Moran Wealth Management LLC bought a new position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,842 shares of the construction company's stock, valued at approximately $581,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its holdings in shares of VSE by 857.1% in the 4th quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock worth $45,000 after acquiring an additional 420 shares during the period. Quantbot Technologies LP acquired a new position in VSE during the fourth quarter worth $47,000. Tower Research Capital LLC TRC boosted its position in VSE by 21.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after purchasing an additional 258 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in VSE by 14.5% in the fourth 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 acquired a new stake in VSE in the fourth quarter valued at $226,000. 91.54% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at VSE
In other news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction on Friday, May 9th. The stock was sold at an average price of $129.38, for a total value of $371,191.22. Following the completion of the sale, the director owned 3,837 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on VSEC. Royal Bank Of Canada lifted their price target on VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. B. Riley raised their target price on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Truist Financial upped their price target on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of VSE to a "sell" rating in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, VSE has a consensus rating of "Moderate Buy" and an average target price of $130.00.
Get Our Latest Stock Report on VSE
VSE Price Performance
VSEC stock traded up $0.72 during trading on Monday, hitting $130.98. The stock had a trading volume of 200,348 shares, compared to its average volume of 223,248. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 163.73 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.12 and a current ratio of 3.90. The company's 50 day moving average price is $128.37 and its two-hundred day moving average price is $114.29. VSE Corporation has a 1-year low of $73.36 and a 1-year high of $140.64.
VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.23. The business had revenue of $256.05 million during the quarter, compared to the consensus estimate of $248.20 million. VSE had a net margin of 1.41% and a return on equity of 6.62%. The company's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. On average, sell-side analysts forecast that VSE Corporation will post 2.96 EPS for the current fiscal year.
VSE Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, July 16th. This represents a $0.40 annualized dividend and a yield of 0.31%. VSE's dividend payout ratio (DPR) is presently 50.00%.
About VSE
(
Free Report)
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.
Recommended Stories
Before you consider VSE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VSE wasn't on the list.
While VSE currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
