VSE Co. (NASDAQ:VSEC) Major Shareholder Calvin Scott Koonce Sells 15,300 Shares

VSE Co. (NASDAQ:VSEC) major shareholder Calvin Scott Koonce sold 15,300 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $91.83, for a total value of $1,404,999.00. Following the sale, the insider now owns 463,284 shares of the company’s stock, valued at $42,543,369.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Calvin Scott Koonce also recently made the following trade(s):

• On Tuesday, August 27th, Calvin Scott Koonce sold 9,300 shares of VSE stock. The shares were sold at an average price of $89.90, for a total value of $836,070.00.

VSE Stock Performance

Shares of NASDAQ VSEC opened at $93.03 on Friday. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 28.17 and a beta of 1.59. The stock’s fifty day simple moving average is $87.85 and its 200 day simple moving average is $81.34. VSE Co. has a 52-week low of $48.47 and a 52-week high of $94.10.

VSE (NASDAQ:VSEC) last issued its earnings results on Wednesday, July 31st. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The company had revenue of $265.96 million during the quarter, compared to analyst estimates of $256.60 million. VSE had a return on equity of 7.87% and a net margin of 1.21%. As a group, sell-side analysts forecast that VSE Co. will post 3.06 earnings per share for the current fiscal year.

VSE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Wednesday, November 6th.

Hedge Funds Weigh In On VSE

A number of hedge funds have recently modified their holdings of the stock. Innealta Capital LLC purchased a new stake in VSE in the 2nd quarter worth about $42,000. AJOVista LLC purchased a new stake in VSE in the 4th quarter worth about $75,000. Simplex Trading LLC purchased a new stake in VSE in the 4th quarter worth about $199,000. Park Avenue Securities LLC purchased a new stake in VSE in the 1st quarter worth about $221,000. Finally, Caprock Group LLC purchased a new stake in shares of VSE during the 1st quarter worth about $241,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VSEC has been the subject of a number of analyst reports. Stifel Nicolaus started coverage on VSE in a report on Friday, June 28th. They issued a “buy” rating and a $101.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of VSE in a report on Thursday, August 1st. Truist Financial raised their target price on VSE from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. B. Riley raised their target price on VSE from $91.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Jefferies Financial Group assumed coverage on VSE in a research report on Wednesday, August 14th. They issued a “buy” rating and a $100.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.83.

About VSE

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.