VSE Co. (VSEC) To Go Ex-Dividend on November 6th

VSE Co. (NASDAQ:VSEC) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Investors of record on Wednesday, November 6th will be paid a dividend of 0.10 per share by the construction company on Wednesday, November 20th. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, November 6th.

VSE has increased its dividend by an average of 3.6% annually over the last three years. VSE has a dividend payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect VSE to earn $4.68 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 8.5%.

VSE Stock Performance

NASDAQ:VSEC opened at $103.33 on Monday. The company has a 50-day moving average of $91.04 and a 200-day moving average of $86.19. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 31.58 and a beta of 1.56. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55. VSE has a twelve month low of $54.65 and a twelve month high of $108.30.

Insider Activity

In other VSE news, major shareholder Calvin Scott Koonce sold 9,300 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $89.90, for a total transaction of $836,070.00. Following the completion of the sale, the insider now directly owns 492,284 shares in the company, valued at approximately $44,256,331.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 14.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on VSEC. Benchmark restated a “buy” rating and issued a $100.00 price target on shares of VSE in a research report on Friday, August 2nd. Jefferies Financial Group boosted their target price on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada increased their price target on VSE from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial lifted their price target on VSE from $97.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.83.

VSE Company Profile

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.