California State Teachers Retirement System Sells 2,151 Shares of VSE Corporation $VSEC

California State Teachers Retirement System lessened its holdings in VSE Corporation (NASDAQ:VSEC - Free Report) by 6.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,796 shares of the construction company's stock after selling 2,151 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of VSE worth $7,036,886 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in VSE in the second quarter valued at $25,000. Allworth Financial LP purchased a new stake in VSE in the second quarter worth about $29,000. Transamerica Financial Advisors LLC purchased a new position in VSE in the second quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of VSE by 145.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company's stock worth $45,000 after buying an additional 153 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in VSE in the 2nd quarter worth about $51,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup lifted their price objective on VSE from $263.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of VSE from $280.00 to $290.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Royal Bank Of Canada upped their price target on VSE from $240.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Zacks Research lowered VSE from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $275.00 price objective on shares of VSE in a report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.22.

VSE Stock Performance

Shares of NASDAQ VSEC traded down $10.08 during trading on Tuesday, hitting $177.53. The company had a trading volume of 297,696 shares, compared to its average volume of 536,564. The stock has a 50 day simple moving average of $210.35 and a 200 day simple moving average of $201.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 3.77. The firm has a market capitalization of $4.98 billion, a P/E ratio of 56.85, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24. VSE Corporation has a 12 month low of $154.67 and a 12 month high of $247.85.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.82. VSE had a return on equity of 6.71% and a net margin of 6.17%.The company had revenue of $449.14 million for the quarter, compared to the consensus estimate of $425.03 million. During the same period last year, the firm earned $0.97 EPS. The firm's revenue for the quarter was up 65.0% compared to the same quarter last year. As a group, analysts anticipate that VSE Corporation will post 6.77 earnings per share for the current year.

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. VSE's dividend payout ratio (DPR) is 12.82%.

Insider Activity at VSE

In other VSE news, CEO John Cuomo sold 17,500 shares of VSE stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $242.49, for a total value of $4,243,575.00. Following the transaction, the chief executive officer directly owned 169,537 shares of the company's stock, valued at $41,111,027.13. The trade was a 9.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by corporate insiders.

VSE Company Profile

VSE Corporation NASDAQ: VSEC is a diversified provider of aftermarket distribution, logistics, maintenance, repair and overhaul, and engineering services. The company primarily serves the U.S. government, commercial aviation operators, aerospace manufacturers, and fleet customers through specialized operating businesses.

VSE's Federal and Defense operations support the U.S. Department of Defense and other government agencies with supply-chain management, equipment sustainment, modernization, engineering, and logistics services.

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