VSE Corporation (VSEC) to Issue Quarterly Dividend of $0.10 on July 29th

VSE Corporation (NASDAQ:VSECGet Free Report) declared a quarterly dividend on Thursday, May 7th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.10 per share by the construction company on Wednesday, July 29th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

VSE has increased its dividend by an average of 0.0%annually over the last three years. VSE has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect VSE to earn $5.61 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.1%.

VSE Stock Performance

NASDAQ:VSEC opened at $211.30 on Monday. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 89.16, a price-to-earnings-growth ratio of 2.36 and a beta of 1.21. VSE has a twelve month low of $125.00 and a twelve month high of $240.56. The company has a current ratio of 8.78, a quick ratio of 6.24 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $195.24 and a 200-day moving average of $198.50.

VSE (NASDAQ:VSECGet Free Report) last posted its quarterly earnings results 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. The firm had revenue of $324.58 million for the quarter, compared to analyst estimates of $309.19 million. VSE had a net margin of 4.95% and a return on equity of 6.56%. The firm’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 earnings per share. Analysts forecast that VSE will post 4.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other VSE news, COO Benjamin E. Thomas sold 6,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief operating officer directly owned 42,839 shares of the company’s stock, valued at approximately $8,431,571.98. The trade was a 13.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position 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 valued at $45,000 after purchasing an additional 153 shares during the period. GAMMA Investing LLC lifted its stake in shares of VSE by 89.0% during the 2nd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $63,000 after buying an additional 130 shares during the last quarter. AQR Capital Management LLC acquired a new stake in VSE during the 1st quarter worth approximately $247,000. Ellevest Inc. acquired a new position in shares of VSE during the 4th quarter worth approximately $323,000. Finally, Farther Finance Advisors LLC increased its position in shares of VSE by 17.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock worth $381,000 after purchasing an additional 323 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

Dividend History for VSE (NASDAQ:VSEC)

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