VSE (NASDAQ:VSEC) COO Benjamin Thomas Sells 6,500 Shares of Stock

VSE Corporation (NASDAQ:VSEC) COO Benjamin Thomas sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $196.82, for a total value of $1,279,330.00. Following the completion of the transaction, the chief operating officer directly owned 42,839 shares in the company, valued at approximately $8,431,571.98. The trade was a 13.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

VSE Stock Performance

Shares of VSEC opened at $196.13 on Friday. The business’s 50 day moving average is $187.39 and its two-hundred day moving average is $191.84. VSE Corporation has a 52-week low of $123.69 and a 52-week high of $232.61. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 82.76, a PEG ratio of 2.16 and a beta of 1.25. The company has a quick ratio of 6.24, a current ratio of 8.78 and a debt-to-equity ratio of 0.12.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Tuesday, May 5th. The construction company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.24. VSE had a return on equity of 6.56% and a net margin of 4.95%.The business had revenue of $324.58 million during the quarter, compared to the consensus estimate of $309.19 million. During the same period in the previous year, the business earned $0.78 EPS. The business’s quarterly revenue was up 26.8% on a year-over-year basis. Analysts forecast that VSE Corporation will post 4.3 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 15th. VSE’s payout ratio is 16.88%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Zacks Research downgraded VSE from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Stifel Nicolaus upped their price objective on VSE from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Jefferies Financial Group restated a “buy” rating and set a $245.00 price objective on shares of VSE in a research note on Sunday, May 10th. Citigroup lowered their price objective on VSE from $261.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, William Blair restated an “outperform” rating on shares of VSE in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, VSE currently has a consensus rating of “Moderate Buy” and an average target price of $239.13.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted 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 acquiring an additional 153 shares during the period. Ellevest Inc. acquired a new position in VSE during the 4th quarter worth $323,000. AQR Capital Management LLC acquired a new position in VSE during the 1st quarter worth $247,000. Farther Finance Advisors LLC boosted its position in VSE by 17.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock worth $381,000 after acquiring an additional 323 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in VSE by 47.4% during the 4th quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock worth $968,000 after acquiring an additional 1,800 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 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.