VSE Corporation (NASDAQ:VSEC – Get Free Report) COO Benjamin Thomas sold 6,500 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $196.82, for a total value of $1,279,330.00. Following the transaction, the chief operating officer directly owned 42,839 shares in the company, valued at approximately $8,431,571.98. The trade was a 13.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
VSE Stock Performance
NASDAQ VSEC traded up $2.97 on Friday, reaching $196.13. The stock had a trading volume of 527,381 shares, compared to its average volume of 598,528. The business’s 50-day moving average price is $187.30 and its 200 day moving average price is $191.81. VSE Corporation has a 12-month low of $123.69 and a 12-month high of $232.61. The stock has a market cap of $5.50 billion, a P/E ratio of 82.76, a price-to-earnings-growth ratio of 1.94 and a beta of 1.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.24 and a current ratio of 8.78.
VSE (NASDAQ:VSEC – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.24. VSE had a net margin of 4.95% and a return on equity of 6.56%. The company had revenue of $324.58 million for the quarter, compared to the consensus estimate of $309.19 million. During the same period last year, the firm posted $0.78 EPS. VSE’s revenue for the quarter was up 26.8% on a year-over-year basis. As a group, equities analysts expect that VSE Corporation will post 4.3 earnings per share for the current year.
VSE Dividend Announcement
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of VSE from $250.00 to $260.00 and gave the company a “buy” rating in a report on Monday, March 2nd. William Blair restated an “outperform” rating on shares of VSE in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $268.00 price objective on shares of VSE in a report on Thursday, May 7th. Weiss Ratings cut shares of VSE from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada boosted their price objective on shares of VSE from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $239.13.
View Our Latest Stock Report on VSEC
Hedge Funds Weigh In On VSE
Several large investors have recently bought and sold shares of VSEC. Fred Alger Management LLC raised its stake in shares of VSE by 26.2% in the 3rd quarter. Fred Alger Management LLC now owns 394,499 shares of the construction company’s stock worth $65,582,000 after buying an additional 81,788 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of VSE by 1,331.0% in the 4th quarter. SG Americas Securities LLC now owns 59,642 shares of the construction company’s stock valued at $10,304,000 after purchasing an additional 55,474 shares during the last quarter. Emerald Advisers LLC increased its holdings in shares of VSE by 12.6% during the 1st quarter. Emerald Advisers LLC now owns 314,789 shares of the construction company’s stock valued at $58,047,000 after acquiring an additional 35,246 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of VSE by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock valued at $41,563,000 after purchasing an additional 32,489 shares during the period. Finally, Emerald Mutual Fund Advisers Trust lifted its position in 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 acquiring an additional 27,563 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.
VSE Company Profile
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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