Insider Buying: Vectrus (VEC) Director Purchases 5,000 Shares of Stock

Vectrus (NYSE:VEC) Director Louis J. Giuliano purchased 5,000 shares of the business’s stock in a transaction on Friday, May 11th. The stock was purchased at an average cost of $30.50 per share, with a total value of $152,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vectrus opened at $31.24 on Friday, according to MarketBeat.com. Vectrus has a 52-week low of $30.05 and a 52-week high of $30.25. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.38. The firm has a market cap of $340.89 million, a PE ratio of 14.40 and a beta of 1.62.

Vectrus (NYSE:VEC) last posted 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). Vectrus had a return on equity of 15.21% and a net margin of 5.15%. The company had revenue of $320.52 million for the quarter, compared to the consensus estimate of $309.29 million. equities analysts expect that Vectrus will post 3.1 EPS for the current year.

A number of analysts have recently issued reports on VEC shares. Noble Financial downgraded shares of Vectrus to a “hold” rating in a report on Thursday, March 8th. Zacks Investment Research raised shares of Vectrus from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a report on Tuesday, January 23rd. Drexel Hamilton downgraded shares of Vectrus from a “buy” rating to a “hold” rating in a report on Monday, March 5th. Finally, ValuEngine raised shares of Vectrus from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Vectrus currently has an average rating of “Hold” and an average target price of $34.50.

Several hedge funds and other institutional investors have recently bought and sold shares of VEC. Victory Capital Management Inc. bought a new stake in shares of Vectrus during the 1st quarter worth $184,000. Matarin Capital Management LLC bought a new stake in shares of Vectrus during the 1st quarter worth $210,000. Koch Industries Inc. bought a new stake in shares of Vectrus during the 1st quarter worth $212,000. Element Capital Management LLC bought a new stake in Vectrus in the first quarter worth $228,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Vectrus in the first quarter worth $257,000. 86.46% of the stock is owned by institutional investors.

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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