VSE Co. (NASDAQ:VSEC - Get Free Report) Director Anita D. Britt sold 2,869 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $129.38, for a total transaction of $371,191.22. Following the transaction, the director now directly owns 3,837 shares of the company's stock, valued at $496,431.06. This trade represents a 42.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
VSE Stock Up 1.7%
NASDAQ VSEC traded up $2.23 during trading hours on Friday, hitting $133.44. The company had a trading volume of 175,120 shares, compared to its average volume of 216,898. The firm's 50 day moving average is $117.59 and its 200 day moving average is $110.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. VSE Co. has a fifty-two week low of $73.36 and a fifty-two week high of $139.51. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 166.80 and a beta of 1.34.
VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.23. The business had revenue of $256.05 million during the quarter, compared to analyst estimates of $248.20 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. The company's revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. Sell-side analysts anticipate that VSE Co. will post 2.96 earnings per share for the current fiscal year.
VSE Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. VSE's dividend payout ratio is currently 50.00%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Woodline Partners LP increased its stake in VSE by 0.3% during the 1st quarter. Woodline Partners LP now owns 113,193 shares of the construction company's stock worth $13,582,000 after buying an additional 353 shares during the period. Axiom Investors LLC DE acquired a new stake in shares of VSE during the first quarter valued at about $8,915,000. Fred Alger Management LLC increased its position in shares of VSE by 40.2% during the first quarter. Fred Alger Management LLC now owns 361,648 shares of the construction company's stock worth $43,394,000 after acquiring an additional 103,712 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of VSE by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company's stock worth $41,563,000 after acquiring an additional 32,489 shares during the last quarter. Finally, Talon Private Wealth LLC acquired a new position in shares of VSE in the first quarter worth about $1,021,000. 91.54% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Truist Financial lifted their price target on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Royal Bank of Canada lifted their target price on VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. StockNews.com upgraded VSE to a "sell" rating in a research note on Thursday, March 6th. Finally, B. Riley raised their price objective on VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $125.17.
Read Our Latest Analysis on VSE
About VSE
(
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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.
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