Vectrus Inc (NYSE:VEC) has received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $34.50.
A number of analysts recently issued reports on VEC shares. Noble Financial cut Vectrus to a “hold” rating in a research report on Thursday, March 8th. Drexel Hamilton lowered Vectrus from a “buy” rating to a “hold” rating in a report on Monday, March 5th. ValuEngine lowered Vectrus from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Finally, Zacks Investment Research lowered Vectrus from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 3rd.
VEC traded down $0.90 during trading on Friday, reaching $32.01. 70,600 shares of the stock traded hands, compared to its average volume of 94,854. The stock has a market cap of $366.81 million, a price-to-earnings ratio of 15.10 and a beta of 1.55. Vectrus has a fifty-two week low of $25.17 and a fifty-two week high of $41.48. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.38.
Vectrus (NYSE:VEC) last released its quarterly earnings data on Tuesday, May 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The firm had revenue of $320.52 million for the quarter, compared to analyst estimates of $309.29 million. Vectrus had a net margin of 5.15% and a return on equity of 15.21%. sell-side analysts forecast that Vectrus will post 3.1 earnings per share for the current fiscal year.
In related news, Director Mary L. Howell bought 2,500 shares of the business’s stock in a transaction on Monday, May 14th. The shares were bought at an average cost of $30.05 per share, for a total transaction of $75,125.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Phillip Widman acquired 10,000 shares of the company’s stock in a transaction dated Monday, May 21st. The stock was acquired at an average price of $31.21 per share, for a total transaction of $312,100.00. Following the completion of the purchase, the director now directly owns 11,002 shares of the company’s stock, valued at approximately $343,372.42. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 21,000 shares of company stock worth $647,515. Corporate insiders own 2.80% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. bought a new position in shares of Vectrus in the first quarter worth about $184,000. Matarin Capital Management LLC bought a new position in shares of Vectrus in the first quarter worth about $210,000. Koch Industries Inc. bought a new position in shares of Vectrus in the first quarter worth about $212,000. Element Capital Management LLC bought a new position in shares of Vectrus in the first quarter worth about $228,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Vectrus in the first quarter worth about $257,000. Institutional investors and hedge funds own 88.56% of the company’s stock.
Vectrus Company Profile
Vectrus, Inc provides facility and logistics, and information technology and network communication services to the U.S. government worldwide. It offers facility and logistics services, such as airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations, warehouse management and distribution, and equipment maintenance, repair, and services for U.S.
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