VSE (NASDAQ:VSEC) CEO Sells $293,609.34 in Stock

VSE Corporation (NASDAQ:VSEC) CEO John Cuomo sold 1,566 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $187.49, for a total value of $293,609.34. Following the sale, the chief executive officer owned 167,971 shares in the company, valued at $31,492,882.79. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

VSE Price Performance

Shares of VSE stock traded up $6.73 on Wednesday, hitting $184.81. The company’s stock had a trading volume of 529,445 shares, compared to its average volume of 538,158. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 59.23, a price-to-earnings-growth ratio of 0.77 and a beta of 1.24. VSE Corporation has a 1 year low of $154.67 and a 1 year high of $247.85. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 3.77. The firm has a fifty day moving average price of $209.49 and a 200-day moving average price of $200.80.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.82. VSE had a return on equity of 6.71% and a net margin of 6.17%.The company had revenue of $449.14 million for the quarter, compared to the consensus estimate of $425.03 million. During the same quarter in the prior year, the business posted $0.97 earnings per share. VSE’s revenue for the quarter was up 65.0% on a year-over-year basis. As a group, sell-side analysts anticipate that VSE Corporation will post 6.77 earnings per share for the current fiscal year.

VSE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. VSE’s dividend payout ratio (DPR) is 12.82%.

Institutional Investors Weigh In On VSE

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of VSE during the second quarter worth $25,000. Allworth Financial LP purchased a new position in shares of VSE in the second quarter worth about $29,000. Transamerica Financial Advisors LLC purchased a new position in shares of VSE in the second quarter worth about $32,000. Global Retirement Partners LLC acquired a new position in VSE during the second quarter worth about $51,000. Finally, EverSource Wealth Advisors LLC boosted its position in VSE by 145.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VSEC. Stifel Nicolaus boosted their price target on shares of VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Zacks Research downgraded shares of VSE from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Citigroup lifted their target price on shares of VSE from $263.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Weiss Ratings raised shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $275.00 target price on shares of VSE in a research note on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, VSE has a consensus rating of “Moderate Buy” and a consensus target price of $252.22.

VSE Company Profile

VSE Corporation (NASDAQ: VSEC) is a diversified provider of aftermarket distribution, logistics, maintenance, repair and overhaul, and engineering services. The company primarily serves the U.S. government, commercial aviation operators, aerospace manufacturers, and fleet customers through specialized operating businesses.

VSE’s Federal and Defense operations support the U.S. Department of Defense and other government agencies with supply-chain management, equipment sustainment, modernization, engineering, and logistics services.