VSE Co. to Issue Quarterly Dividend of $0.10 (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC – Get Rating) declared a quarterly dividend on Wednesday, May 4th, Zacks reports. Investors of record on Wednesday, July 13th will be given a dividend of 0.10 per share by the construction company on Wednesday, July 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Tuesday, July 12th.

VSE has increased its dividend by an average of 6.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. VSE has a payout ratio of 9.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect VSE to earn $4.13 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 9.7%.

NASDAQ VSEC opened at $40.55 on Friday. VSE has a 12 month low of $39.48 and a 12 month high of $65.42. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.02 and a quick ratio of 0.79. The firm has a market capitalization of $518.23 million, a PE ratio of 57.11 and a beta of 1.45. The company’s 50 day simple moving average is $43.85 and its 200 day simple moving average is $51.50.

VSE (NASDAQ:VSEC – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The construction company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.19. VSE had a net margin of 1.11% and a return on equity of 8.08%. During the same quarter last year, the firm earned $0.44 EPS. Sell-side analysts anticipate that VSE will post 2.87 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on VSEC. William Blair restated an “outperform” rating on shares of VSE in a report on Friday, March 11th. Zacks Investment Research upgraded shares of VSE from a “sell” rating to a “hold” rating in a report on Thursday, March 10th. StockNews.com began coverage on shares of VSE in a report on Thursday, March 31st. They set a “hold” rating for the company. Canaccord Genuity Group decreased their price objective on shares of VSE from $72.00 to $66.00 in a research note on Friday, March 11th. Finally, TheStreet lowered shares of VSE from a “b” rating to a “c” rating in a research note on Monday, April 11th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $65.83.

A number of institutional investors have recently bought and sold shares of VSEC. Sei Investments Co. acquired a new stake in shares of VSE during the 4th quarter valued at $3,009,000. Invesco Ltd. boosted its stake in shares of VSE by 41.3% during the 4th quarter. Invesco Ltd. now owns 84,780 shares of the construction company’s stock valued at $5,166,000 after buying an additional 24,772 shares during the period. Wells Fargo & Company MN boosted its stake in shares of VSE by 208.3% during the 2nd quarter. Wells Fargo & Company MN now owns 34,425 shares of the construction company’s stock valued at $1,704,000 after buying an additional 23,258 shares during the period. Morgan Stanley boosted its stake in shares of VSE by 317.6% during the 3rd quarter. Morgan Stanley now owns 20,767 shares of the construction company’s stock valued at $1,001,000 after buying an additional 15,794 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of VSE by 1.4% during the 4th quarter. BlackRock Inc. now owns 708,256 shares of the construction company’s stock valued at $43,162,000 after buying an additional 10,115 shares during the period. 80.29% of the stock is owned by hedge funds and other institutional investors.

VSE Company Profile (Get Rating)

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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