Insider Selling: VSE (NASDAQ:VSEC) CEO Sells $293,609.34 in Stock

VSE Corporation (NASDAQ:VSEC) CEO John Cuomo sold 1,566 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $187.49, for a total value of $293,609.34. Following the completion of the sale, the chief executive officer directly owned 167,971 shares of the company’s stock, valued at $31,492,882.79. The trade was a 0.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

VSE Trading Down 0.1%

Shares of NASDAQ:VSEC opened at $174.83 on Friday. The business’s 50-day moving average is $207.54 and its 200 day moving average is $199.97. VSE Corporation has a 1 year low of $154.67 and a 1 year high of $247.85. The firm has a market capitalization of $4.91 billion, a P/E ratio of 56.04, a P/E/G ratio of 0.71 and a beta of 1.24. 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 (NASDAQ:VSEC) last issued 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 business had revenue of $449.14 million during the quarter, compared to the consensus estimate of $425.03 million. During the same quarter last year, the company earned $0.97 earnings per share. The company’s quarterly revenue was up 65.0% on a year-over-year basis. On average, research analysts predict that VSE Corporation will post 6.77 earnings per share for the current fiscal year.

VSE Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VSEC shares. Citigroup upped their price target on shares of VSE from $263.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Morgan Stanley set a $230.00 price objective on shares of VSE in a report on Wednesday, July 15th. Stifel Nicolaus upped their target price on VSE from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Royal Bank Of Canada raised their target price on VSE from $240.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of VSE in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, VSE currently has an average rating of “Moderate Buy” and an average price target of $252.22.

Institutional Trading of VSE

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP raised its holdings in shares of 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 purchasing an additional 79 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in VSE in the second quarter valued at $25,000. GAMMA Investing LLC boosted its holdings in VSE by 89.0% in the second quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $63,000 after purchasing an additional 130 shares during the last quarter. Transamerica Financial Advisors LLC acquired a new stake in VSE during the 2nd quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC grew its position in VSE by 145.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

About VSE

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.