VSE (NASDAQ:VSEC) Reaches New 1-Year Low – Here’s What Happened

VSE Corporation (NASDAQ:VSEC) reached a new 52-week low on Thursday. The stock traded as low as $152.34 and last traded at $156.0360, with a volume of 103,079 shares changing hands. The stock had previously closed at $158.65.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a $275.00 price target on shares of VSE in a research report on Sunday, August 9th. Guggenheim began coverage on shares of VSE in a report on Monday, September 14th. They issued a “neutral” rating for the company. Stifel Nicolaus lifted their price target on shares of VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Morgan Stanley set a $230.00 price target on shares of VSE in a report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $260.00.

VSE Trading Down 0.8%

The stock has a fifty day moving average of $196.91 and a 200-day moving average of $196.55. 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 company has a market cap of $4.42 billion, a PE ratio of 50.59, a PEG ratio of 0.67 and a beta of 1.27.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, beating the consensus estimate of $0.93 by $0.82. The company had revenue of $449.14 million for the quarter, compared to the consensus estimate of $425.03 million. VSE had a return on equity of 6.71% and a net margin of 6.17%. VSE’s quarterly revenue was up 65.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 EPS. Sell-side analysts anticipate that VSE Corporation will post 6.75 EPS for the current fiscal year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 15th will be issued 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 yield of 0.3%. VSE’s dividend payout ratio (DPR) is presently 12.82%.

Insider Transactions at VSE

In other VSE news, CEO John Cuomo sold 1,566 shares of the company’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 transaction, the chief executive officer directly owned 167,971 shares in the company, valued at $31,492,882.79. This represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of VSE

A number of large investors have recently modified their holdings of the company. Contravisory Investment Management Inc. increased its holdings in VSE by 10.5% during the 3rd quarter. Contravisory Investment Management Inc. now owns 2,094 shares of the construction company’s stock worth $345,000 after purchasing an additional 199 shares during the period. Insight Wealth Strategies LLC purchased a new stake in shares of VSE in the 3rd quarter worth $4,299,000. GAMMA Investing LLC lifted its holdings in shares of VSE by 92.4% in the 3rd quarter. GAMMA Investing LLC now owns 531 shares of the construction company’s stock worth $87,000 after buying an additional 255 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of VSE by 5.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,764 shares of the construction company’s stock worth $291,000 after buying an additional 90 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of VSE during the 2nd quarter worth $2,545,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

About VSE

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, engineering and logistics services. The company serves U.S. government agencies, defense organizations and commercial customers through specialized operating businesses focused on aviation, fleet management and federal services.

VSE Aviation distributes aircraft parts and related products and provides maintenance, repair and overhaul services for engines, components and other aviation systems. Its Fleet segment supports vehicle lifecycle management by supplying parts and providing maintenance, engineering and logistics services for government and commercial fleets.