Insider Selling: VSE Co. (NASDAQ:VSEC) Major Shareholder Sells 15,300 Shares of Stock

VSE Co. (NASDAQ:VSEC - Get Free Report) major shareholder Calvin Scott Koonce sold 15,300 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the transaction, the insider now owns 463,284 shares of the company's stock, valued at approximately $42,543,369.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases 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 transaction of $836,070.00.

VSE Trading Up 1.0 %

NASDAQ:VSEC traded up $0.93 during mid-day trading on Friday, reaching $93.03. The company's stock had a trading volume of 89,885 shares, compared to its average volume of 132,173. VSE Co. has a twelve month low of $48.47 and a twelve month high of $94.10. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.53 and a quick ratio of 1.17. The company's fifty day simple moving average is $87.85 and its two-hundred day simple moving average is $81.34. The stock has a market cap of $1.71 billion, a P/E ratio of 28.17 and a beta of 1.59.

VSE (NASDAQ:VSEC - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $265.96 million for the quarter, compared to analysts' expectations of $256.60 million. VSE had a return on equity of 7.87% and a net margin of 1.21%. On average, equities analysts predict that VSE Co. will post 3.06 EPS for the current year.

VSE Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new position in shares of VSE in the 2nd quarter worth approximately $42,000. AJOVista LLC acquired a new stake in shares of VSE in the fourth quarter valued at $75,000. Simplex Trading LLC acquired a new stake in shares of VSE during the 4th quarter valued at $199,000. Park Avenue Securities LLC purchased a new position in VSE during the 1st quarter worth approximately $221,000. Finally, Caprock Group LLC acquired a new stake in shares of VSE in the first quarter worth $241,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Jefferies Financial Group began coverage on shares of VSE in a research report on Wednesday, August 14th. They issued a "buy" rating and a $100.00 price target for the company. Royal Bank of Canada reissued an "outperform" rating and set a $100.00 target price on shares of VSE in a research note on Thursday, August 1st. B. Riley raised their target price on VSE from $91.00 to $101.00 and gave the company a "buy" rating in a report on Friday, May 10th. Stifel Nicolaus initiated coverage on shares of VSE in a report on Friday, June 28th. They issued a "buy" rating and a $101.00 price target for the company. Finally, Truist Financial upped their target price on shares of VSE from $92.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.