Moran Wealth Management LLC Acquires Shares of 4,842 VSE Corporation (NASDAQ:VSEC)

Moran Wealth Management LLC purchased a new stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,842 shares of the construction company's stock, valued at approximately $581,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC increased its position in shares of VSE by 857.1% during the 4th quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock valued at $45,000 after purchasing an additional 420 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of VSE during the 4th quarter valued at about $47,000. Tower Research Capital LLC TRC increased its position in shares of VSE by 21.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock valued at $138,000 after purchasing an additional 258 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of VSE by 14.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company's stock valued at $175,000 after purchasing an additional 233 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of VSE during the 4th quarter valued at about $226,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

VSE Price Performance

NASDAQ:VSEC traded up $2.53 during trading hours on Friday, hitting $130.26. 922,681 shares of the stock traded hands, compared to its average volume of 223,909. The company has a quick ratio of 2.12, a current ratio of 3.90 and a debt-to-equity ratio of 0.47. VSE Corporation has a 1 year low of $73.36 and a 1 year high of $140.64. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 162.83 and a beta of 1.28. The stock has a 50 day moving average price of $127.37 and a 200 day moving average price of $114.01.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.23. VSE had a net margin of 1.41% and a return on equity of 6.62%. The business had revenue of $256.05 million for the quarter, compared to the consensus estimate of $248.20 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company's revenue for the quarter was up 57.6% on a year-over-year basis. Sell-side analysts forecast that VSE Corporation will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's dividend payout ratio (DPR) is presently 50.00%.

Insider Buying and Selling

In related news, Director Anita D. Britt sold 2,869 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $129.38, for a total value of $371,191.22. Following the sale, the director now owns 3,837 shares in the company, valued at approximately $496,431.06. The trade was a 42.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 14.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on VSEC shares. Wall Street Zen raised shares of VSE to a "sell" rating in a research report on Thursday, March 6th. Truist Financial raised their target price on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. B. Riley lifted their price target on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada lifted their price target on shares of VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company's stock. According to data from MarketBeat, VSE currently has an average rating of "Moderate Buy" and an average price target of $125.17.

VSE Company Profile

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.