Shares of VSE Corporation (NASDAQ:VSEC - Get Free Report) traded up 9.2% on Thursday following a stronger than expected earnings report. The company traded as high as $157.29 and last traded at $154.45. 134,549 shares changed hands during trading, a decline of 44% from the average session volume of 240,417 shares. The stock had previously closed at $141.48.
The construction company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.28. The firm had revenue of $272.14 million for the quarter, compared to the consensus estimate of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.37%. The business's revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS.
VSE Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, October 15th. VSE's payout ratio is currently 35.71%.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Truist Financial lifted their price objective on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada lifted their price objective on shares of VSE from $150.00 to $180.00 and gave the stock an "outperform" rating in a report on Friday. Finally, B. Riley lifted their price objective on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $145.00.
View Our Latest Stock Analysis on VSEC
Insider Activity at VSE
In other news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction 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 sale, the director directly owned 3,837 shares in the company, valued at $496,431.06. The trade was a 42.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by insiders.
Institutional Investors Weigh In On VSE
Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of VSE by 94.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,608 shares of the construction company's stock worth $553,000 after purchasing an additional 2,236 shares during the period. Amalgamated Bank raised its stake in VSE by 36.5% in the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company's stock valued at $73,000 after acquiring an additional 163 shares during the period. KBC Group NV bought a new stake in VSE in the 1st quarter valued at about $99,000. Arizona State Retirement System raised its stake in VSE by 15.2% in the 1st quarter. Arizona State Retirement System now owns 5,528 shares of the construction company's stock valued at $663,000 after acquiring an additional 730 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in VSE in the 1st quarter valued at about $337,000. 91.54% of the stock is currently owned by institutional investors.
VSE Stock Up 5.0%
The stock has a 50 day moving average of $132.97 and a 200-day moving average of $120.23. The firm has a market capitalization of $3.17 billion, a P/E ratio of 137.51 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.12 and a current ratio of 3.90.
About VSE
(
Get Free Report)
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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