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

VSE Corporation (NASDAQ:VSEC) CEO John Cuomo sold 17,500 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 169,537 shares in the company, valued at $41,111,027.13. This trade represents a 9.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

VSE Price Performance

Shares of VSE stock opened at $214.51 on Friday. The business’s fifty day moving average price is $214.50 and its 200 day moving average price is $201.25. VSE Corporation has a twelve month low of $154.67 and a twelve month high of $247.85. 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 stock has a market capitalization of $6.02 billion, a P/E ratio of 68.75, a PEG ratio of 1.10 and a beta of 1.23.

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

VSE Announces Dividend

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

Hedge Funds Weigh In On VSE

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of VSE during the second quarter worth $25,000. Allworth Financial LP acquired a new stake in VSE during the second quarter worth about $29,000. GAMMA Investing LLC lifted its holdings in VSE by 89.0% in the second quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $63,000 after acquiring an additional 130 shares during the last quarter. Transamerica Financial Advisors LLC bought a new position in VSE in the second quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 153 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on VSEC. Zacks Research cut shares of VSE from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Royal Bank Of Canada raised their target price on shares of VSE from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Citigroup lifted their target price on shares of VSE from $263.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Weiss Ratings upgraded shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Finally, Morgan Stanley set a $230.00 price target on VSE in a report on Wednesday, July 15th. One research 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. According to data from MarketBeat.com, VSE presently has a consensus rating of “Moderate Buy” and an average price target 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.