VSE (NASDAQ:VSEC) CEO Sells $4,243,575.00 in Stock

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

VSE Stock Up 1.4%

VSEC stock opened at $217.58 on Friday. The company has a current ratio of 3.77, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $214.92 and a two-hundred day moving average of $201.36. VSE Corporation has a 12 month low of $154.67 and a 12 month high of $247.85. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 69.74, a PEG ratio of 1.03 and a beta of 1.23.

VSE (NASDAQ:VSEC) last issued its earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.82. The business had revenue of $449.14 million for the quarter, compared to analysts’ expectations of $425.03 million. VSE had a return on equity of 6.71% and a net margin of 6.17%.The business’s revenue for the quarter was up 65.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. As a group, analysts forecast that VSE Corporation will post 5.78 earnings per share for the current fiscal year.

VSE Announces Dividend

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

Institutional Investors Weigh In On VSE

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of VSE in the 2nd quarter worth approximately $25,000. Allworth Financial LP acquired a new stake in VSE in the 2nd quarter valued at approximately $29,000. Transamerica Financial Advisors LLC purchased a new stake in VSE in the second quarter valued at approximately $32,000. Global Retirement Partners LLC purchased a new stake in VSE in the second quarter valued at approximately $51,000. Finally, EverSource Wealth Advisors LLC raised its position in VSE by 145.7% in 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 during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $275.00 target price on shares of VSE in a research note on Sunday, August 9th. B. Riley Financial reissued a “buy” rating on shares of VSE in a research report on Friday, August 7th. Zacks Research lowered shares of VSE from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Finally, Citigroup lifted their target price on shares of VSE from $263.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $252.22.

VSE Company Profile

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.