Wealth Enhancement Advisory Services LLC Acquires 2,236 Shares of VSE Corporation (NASDAQ:VSEC)

Wealth Enhancement Advisory Services LLC raised its holdings in VSE Corporation (NASDAQ:VSEC - Free Report) by 94.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,608 shares of the construction company's stock after acquiring an additional 2,236 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in VSE were worth $553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC raised its holdings in VSE by 857.1% in the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock worth $45,000 after purchasing an additional 420 shares during the period. Quantbot Technologies LP acquired a new stake in VSE in the fourth quarter worth $47,000. Tower Research Capital LLC TRC raised its holdings in VSE by 21.7% in 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 during the period. Summit Investment Advisors Inc. raised 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 worth $175,000 after purchasing an additional 233 shares during the period. Finally, M&T Bank Corp acquired a new stake in VSE in the fourth quarter worth $239,000. 91.54% of the stock is owned by institutional investors.

VSE Trading Down 1.9%

Shares of NASDAQ:VSEC opened at $127.89 on Friday. VSE Corporation has a 12 month low of $73.36 and a 12 month high of $140.64. The company has a quick ratio of 2.12, a current ratio of 3.90 and a debt-to-equity ratio of 0.47. The company's fifty day simple moving average is $129.85 and its 200 day simple moving average is $114.76. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 159.86 and a beta of 1.26.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $248.20 million. During the same period last year, the business posted $0.45 earnings per share. The firm's quarterly revenue was up 57.6% on a year-over-year basis. As a group, research analysts forecast that VSE Corporation will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

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 paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.40 annualized dividend and a yield of 0.31%. VSE's payout ratio is currently 50.00%.

Insider Transactions at VSE

In other VSE news, Director Anita D. Britt sold 2,869 shares of VSE 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 directly owned 3,837 shares in the company, valued at approximately $496,431.06. The trade was a 42.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 14.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VSEC shares. Royal Bank Of Canada increased their target price on shares of VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. B. Riley increased their target price on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Truist Financial raised their price objective on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, VSE currently has an average rating of "Moderate Buy" and an average price target of $130.00.

About VSE

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.

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