Wisconsin Capital Management LLC lifted its stake in VSE Co. (NASDAQ:VSEC - Free Report) by 27.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,650 shares of the construction company's stock after purchasing an additional 10,850 shares during the quarter. VSE comprises about 2.3% of Wisconsin Capital Management LLC's portfolio, making the stock its 18th largest holding. Wisconsin Capital Management LLC owned about 0.32% of VSE worth $4,471,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in VSE during the 2nd quarter worth about $42,000. AJOVista LLC purchased a new stake in VSE in the fourth quarter valued at approximately $75,000. Park Avenue Securities LLC purchased a new stake in VSE in the first quarter valued at approximately $221,000. Caprock Group LLC acquired a new position in VSE in the 1st quarter worth approximately $241,000. Finally, Simplex Trading LLC purchased a new position in VSE during the 4th quarter worth approximately $199,000. 91.54% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at VSE
In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $91.83, for a total value of $1,404,999.00. Following the transaction, the insider now directly owns 463,284 shares of the company's stock, valued at approximately $42,543,369.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 14.60% of the company's stock.
VSE Price Performance
VSEC stock traded up $0.93 during mid-day trading on Monday, reaching $93.03. 89,800 shares of the company's stock were exchanged, compared to its average volume of 132,173. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.17 and a current ratio of 3.53. VSE Co. has a 12-month low of $48.47 and a 12-month high of $94.10. The stock's 50 day moving average is $87.98 and its 200 day moving average is $81.68.
VSE (NASDAQ:VSEC - Get Free Report) last announced its earnings results on Wednesday, July 31st. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). The business had revenue of $265.96 million for the quarter, compared to analysts' expectations of $256.60 million. VSE had a net margin of 1.21% and a return on equity of 7.87%. Equities research analysts anticipate that VSE Co. will post 3.06 EPS for the current fiscal year.
VSE Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be given a $0.10 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.43%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Benchmark reiterated a "buy" rating and issued a $100.00 price objective on shares of VSE in a research note on Friday, August 2nd. B. Riley increased their price target on VSE from $91.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, May 10th. Truist Financial lifted their price objective on VSE from $92.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th. Royal Bank of Canada restated an "outperform" rating and issued a $100.00 target price on shares of VSE in a research note on Thursday, August 1st. Finally, Jefferies Financial Group initiated coverage on VSE in a research report on Wednesday, August 14th. They set a "buy" rating and a $100.00 price target for the company. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $99.83.
Check Out Our Latest Stock Analysis on VSE
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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