11,140 Shares in VSE Corporation $VSEC Bought by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new position in VSE Corporation (NASDAQ:VSEC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,140 shares of the construction company’s stock, valued at approximately $2,545,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its holdings in shares of VSE by 21,258.2% during the second quarter. California State Teachers Retirement System now owns 7,036,886 shares of the construction company’s stock valued at $1,607,928,000 after acquiring an additional 7,003,939 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of VSE in the 2nd quarter worth about $44,103,000. American Capital Management Inc. bought a new stake in VSE in the 2nd quarter valued at about $29,461,000. Bamco Inc. NY acquired a new position in VSE during the 2nd quarter valued at about $22,888,000. Finally, Freestone Grove Partners LP acquired a new position in VSE during the 2nd quarter valued at about $18,721,000. 91.54% of the stock is currently owned by institutional investors.

Insider Activity at VSE

In related news, CEO John Cuomo sold 17,500 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $242.49, for a total transaction of $4,243,575.00. Following the completion of the sale, the chief executive officer directly owned 169,537 shares of the company’s stock, valued at $41,111,027.13. This represents a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on VSEC. Deutsche Bank Aktiengesellschaft raised their price target on shares of VSE from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada increased their price objective on VSE from $240.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Morgan Stanley set a $230.00 target price on VSE in a research report on Wednesday, July 15th. B. Riley Financial reaffirmed a “buy” rating on shares of VSE in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded VSE from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $252.22.

VSE Trading Up 1.2%

Shares of VSE stock opened at $194.98 on Friday. The business has a fifty day simple moving average of $211.35 and a 200-day simple moving average of $201.50. VSE Corporation has a fifty-two week low of $154.67 and a fifty-two week high of $247.85. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 62.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.24. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.93 by $0.82. VSE had a net margin of 6.17% and a return on equity of 6.71%. The firm had revenue of $449.14 million for the quarter, compared to analysts’ expectations of $425.03 million. During the same period in the previous year, the business earned $0.97 earnings per share. VSE’s revenue for the quarter was up 65.0% compared to the same quarter last year. On average, equities analysts forecast that VSE Corporation will post 6.77 EPS for the current fiscal year.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, October 15th. VSE’s payout ratio is presently 12.82%.

VSE Profile

VSE Corporation (NASDAQ: VSEC) is a diversified provider of aftermarket distribution, logistics, maintenance, repair and overhaul, and engineering services. The company primarily serves the U.S. government, commercial aviation operators, aerospace manufacturers, and fleet customers through specialized operating businesses.

VSE’s Federal and Defense operations support the U.S. Department of Defense and other government agencies with supply-chain management, equipment sustainment, modernization, engineering, and logistics services.