Lisanti Capital Growth LLC Invests $4.97 Million in VSE Corporation $VSEC

Key Points

• Lisanti Capital Growth acquired 21,754 VSE shares worth approximately $4.97 million, while institutional investors collectively own 91.54% of the company.
• VSE reported strong quarterly results, with EPS of $1.75 beating estimates of $0.93 and revenue rising 65% year over year to $449.14 million.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and a $252.22 price target; VSE also declared a quarterly dividend of $0.10 per share.

Lisanti Capital Growth LLC acquired a new stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,754 shares of the construction company's stock, valued at approximately $4,971,000. Lisanti Capital Growth LLC owned approximately 0.08% of VSE at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in VSE in the second quarter worth approximately $51,000. EverSource Wealth Advisors LLC raised its stake in shares of VSE by 145.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company's stock worth $45,000 after acquiring an additional 153 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of VSE by 89.0% in the 2nd quarter. GAMMA Investing LLC now owns 276 shares of the construction company's stock valued at $63,000 after purchasing an additional 130 shares in the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of VSE in the 2nd quarter valued at $90,000. Finally, State of Wyoming bought a new position in shares of VSE during the 2nd quarter valued at $197,000. Institutional investors own 91.54% of the company's stock.

VSE Stock Down 2.2%

Shares of VSE stock opened at $230.42 on Thursday. The company has a current ratio of 3.77, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. VSE Corporation has a 12-month low of $154.67 and a 12-month high of $247.85. The company has a market cap of $6.47 billion, a P/E ratio of 73.85, a PEG ratio of 1.13 and a beta of 1.23. The company's fifty day simple moving average is $214.07 and its two-hundred day simple moving average is $201.28.

VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.93 by $0.82. The firm 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% compared to the same quarter last year. During the same period last year, the company posted $0.97 EPS. Research analysts anticipate that VSE Corporation will post 5.78 EPS for the current year.

VSE Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Citigroup boosted their price target 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. Morgan Stanley set a $230.00 target price on shares of VSE in a report on Wednesday, July 15th. Royal Bank Of Canada raised their target price on VSE from $240.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Weiss Ratings upgraded VSE from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, July 20th. Finally, B. Riley Financial reaffirmed a "buy" rating on shares of VSE in a research report on Friday, August 7th. 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $252.22.

Insider Activity

In other VSE news, COO Benjamin E. Thomas sold 6,500 shares of VSE stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the sale, the chief operating officer directly owned 42,839 shares of the company's stock, valued at approximately $8,431,571.98. The trade was a 13.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John A. Cuomo sold 17,500 shares of VSE stock in a transaction that occurred 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 directly owned 169,537 shares in the company, valued at approximately $41,111,027.13. The trade was a 9.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company 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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