TheStreet upgraded shares of VSE Corporation (NASDAQ:VSEC) from a c+ rating to a b rating in a research note published on Monday.
Separately, BidaskClub downgraded VSE Corporation from a hold rating to a sell rating in a research report on Monday.
Shares of VSE Corporation (NASDAQ VSEC) traded down 0.219% on Monday, reaching $52.425. The company’s stock had a trading volume of 9,380 shares. VSE Corporation has a 1-year low of $26.16 and a 1-year high of $54.00. The stock has a market capitalization of $568.18 million, a P/E ratio of 19.417 and a beta of 1.81. The company has a 50 day moving average of $44.97 and a 200 day moving average of $41.60.
VSE Corporation (NASDAQ:VSEC) last posted its earnings results on Thursday, July 27th. The construction company reported $0.72 EPS for the quarter. The company had revenue of $193.86 million for the quarter. VSE Corporation had a return on equity of 11.32% and a net margin of 3.77%. Equities research analysts expect that VSE Corporation will post $4.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.53%. This is an increase from VSE Corporation’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, July 17th. VSE Corporation’s payout ratio is presently 10.37%.
In other VSE Corporation news, Director Bonnie K. Wachtel sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the sale, the director now directly owns 123,352 shares in the company, valued at $5,550,840. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.00% of the stock is currently owned by insiders.
About VSE Corporation
VSE Corporation is a services and supply chain management company. The Company’s segments include Supply Chain Management Group, Aviation Group, Federal Services Group, and IT, Energy and Management Consulting Group. The Company provides logistics and distribution services for legacy systems and equipment and professional and technical services to the United States Government, including the United States Department of Defense (DoD), the United States Postal Service (USPS), federal civilian agencies, and commercial and other customers.
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