VSE (NASDAQ:VSEC) CEO John Cuomo Sells 1,566 Shares of Stock

VSE Corporation (NASDAQ:VSEC) CEO John Cuomo sold 1,566 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $187.49, for a total value of $293,609.34. Following the completion of the transaction, the chief executive officer directly owned 167,971 shares in the company, valued at $31,492,882.79. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

VSE Trading Up 3.8%

Shares of NASDAQ:VSEC opened at $184.81 on Thursday. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31. VSE Corporation has a 52-week low of $154.67 and a 52-week high of $247.85. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 59.23, a PEG ratio of 0.73 and a beta of 1.24. The business has a 50-day moving average price of $209.05 and a 200-day moving average price of $200.51.

VSE (NASDAQ:VSEC) last issued its earnings results on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.82. VSE had a return on equity of 6.71% and a net margin of 6.17%.The firm had revenue of $449.14 million for the quarter, compared to analyst estimates of $425.03 million. During the same quarter in the prior year, the firm earned $0.97 earnings per share. VSE’s revenue for the quarter was up 65.0% on a year-over-year basis. Equities analysts predict that VSE Corporation will post 6.77 EPS for the current year.

VSE Announces Dividend

The firm also recently disclosed 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. This represents a $0.40 annualized dividend and a dividend 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

Several large investors have recently made changes to their positions in the company. WINTON GROUP Ltd acquired a new stake in VSE in the 2nd quarter valued at $2,545,000. Integrated Wealth Concepts LLC raised its position in shares of VSE by 5.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,119 shares of the construction company’s stock worth $1,170,000 after purchasing an additional 245 shares during the last quarter. Allworth Financial LP lifted its stake in VSE by 158.0% in the 2nd quarter. Allworth Financial LP now owns 129 shares of the construction company’s stock valued at $29,000 after buying an additional 79 shares in the last quarter. Nykredit A S purchased a new position in VSE in the 2nd quarter valued at about $177,000. Finally, Corient Private Wealth LP acquired a new stake in VSE in the 2nd quarter worth about $4,923,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. B. Riley Financial reissued a “buy” rating on shares of VSE in a report on Friday, August 7th. Royal Bank Of Canada upped their price target on shares of VSE from $240.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a $275.00 price target on shares of VSE in a research report on Sunday, August 9th. Morgan Stanley set a $230.00 price objective on VSE in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on VSE from $280.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.22.

VSE Company Profile

VSE Corporation (NASDAQ: VSEC) is a diversified provider of aftermarket distribution, logistics, maintenance, repair and overhaul, and engineering services. The company primarily serves the U.S. government, commercial aviation operators, aerospace manufacturers, and fleet customers through specialized operating businesses.

VSE’s Federal and Defense operations support the U.S. Department of Defense and other government agencies with supply-chain management, equipment sustainment, modernization, engineering, and logistics services.