VSE Co. (NASDAQ:VSEC – Get Rating) was the target of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 144,200 shares, a growth of 21.6% from the December 15th total of 118,600 shares. Based on an average daily trading volume, of 40,800 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.2% of the shares of the stock are short sold.
Insider Transactions at VSE
In other VSE news, Director Mark E. Ferguson III sold 2,265 shares of the firm’s stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $49.12, for a total transaction of $111,256.80. Following the completion of the transaction, the director now directly owns 10,611 shares in the company, valued at approximately $521,212.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.40% of the company’s stock.
Institutional Trading of VSE
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in VSE by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 710,155 shares of the construction company’s stock worth $25,139,000 after buying an additional 4,576 shares during the period. Peregrine Capital Management LLC raised its position in VSE by 22.0% in the second quarter. Peregrine Capital Management LLC now owns 219,660 shares of the construction company’s stock valued at $8,255,000 after purchasing an additional 39,597 shares during the period. Private Management Group Inc. raised its position in VSE by 5.9% in the third quarter. Private Management Group Inc. now owns 218,961 shares of the construction company’s stock valued at $7,751,000 after purchasing an additional 12,293 shares during the period. Mutual of America Capital Management LLC raised its position in VSE by 0.8% in the third quarter. Mutual of America Capital Management LLC now owns 217,431 shares of the construction company’s stock valued at $7,697,000 after purchasing an additional 1,744 shares during the period. Finally, State Street Corp grew its stake in shares of VSE by 0.3% in the second quarter. State Street Corp now owns 194,151 shares of the construction company’s stock valued at $7,296,000 after buying an additional 608 shares in the last quarter. Institutional investors and hedge funds own 80.64% of the company’s stock.
VSE Stock Performance
Shares of VSEC stock opened at $49.37 on Friday. VSE has a one year low of $31.85 and a one year high of $55.95. The company has a 50 day moving average price of $47.99 and a 200 day moving average price of $42.88. The firm has a market capitalization of $631.94 million, a price-to-earnings ratio of 21.56 and a beta of 1.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.91 and a current ratio of 2.85.
VSE (NASDAQ:VSEC – Get Rating) last issued its earnings results on Wednesday, October 26th. The construction company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. VSE had a return on equity of 8.23% and a net margin of 3.18%. The firm had revenue of $242.49 million for the quarter, compared to analysts’ expectations of $227.86 million. Sell-side analysts anticipate that VSE will post 2.98 EPS for the current year.
VSE Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 9th. Investors of record on Thursday, January 26th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, January 25th. VSE’s dividend payout ratio (DPR) is presently 17.47%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on VSEC shares. StockNews.com started coverage on VSE in a report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet raised shares of VSE from a “c+” rating to a “b” rating in a research note on Friday, October 21st. Canaccord Genuity Group boosted their price target on VSE from $50.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 20th. Truist Financial boosted their price target on VSE from $55.00 to $60.00 and gave the company a “buy” rating in a report on Monday, January 9th. Finally, Canaccord Genuity Group lifted their price objective on VSE from $50.00 to $52.00 in a research report on Thursday, October 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, VSE has an average rating of “Moderate Buy” and an average price target of $53.00.
VSE Company Profile
VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through three segments: Aviation, Fleet, and Federal and Defense. The Aviation segment provides international parts supply and distribution, supply chain solutions, and component and engine accessory maintenance, repair, and overhaul (MRO) services.
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