VSE Co. (NASDAQ:VSEC) Major Shareholder Calvin Scott Koonce Sells 9,300 Shares

VSE Co. (NASDAQ:VSEC) 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) 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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Wednesday, November 6th.

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.

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.