VSE (NASDAQ:VSEC) COO Sells $1,279,330.00 in Stock

VSE Corporation (NASDAQ:VSEC) COO Benjamin Thomas sold 6,500 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the transaction, the chief operating officer directly owned 42,839 shares of the company’s stock, valued at $8,431,571.98. This represents a 13.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

VSE Stock Performance

Shares of VSEC traded up $2.97 on Friday, reaching $196.13. 527,381 shares of the stock traded hands, compared to its average volume of 598,528. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 82.76, a P/E/G ratio of 1.94 and a beta of 1.25. The stock’s 50-day moving average price is $187.30 and its 200-day moving average price is $191.81. VSE Corporation has a 12 month low of $123.69 and a 12 month high of $232.61. The company has a debt-to-equity ratio of 0.12, a current ratio of 8.78 and a quick ratio of 6.24.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Tuesday, May 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.24. VSE had a net margin of 4.95% and a return on equity of 6.56%. The firm had revenue of $324.58 million during the quarter, compared to analyst estimates of $309.19 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. Equities analysts forecast that VSE Corporation will post 4.3 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 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 16.88%.

Hedge Funds Weigh In On VSE

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised 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 valued at $45,000 after purchasing an additional 153 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in VSE by 17.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock worth $381,000 after acquiring an additional 323 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of VSE by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock worth $1,258,000 after purchasing an additional 470 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of VSE by 7.2% in the first quarter. Glenmede Trust Co. NA now owns 7,147 shares of the construction company’s stock valued at $1,318,000 after buying an additional 478 shares during the period. Finally, Handelsbanken Fonder AB increased its position in VSE by 47.4% during the 4th quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock valued at $968,000 after purchasing an additional 1,800 shares during the period. Institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings downgraded VSE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Stifel Nicolaus boosted their target price on VSE from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Royal Bank Of Canada increased their price target on VSE from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Truist Financial upgraded VSE to a “strong-buy” rating in a report on Friday, May 1st. Finally, Citigroup reduced their price target on VSE from $261.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $239.13.

About VSE

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.