Insider Trading Alert: VSE Corp (NASDAQ:VSEC) Executive Sells $2M Worth of Stock
Calvin Scott Koonce, a significant shareholder of VSE Corp, has recently sold 23,000 shares of company stock, totaling over $2 million. The transactions occurred over two days at prices ranging from $89.44 to $90.11 per share.
After the sales, Koonce's indirect ownership in VSE Corp stands at 478,584 shares. The company has also received positive coverage from Jefferies, with a Buy rating and $100 price target, highlighting its growth potential and successful strategy.
VSE Corp reported strong second-quarter results, with a 30% revenue increase driven by its Aviation segment. The company is exploring strategic alternatives for its Fleet segment and expects to appoint a new CFO soon.
Analysis:
VSE Corp has shown impressive revenue growth of 32.87% over the last twelve months. With a streak of 47 consecutive years of dividend payments and profitability, the company offers stability for investors. The stock's adjusted P/E ratio suggests it may be more reasonably valued than it appears, and it has seen a strong return of 63.95% over the last year.
Investors interested in VSE Corp can access additional insights through InvestingPro's tips for a deeper analysis of the company's financial health and market performance.