Key Points
- VSE CEO John Cuomo sold 1,566 shares at an average price of $187.49, generating proceeds of approximately $293,609. Following the sale, he retained 167,971 shares valued at about $31.5 million.
- VSE reported strong quarterly results, with earnings of $1.75 per share and revenue of $449.14 million, exceeding analyst estimates; revenue increased 65% year over year.
- Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $252.22. VSE also declared a quarterly dividend of $0.10 per share.
VSE Corporation (NASDAQ:VSEC - Get Free Report) CEO John Cuomo sold 1,566 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $31,492,882.79. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
VSE Stock Up 3.8%
Shares of NASDAQ VSEC opened at $184.81 on Thursday. VSE Corporation has a 12-month low of $154.67 and a 12-month high of $247.85. The stock has a market cap of $5.19 billion, a PE ratio of 59.23, a P/E/G ratio of 0.73 and a beta of 1.24. 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 company has a 50-day moving average of $209.05 and a 200 day moving average of $200.51.
VSE (NASDAQ:VSEC - Get Free Report) last released its earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.82. The business had revenue of $449.14 million for the quarter, compared to analyst estimates of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. The business's revenue was up 65.0% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. As a group, sell-side analysts predict that VSE Corporation will post 6.77 EPS for the current fiscal year.
VSE Dividend Announcement
The business also recently disclosed 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. The ex-dividend date is Thursday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. VSE's dividend payout ratio (DPR) is presently 12.82%.
Institutional Investors Weigh In On VSE
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Emerald Advisers LLC lifted its stake in shares of VSE by 12.6% in the 1st quarter. Emerald Advisers LLC now owns 314,789 shares of the construction company's stock valued at $58,047,000 after purchasing an additional 35,246 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its position in shares of VSE by 16.4% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 195,915 shares of the construction company's stock worth $36,127,000 after purchasing an additional 27,563 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in VSE in the 2nd quarter valued at about $44,103,000. American Capital Management Inc. purchased a new stake in VSE in the 2nd quarter valued at about $29,461,000. Finally, Bamco Inc. NY acquired a new position in VSE in the second quarter valued at about $22,888,000. Institutional investors and hedge funds own 91.54% of the company's stock.
Analyst Upgrades and Downgrades
VSEC has been the subject of several analyst reports. Jefferies Financial Group restated a "buy" rating and issued a $275.00 target price on shares of VSE in a report on Sunday, August 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of VSE from $280.00 to $290.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. Royal Bank Of Canada upped their price objective on shares of VSE from $240.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, August 7th. B. Riley Financial restated a "buy" rating on shares of VSE in a research report on Friday, August 7th. Finally, Guggenheim initiated coverage on shares of VSE in a research note on Monday. They set a "neutral" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $252.22.
Get Our Latest Stock Analysis on VSE
About VSE
(
Get Free Report)
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.
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