Insider Selling: VSE (NASDAQ:VSEC) CEO Sells 1,566 Shares of Stock

Key Points

• VSE CEO John Cuomo sold 1,566 shares at an average price of $187.49, generating approximately $293,609; his remaining stake totaled 167,971 shares.
• VSE recently reported strong quarterly results, with EPS of $1.75 beating estimates of $0.93 and revenue rising 65% year over year to $449.14 million.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $252.22; the company also declared a quarterly dividend of $0.10 per share.

VSE Corporation (NASDAQ:VSEC - Get Free Report) CEO John Cuomo sold 1,566 shares of VSE stock in a transaction on Monday, September 14th. The stock was sold at an average price of $187.49, for a total transaction of $293,609.34. Following the sale, the chief executive officer owned 167,971 shares of the company's stock, valued at $31,492,882.79. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

VSE Stock Performance

Shares of VSEC traded up $6.73 during trading hours on Wednesday, reaching $184.81. 529,445 shares of the company traded hands, compared to its average volume of 538,158. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average price of $209.49 and a 200-day moving average price of $200.80. VSE Corporation has a 12-month low of $154.67 and a 12-month high of $247.85. The stock has a market capitalization of $5.19 billion, a P/E ratio of 59.23, a P/E/G ratio of 0.77 and a beta of 1.24.

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

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. VSE's payout ratio is 12.82%.

Institutional Investors Weigh In On VSE

A number of hedge funds and other institutional investors have recently made changes to their positions in VSEC. WINTON GROUP Ltd purchased a new position in shares of VSE during the 2nd quarter valued at approximately $2,545,000. Integrated Wealth Concepts LLC boosted its holdings in VSE by 5.0% during the second quarter. Integrated Wealth Concepts LLC now owns 5,119 shares of the construction company's stock worth $1,170,000 after buying an additional 245 shares in the last quarter. Allworth Financial LP boosted its holdings in VSE by 158.0% during the second quarter. Allworth Financial LP now owns 129 shares of the construction company's stock worth $29,000 after buying an additional 79 shares in the last quarter. Nykredit A S acquired a new stake in VSE during the second quarter valued at $177,000. Finally, Corient Private Wealth LP acquired a new stake in VSE during the second quarter valued at $4,923,000. Institutional investors and hedge funds own 91.54% of the company's stock.

Analyst Upgrades and Downgrades

VSEC has been the topic of several research reports. B. Riley Financial reiterated a "buy" rating on shares of VSE in a report on Friday, August 7th. Stifel Nicolaus lifted their price objective on shares of VSE from $245.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Citigroup upped their price objective on shares of VSE from $263.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of VSE from $280.00 to $290.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Finally, Guggenheim assumed coverage on shares of VSE in a research report on Monday. They set a "neutral" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $252.22.

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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