Separately, BidaskClub lowered shares of VSE from a hold rating to a sell rating in a research note on Friday, January 3rd.
NASDAQ:VSEC traded down $1.04 on Wednesday, reaching $34.50. The stock had a trading volume of 20,248 shares, compared to its average volume of 17,362. The company has a quick ratio of 0.99, a current ratio of 2.44 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $378.47 million, a P/E ratio of 10.87 and a beta of 1.36. The stock has a fifty day moving average price of $38.30 and a 200-day moving average price of $34.09. VSE has a 1-year low of $24.06 and a 1-year high of $41.14.
VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $0.95 earnings per share (EPS) for the quarter. VSE had a net margin of 4.91% and a return on equity of 10.60%. The business had revenue of $198.33 million for the quarter.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, January 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.04%.
Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp lifted its stake in VSE by 1.1% in the third quarter. State Street Corp now owns 230,244 shares of the construction company’s stock valued at $7,849,000 after buying an additional 2,589 shares in the last quarter. California Public Employees Retirement System grew its stake in VSE by 9.1% in the 3rd quarter. California Public Employees Retirement System now owns 31,612 shares of the construction company’s stock valued at $1,078,000 after buying an additional 2,628 shares during the last quarter. Rhumbline Advisers grew its position in shares of VSE by 8.6% in the third quarter. Rhumbline Advisers now owns 13,356 shares of the construction company’s stock valued at $455,000 after purchasing an additional 1,059 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of VSE during the third quarter worth approximately $379,000. Finally, Vanguard Group Inc. increased its stake in shares of VSE by 1.2% during the second quarter. Vanguard Group Inc. now owns 408,691 shares of the construction company’s stock worth $11,725,000 after purchasing an additional 4,720 shares during the period. Institutional investors and hedge funds own 70.07% of the company’s stock.
VSE Corporation operates as a diversified services and supply company in the United States. The company operates in three segments: Supply Chain Management Group, Aviation Group, and Federal Services Group. The Supply Chain Management Group segment offers sourcing, acquisition, scheduling, transportation, shipping, logistics, data management, and other services to assist its clients with supply chain management.
Read More: What is an Initial Coin Offering (ICO)?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for VSE Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for VSE and related companies with MarketBeat.com’s FREE daily email newsletter.