Lisanti Capital Growth LLC lifted its stake in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 14.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,940 shares of the construction company's stock after purchasing an additional 6,370 shares during the quarter. Lisanti Capital Growth LLC owned 0.32% of VSE worth $4,497,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of VSE by 8.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company's stock valued at $500,000 after purchasing an additional 465 shares during the period. Innealta Capital LLC bought a new position in VSE in the 2nd quarter worth about $42,000. Fisher Asset Management LLC raised its holdings in shares of VSE by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 25,093 shares of the construction company's stock valued at $1,621,000 after acquiring an additional 710 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of VSE by 5.2% during the 1st quarter. Principal Financial Group Inc. now owns 20,916 shares of the construction company's stock valued at $1,673,000 after acquiring an additional 1,033 shares during the last quarter. Finally, AJOVista LLC bought a new stake in shares of VSE during the 4th quarter valued at about $75,000. 91.54% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
VSEC has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of VSE in a research note on Wednesday, August 14th. They issued a "buy" rating and a $100.00 target price on the stock. Stifel Nicolaus initiated coverage on shares of VSE in a report on Friday, June 28th. They set a "buy" rating and a $101.00 price objective for the company. Benchmark reissued a "buy" rating and issued a $100.00 target price on shares of VSE in a research note on Friday, August 2nd. B. Riley lifted their price target on VSE from $91.00 to $101.00 and gave the stock a "buy" rating in a research note on Friday, May 10th. Finally, Truist Financial upped their price objective on VSE from $92.00 to $97.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.83.
Get Our Latest Report on VSE
Insider Activity
In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the completion of the sale, the insider now owns 463,284 shares of the company's stock, valued at $42,543,369.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 14.60% of the company's stock.
VSE Price Performance
NASDAQ VSEC traded up $0.93 on Friday, reaching $93.03. 89,885 shares of the company's stock traded hands, compared to its average volume of 140,997. VSE Co. has a 12 month low of $48.47 and a 12 month high of $94.10. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.53 and a quick ratio of 1.17. The stock has a 50-day simple moving average of $87.85 and a 200 day simple moving average of $81.53. The stock has a market cap of $1.71 billion, a PE ratio of 20.22 and a beta of 1.59.
VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). VSE had a net margin of 1.21% and a return on equity of 7.87%. The business had revenue of $265.96 million for the quarter, compared to the consensus estimate of $256.60 million. As a group, research analysts predict that VSE Co. will post 3.06 earnings per share for the current year.
VSE Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Wednesday, November 6th. VSE's dividend payout ratio (DPR) is presently 8.70%.
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.
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