an additional 6,533 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.
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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