Grandeur Peak Global Advisors LLC Makes New $1.59 Million Investment in VSE Corporation $VSEC

Key Points

• Grandeur Peak Global Advisors initiated a $1.59 million position in VSE Corporation during the second quarter, while institutional investors collectively own 91.54% of the company’s stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $252.22; Deutsche Bank recently raised its target to $290.
• VSE reported strong quarterly results, with earnings of $1.75 per share and revenue of $449.14 million, up 65% year over year. The company also declared a quarterly dividend of $0.10 per share, while shares recently traded at $221.

Grandeur Peak Global Advisors LLC bought a new stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,964 shares of the construction company's stock, valued at approximately $1,591,000.

A number of other large investors also recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new position in shares of VSE in the second quarter worth $25,000. Transamerica Financial Advisors LLC bought a new position in shares of VSE in the second quarter valued at approximately $32,000. Corient Private Wealth LP bought a new position in shares of VSE in the second quarter valued at approximately $4,946,000. Bamco Inc. NY bought a new position in shares of VSE in the second quarter worth about $22,888,000. Finally, American Capital Management Inc. bought a new position in shares of VSE in the second quarter worth about $29,461,000. Institutional investors and hedge funds own 91.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on VSEC. Deutsche Bank Aktiengesellschaft boosted their price target on VSE from $280.00 to $290.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Truist Financial upgraded VSE to a "strong-buy" rating in a research report on Friday, May 1st. Zacks Research lowered VSE from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $275.00 target price on shares of VSE in a research report on Sunday, August 9th. Finally, Morgan Stanley set a $230.00 price target on shares of VSE in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $252.22.

VSE Stock Down 2.6%

Shares of VSEC opened at $221.00 on Friday. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $216.03 and a two-hundred day moving average price of $202.16. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 70.83, a P/E/G ratio of 1.09 and a beta of 1.23. VSE Corporation has a 12 month low of $154.67 and a 12 month high of $247.85.

VSE (NASDAQ:VSEC - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.82. The company had revenue of $449.14 million for the quarter, compared to analyst estimates of $425.03 million. VSE had a return on equity of 6.71% and a net margin of 6.17%.The company's revenue was up 65.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. Equities analysts predict that VSE Corporation will post 5.78 EPS for the current fiscal year.

VSE Announces Dividend

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

Insider Buying and Selling at VSE

In other news, CEO John A. Cuomo sold 17,500 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $242.49, for a total value of $4,243,575.00. Following the sale, the chief executive officer owned 169,537 shares in the company, valued at approximately $41,111,027.13. The trade was a 9.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Benjamin E. Thomas sold 6,500 shares of the business's stock in a transaction 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 sale, the chief operating officer owned 42,839 shares in the company, valued at $8,431,571.98. This represents a 13.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.80% of the company's stock.

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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