Anita D. Britt Sells 2,869 Shares of VSE Co. (NASDAQ:VSEC) Stock

VSE Co. (NASDAQ:VSEC) Director Anita D. Britt sold 2,869 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $129.38, for a total transaction of $371,191.22. Following the transaction, the director now directly owns 3,837 shares in the company, valued at approximately $496,431.06. The trade was a 42.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

VSE Stock Up 0.8%

VSE stock opened at $132.54 on Wednesday. The stock’s 50 day moving average price is $116.64 and its 200 day moving average price is $109.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The company has a market cap of $2.74 billion, a PE ratio of 165.68 and a beta of 1.34. VSE Co. has a 1-year low of $73.36 and a 1-year high of $136.00.

VSE (NASDAQ:VSEC) last posted its earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.23. VSE had a return on equity of 7.26% and a net margin of 1.36%. The company had revenue of $256.05 million for the quarter, compared to the consensus estimate of $248.20 million. During the same period in the previous year, the business earned $0.45 earnings per share. VSE’s quarterly revenue was up 57.6% compared to the same quarter last year. On average, sell-side analysts predict that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. VSE’s dividend payout ratio (DPR) is currently 50.00%.

Analysts Set New Price Targets

VSEC has been the topic of several recent analyst reports. Truist Financial upped their price target on VSE from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. StockNews.com raised shares of VSE to a “sell” rating in a report on Thursday, March 6th. B. Riley upped their price objective on shares of VSE from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, Royal Bank of Canada lifted their price target on VSE from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.17.

Hedge Funds Weigh In On VSE

Institutional investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its stake in shares of VSE by 52.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company’s stock valued at $192,689,000 after purchasing an additional 698,642 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of VSE by 100.5% in the 1st quarter. Neuberger Berman Group LLC now owns 755,461 shares of the construction company’s stock valued at $90,648,000 after purchasing an additional 378,661 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of VSE during the fourth quarter worth about $31,692,000. Ameriprise Financial Inc. raised its position in shares of VSE by 63.4% during the 4th quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company’s stock valued at $68,115,000 after acquiring an additional 277,971 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of VSE by 16.8% during the 4th quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company’s stock valued at $170,616,000 after buying an additional 258,674 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

About VSE

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.