VSE Co. (NASDAQ:VSEC) Director Sells $371,191.22 in Stock

VSE Co. (NASDAQ:VSEC) Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $129.38, for a total transaction of $371,191.22. Following the sale, the director now owns 3,837 shares in the company, valued at approximately $496,431.06. This represents a 42.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

VSE Stock Performance

NASDAQ:VSEC opened at $132.54 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The firm’s 50-day moving average is $116.64 and its 200-day moving average is $109.83. VSE Co. has a 52-week low of $73.36 and a 52-week high of $136.00. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 165.68 and a beta of 1.34.

VSE (NASDAQ:VSEC) last issued its earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.23. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business had revenue of $256.05 million for the quarter, compared to analyst estimates of $248.20 million. During the same period in the previous year, the business earned $0.45 EPS. The firm’s revenue was up 57.6% on a year-over-year basis. Equities research analysts anticipate that VSE Co. will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Wednesday, July 16th. VSE’s payout ratio is 50.00%.

Analyst Ratings Changes

VSEC has been the subject of a number of research reports. Truist Financial increased their price target on VSE from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. StockNews.com raised VSE to a “sell” rating in a research report on Thursday, March 6th. B. Riley increased their target price on shares of VSE from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Royal Bank of Canada boosted their price target on VSE from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.17.

Institutional Trading of VSE

Several large investors have recently added to or reduced their stakes in VSEC. Barclays PLC grew its holdings in VSE by 711.2% during the 3rd quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock worth $3,374,000 after acquiring an additional 35,744 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of VSE during the fourth quarter worth $493,000. JPMorgan Chase & Co. lifted its stake in VSE by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company’s stock valued at $581,000 after buying an additional 1,058 shares during the period. Legal & General Group Plc grew its position in shares of VSE by 3.2% during the 4th quarter. Legal & General Group Plc now owns 15,955 shares of the construction company’s stock worth $1,517,000 after buying an additional 490 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in VSE by 32.5% during the 4th quarter. Park Avenue Securities LLC now owns 5,060 shares of the construction company’s stock worth $481,000 after acquiring an additional 1,242 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

VSE Company Profile

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.