Key Points
- CEO John Cuomo sold 17,500 VSE shares at an average price of $242.49, generating approximately $4.24 million and reducing his direct ownership by 9.36% to 169,537 shares.
- VSE reported strong quarterly results, with EPS of $1.75 versus the $0.93 analyst consensus and revenue of $449.14 million, up 65% year over year.
- Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $252.22; shares opened at $230.42 after falling 2.2%.
VSE Corporation (NASDAQ:VSEC - Get Free Report) CEO John Cuomo sold 17,500 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 169,537 shares of the company's stock, valued at $41,111,027.13. The trade was a 9.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
VSE Trading Down 2.2%
Shares of VSEC opened at $230.42 on Thursday. VSE Corporation has a 1-year low of $154.67 and a 1-year high of $247.85. The company has a market capitalization of $6.47 billion, a P/E ratio of 73.85, a P/E/G ratio of 1.13 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.77 and a quick ratio of 1.30. The firm's 50 day simple moving average is $214.07 and its 200 day simple moving average is $201.28.
VSE (NASDAQ:VSEC - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.82. The business had revenue of $449.14 million during the quarter, compared to analysts' expectations of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. The business's quarterly revenue was up 65.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. Sell-side analysts forecast that VSE Corporation will post 5.78 earnings per share for the current fiscal year.
VSE Dividend Announcement
The business 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 $0.10 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.40 annualized dividend and a yield of 0.2%. VSE's payout ratio is 12.82%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on VSEC. Citigroup lifted their price target on VSE from $263.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Stifel Nicolaus raised their price objective on VSE from $245.00 to $260.00 and gave the company a "buy" rating in a report on Monday, August 10th. Morgan Stanley set a $230.00 target price on VSE in a research report on Wednesday, July 15th. Royal Bank Of Canada upped their target price on VSE from $240.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Finally, B. Riley Financial reaffirmed a "buy" rating on shares of VSE in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $252.22.
View Our Latest Analysis on VSEC
Institutional Investors Weigh In On VSE
Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new position in shares of VSE during the second quarter valued at approximately $25,000. Allworth Financial LP purchased a new stake in VSE in the second quarter worth $29,000. Transamerica Financial Advisors LLC bought a new stake in VSE in the second quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its holdings 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 in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in VSE during the 2nd quarter valued at $51,000. 91.54% of the stock is currently owned by institutional investors.
VSE Company Profile
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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.
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