100,166 Shares in VSE Corporation $VSEC Bought by Bamco Inc. NY

Key Points

• Bamco Inc. NY purchased 100,166 shares of VSE Corporation worth approximately $22.9 million, representing about 0.36% of the company. Institutional investors collectively own 91.54% of VSE.
• VSE reported strong quarterly results, with earnings of $1.75 per share versus the $0.93 analyst consensus and revenue of $449.14 million, up 65% year over year.
• Analysts maintain a positive outlook, giving VSE a consensus “Moderate Buy” rating and an average price target of $252.22, compared with its reported share price of $221.00.

Bamco Inc. NY purchased a new stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100,166 shares of the construction company's stock, valued at approximately $22,888,000. Bamco Inc. NY owned about 0.36% of VSE as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in VSE in the second quarter valued at about $44,103,000. American Capital Management Inc. acquired a new position in shares of VSE in the 2nd quarter valued at $29,461,000. Freestone Grove Partners LP purchased a new stake in VSE during the 2nd quarter valued at about $18,721,000. Osterweis Capital Management Inc. purchased a new stake in VSE during the 2nd quarter valued at about $16,383,000. Finally, Legal & General Group Plc acquired a new position in shares of VSE in the second quarter valued at about $14,343,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Insider Activity at VSE

In related news, COO Benjamin E. Thomas sold 6,500 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the completion of the transaction, the chief operating officer owned 42,839 shares of the company's stock, valued at approximately $8,431,571.98. This trade represents a 13.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John A. Cuomo sold 17,500 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $242.49, for a total value of $4,243,575.00. Following the transaction, the chief executive officer owned 169,537 shares of the company's stock, valued at approximately $41,111,027.13. This represents a 9.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.80% of the company's stock.

VSE Price Performance

VSE stock opened at $221.00 on Friday. The company's fifty day moving average price is $216.03 and its 200 day moving average price is $202.16. VSE Corporation has a 1 year low of $154.67 and a 1 year high of $247.85. The stock has a market capitalization of $6.20 billion, a P/E ratio of 70.83, a P/E/G ratio of 1.09 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 3.77.

VSE (NASDAQ:VSEC - Get Free Report) last released its earnings results on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.82. The business had revenue of $449.14 million during the quarter, compared to analysts' expectations of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. The company's quarterly revenue was up 65.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. As a group, equities research analysts anticipate that VSE Corporation will post 5.78 earnings per share for the current fiscal year.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. VSE's dividend payout ratio is 12.82%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of VSE from $245.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Jefferies Financial Group reissued a "buy" rating and issued a $275.00 price objective on shares of VSE in a report on Sunday, August 9th. Truist Financial upgraded VSE to a "strong-buy" rating in a research note on Friday, May 1st. Citigroup raised their price objective on shares of VSE from $263.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, Morgan Stanley set a $230.00 target price on shares of VSE in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, VSE has a consensus rating of "Moderate Buy" and an average target price of $252.22.

VSE Profile

VSE Corporation NASDAQ: VSEC is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company's solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE's core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.

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