VSE Co. (NASDAQ:VSEC - Get Free Report) Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $129.38, for a total value of $371,191.22. Following the completion of the transaction, the director now directly owns 3,837 shares of the company's stock, valued at approximately $496,431.06. This represents a 42.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
VSE Stock Performance
NASDAQ:VSEC traded up $1.66 during trading hours on Thursday, reaching $132.36. The company had a trading volume of 64,749 shares, compared to its average volume of 219,663. VSE Co. has a 52 week low of $73.36 and a 52 week high of $136.00. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 165.21 and a beta of 1.34. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The firm's 50 day moving average price is $116.93 and its 200-day moving average price is $109.97.
VSE (NASDAQ:VSEC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.55 by $0.23. The firm had revenue of $256.05 million during the quarter, compared to analyst estimates of $248.20 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business's revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, analysts forecast that VSE Co. will post 2.96 EPS for the current year.
VSE Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's dividend payout ratio (DPR) is 50.00%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Amalgamated Bank lifted its stake in shares of VSE by 36.5% during the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company's stock valued at $73,000 after buying an additional 163 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of VSE by 14.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company's stock valued at $175,000 after buying an additional 233 shares in the last quarter. US Bancorp DE grew its holdings in VSE by 8.5% during the 1st quarter. US Bancorp DE now owns 3,278 shares of the construction company's stock valued at $393,000 after buying an additional 257 shares in the last quarter. Corebridge Financial Inc. grew its holdings in VSE by 3.0% during the 4th quarter. Corebridge Financial Inc. now owns 8,753 shares of the construction company's stock valued at $832,000 after buying an additional 258 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in VSE by 21.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock valued at $138,000 after buying an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. B. Riley lifted their price target on VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada lifted their price target on VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. StockNews.com raised VSE to a "sell" rating in a research report on Thursday, March 6th. Finally, Truist Financial lifted their price target on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.17.
View 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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