VSE Co. (NASDAQ:VSEC – Get Free Report) major shareholder Calvin Scott Koonce sold 9,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $89.90, for a total transaction of $836,070.00. Following the sale, the insider now owns 492,284 shares of the company’s stock, valued at approximately $44,256,331.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
VSE Trading Up 2.7 %
NASDAQ:VSEC traded up $2.43 during trading hours on Thursday, reaching $92.10. The company’s stock had a trading volume of 126,213 shares, compared to its average volume of 132,426. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 28.17 and a beta of 1.59. The firm has a 50-day simple moving average of $87.49 and a 200-day simple moving average of $81.10. VSE Co. has a 1 year low of $48.47 and a 1 year high of $94.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.17 and a current ratio of 3.53.
VSE (NASDAQ:VSEC – Get Free Report) last issued its earnings results on Wednesday, July 31st. The construction company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). VSE had a return on equity of 7.87% and a net margin of 1.21%. The business had revenue of $265.96 million during the quarter, compared to analysts’ expectations of $256.60 million. Research analysts expect that VSE Co. will post 3.06 EPS for the current fiscal year.
VSE Announces Dividend
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Stifel Nicolaus assumed coverage on shares of VSE in a report on Friday, June 28th. They issued a “buy” rating and a $101.00 price target for the company. Truist Financial raised their price target on shares of VSE from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Jefferies Financial Group initiated coverage on shares of VSE in a report on Wednesday, August 14th. They set a “buy” rating and a $100.00 price objective for the company. B. Riley lifted their price objective on shares of VSE from $91.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $100.00 price objective on shares of VSE in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $99.83.
Check Out Our Latest Analysis on VSE
Institutional Investors Weigh In On VSE
Several hedge funds have recently bought and sold shares of the business. Millrace Asset Group Inc. bought a new position in shares of VSE in the fourth quarter worth approximately $1,560,000. Russell Investments Group Ltd. increased its holdings in shares of VSE by 11.9% during the 1st quarter. Russell Investments Group Ltd. now owns 90,252 shares of the construction company’s stock valued at $7,220,000 after purchasing an additional 9,608 shares in the last quarter. Lisanti Capital Growth LLC purchased a new position in shares of VSE during the 1st quarter valued at approximately $3,566,000. Jennison Associates LLC increased its holdings in shares of VSE by 13.2% during the 1st quarter. Jennison Associates LLC now owns 561,397 shares of the construction company’s stock valued at $44,912,000 after purchasing an additional 65,495 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC purchased a new position in shares of VSE during the 1st quarter valued at approximately $3,072,000. Institutional investors own 91.54% of the company’s stock.
VSE Company Profile
VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.
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