VSE (NASDAQ:VSEC) CEO John Cuomo Sells 17,500 Shares of Stock

VSE Corporation (NASDAQ:VSEC) CEO John Cuomo sold 17,500 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $242.49, for a total value of $4,243,575.00. Following the transaction, the chief executive officer directly owned 169,537 shares in the company, valued at approximately $41,111,027.13. The trade was a 9.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

VSE Stock Down 2.2%

Shares of VSEC stock traded down $5.11 on Wednesday, hitting $230.42. The stock had a trading volume of 303,278 shares, compared to its average volume of 564,654. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 3.77. VSE Corporation has a 52-week low of $154.67 and a 52-week high of $247.85. The stock’s 50 day moving average is $212.92 and its 200-day moving average is $201.19. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 73.85, a P/E/G ratio of 1.34 and a beta of 1.23.

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, beating the consensus estimate 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 period last year, the business posted $0.97 earnings per share. The firm’s revenue was up 65.0% compared to the same quarter last year. As a group, research analysts expect that VSE Corporation will post 5.78 earnings per share for the current year.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend 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 is presently 12.82%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on VSE from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. B. Riley Financial reissued a “buy” rating on shares of VSE in a research note on Friday, August 7th. Truist Financial upgraded shares of VSE to a “strong-buy” rating in a research note on Friday, May 1st. Citigroup raised their target price on shares of VSE from $263.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Zacks Research downgraded shares of VSE from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.22.

Institutional Investors Weigh In On VSE

Several hedge funds and other institutional investors have recently modified their holdings of VSEC. Public Employees Retirement System of Ohio acquired a new stake in VSE in the second quarter valued at approximately $25,000. Allworth Financial LP acquired a new stake in shares of VSE during the second quarter worth $29,000. GAMMA Investing LLC boosted its stake in shares of VSE by 89.0% during the 2nd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $63,000 after acquiring an additional 130 shares in the last quarter. Transamerica Financial Advisors LLC bought a new position in VSE in the second quarter worth $32,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of VSE by 145.7% in the 4th 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 during the last quarter. Institutional investors own 91.54% of the company’s stock.

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.