Jupiter Topco LLC Buys Shares of 12,184 VSE Corporation $VSEC

Jupiter Topco LLC bought a new position in shares of VSE Corporation (NASDAQ:VSEC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,184 shares of the construction company’s stock, valued at approximately $2,783,000.

A number of other institutional investors have also made changes to their positions in the stock. Allworth Financial LP purchased a new stake in shares of VSE in the 2nd quarter valued at approximately $29,000. Global Retirement Partners LLC acquired a new position in shares of VSE in the 2nd quarter worth approximately $51,000. EverSource Wealth Advisors LLC boosted its position in shares of VSE by 145.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after purchasing an additional 153 shares during the period. GAMMA Investing LLC boosted its position in shares of VSE by 89.0% during the 2nd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $63,000 after purchasing an additional 130 shares during the period. Finally, Persistent Asset Partners Ltd acquired a new stake in VSE in the 2nd quarter valued at approximately $90,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Trading Down 0.8%

Shares of VSEC stock opened at $196.57 on Thursday. VSE Corporation has a fifty-two week low of $154.67 and a fifty-two week high of $247.85. The company has a 50 day moving average price of $215.10 and a 200 day moving average price of $202.11. The stock has a market capitalization of $5.52 billion, a P/E ratio of 63.00, a price-to-earnings-growth ratio of 0.95 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 3.77.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.82. VSE had a net margin of 6.17% and a return on equity of 6.71%. The company had revenue of $449.14 million for the quarter, compared to analyst estimates of $425.03 million. During the same period in the prior year, the business earned $0.97 EPS. The firm’s quarterly revenue was up 65.0% on a year-over-year basis. Equities research analysts predict that VSE Corporation will post 5.78 EPS for the current fiscal year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, October 15th. VSE’s dividend payout ratio (DPR) is presently 12.82%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VSEC shares. Citigroup boosted their target price on VSE from $263.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded VSE from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Royal Bank Of Canada lifted their price objective on VSE from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. B. Riley Financial reiterated a “buy” rating on shares of VSE in a report on Friday, August 7th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $275.00 target price on shares of VSE in a research note on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $252.22.

Insider Buying and Selling at VSE

In related news, COO Benjamin E. Thomas sold 6,500 shares of VSE stock in a transaction on Friday, June 12th. The stock was sold at an average price of $196.82, for a total value of $1,279,330.00. Following the completion of the transaction, the chief operating officer directly owned 42,839 shares in the company, valued at approximately $8,431,571.98. This trade represents a 13.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John A. Cuomo sold 17,500 shares of VSE stock in a transaction on Monday, August 17th. The shares were sold at an average price of $242.49, for a total value of $4,243,575.00. Following the completion of the transaction, the chief executive officer owned 169,537 shares of the company’s stock, valued at approximately $41,111,027.13. This trade represents a 9.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is currently owned by company insiders.

VSE Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.