VSE Corporation (NASDAQ:VSEC) Declares Quarterly Dividend of $0.10

VSE Corporation (NASDAQ:VSEC) declared a quarterly dividend on Thursday, August 6th. Investors of record on Thursday, October 15th will be paid a dividend of 0.10 per share by the construction company on Thursday, October 29th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 15th.

VSE has raised its dividend payment by an average of 0.0%per year over the last three years. VSE has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect VSE to earn $5.61 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.1%.

VSE Price Performance

NASDAQ VSEC traded down $9.10 during mid-day trading on Friday, hitting $216.35. The stock had a trading volume of 276,750 shares, compared to its average volume of 572,027. VSE has a twelve month low of $152.55 and a twelve month high of $240.56. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 69.42, a PEG ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 8.78 and a quick ratio of 6.24. The firm’s 50 day moving average is $204.14 and its 200 day moving average is $199.84.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.82. VSE had a net margin of 6.17% and a return on equity of 7.93%. The company had revenue of $449.14 million for the quarter, compared to analyst estimates of $425.03 million. During the same period in the previous year, the business posted $0.97 EPS. VSE’s revenue was up 65.0% on a year-over-year basis. Equities research analysts forecast that VSE will post 4.3 earnings per share for the current fiscal year.

Insider Buying and Selling at VSE

In related news, COO Benjamin E. Thomas sold 6,500 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $196.82, for a total value of $1,279,330.00. Following the completion of the sale, the chief operating officer directly owned 42,839 shares of the company’s stock, valued at $8,431,571.98. This represents a 13.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On VSE

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in VSE by 145.7% in 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 during the last quarter. Global Retirement Partners LLC purchased a new position in VSE in the second quarter worth $51,000. GAMMA Investing LLC boosted its stake in shares of VSE by 89.0% during the second quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $63,000 after acquiring an additional 130 shares during the last quarter. Persistent Asset Partners Ltd purchased a new position in shares of VSE in the 2nd quarter worth $90,000. Finally, State of Wyoming purchased a new stake in shares of VSE during the 2nd quarter worth about $197,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Company Profile

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.