Key Points
- VSE COO Benjamin Thomas sold 6,500 shares on June 12 at an average price of $196.82, totaling about $1.28 million. After the sale, he still held 42,839 shares, reducing his ownership by 13.17%.
- VSE shares were up 1.5% and opened at $196.13, near the company’s recent trading range of $123.69 to $232.61. The stock has a market cap of about $5.5 billion and a high valuation, with a P/E ratio of 82.76.
- The company recently beat earnings expectations, reporting $1.17 EPS versus the expected $0.93 and revenue of $324.58 million, up 26.8% year over year. VSE also announced a quarterly dividend of $0.10 per share, payable July 29.
VSE Corporation (NASDAQ:VSEC - Get Free Report) COO Benjamin Thomas sold 6,500 shares of the company's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $196.82, for a total value of $1,279,330.00. Following the sale, the chief operating officer directly owned 42,839 shares of the company's stock, valued at approximately $8,431,571.98. This represents a 13.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
VSE Trading Up 1.5%
Shares of NASDAQ VSEC opened at $196.13 on Friday. VSE Corporation has a 12 month low of $123.69 and a 12 month high of $232.61. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 82.76, a P/E/G ratio of 2.16 and a beta of 1.25. The company has a quick ratio of 6.24, a current ratio of 8.78 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $187.39 and a 200-day simple moving average of $191.84.
VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The construction company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.24. The firm had revenue of $324.58 million for the quarter, compared to analyst estimates of $309.19 million. VSE had a return on equity of 6.56% and a net margin of 4.95%.VSE's quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 earnings per share. Sell-side analysts predict that VSE Corporation will post 4.3 EPS for the current year.
VSE Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th. VSE's payout ratio is presently 16.88%.
Institutional Trading of VSE
Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings 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 worth $45,000 after buying an additional 153 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of VSE in the 1st quarter worth approximately $247,000. Ellevest Inc. acquired a new position in shares of VSE in the 4th quarter worth approximately $323,000. Farther Finance Advisors LLC raised its holdings in shares of VSE by 17.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company's stock worth $381,000 after buying an additional 323 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of VSE by 47.4% in the 4th quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company's stock worth $968,000 after buying an additional 1,800 shares in the last quarter. Institutional investors own 91.54% of the company's stock.
Analyst Ratings Changes
VSEC has been the topic of several research reports. Stifel Nicolaus upped their target price on VSE from $250.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Weiss Ratings downgraded VSE from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, May 26th. Jefferies Financial Group restated a "buy" rating and set a $245.00 target price on shares of VSE in a research note on Sunday, May 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $268.00 target price on shares of VSE in a research note on Thursday, May 7th. Finally, Truist Financial upgraded VSE to a "strong-buy" rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, VSE has an average rating of "Moderate Buy" and an average target price of $239.13.
Read Our Latest Stock Analysis on VSEC
VSE Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
