VSE (NASDAQ:VSEC) CEO John Cuomo Sells 17,500 Shares of Stock

VSE Corporation (NASDAQ:VSEC) CEO John Cuomo sold 17,500 shares of the stock in a transaction on Monday, August 17th. The shares were 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 approximately $41,111,027.13. This trade represents a 9.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

VSE Stock Performance

NASDAQ:VSEC opened at $230.42 on Thursday. The company has a market capitalization of $6.47 billion, a P/E ratio of 73.85, a P/E/G ratio of 1.13 and a beta of 1.23. The business has a fifty day simple moving average of $214.07 and a two-hundred day simple moving average of $201.28. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.77 and a quick ratio of 1.30. VSE Corporation has a 1 year low of $154.67 and a 1 year high of $247.85.

VSE (NASDAQ:VSEC) last posted 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 during the quarter, compared to the consensus estimate of $425.03 million. During the same quarter in the prior year, the company earned $0.97 EPS. The firm’s quarterly revenue was up 65.0% compared to the same quarter last year. On average, analysts expect that VSE Corporation will post 5.78 earnings per share for the current year.

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders 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 annualized dividend and a yield of 0.2%. VSE’s dividend payout ratio is 12.82%.

Analyst Ratings Changes

VSEC has been the subject of several recent research reports. Zacks Research downgraded shares of VSE from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Jefferies Financial Group restated a “buy” rating and set a $275.00 price target on shares of VSE in a research note on Sunday, August 9th. 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 boosted their target price on shares of VSE from $240.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Citigroup increased their target price on VSE from $263.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $252.22.

Institutional Investors Weigh In On VSE

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of VSE in the second quarter worth about $25,000. Allworth Financial LP bought a new stake in VSE during the 2nd quarter worth approximately $29,000. Transamerica Financial Advisors LLC purchased a new stake in VSE in the 2nd quarter worth approximately $32,000. Global Retirement Partners LLC bought a new position in VSE in the 2nd quarter valued at $51,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of VSE by 145.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after purchasing an additional 153 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

About VSE

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.