J. Goldman & Co LP Buys New Position in VSE Corporation $VSEC

J. Goldman & Co LP bought a new stake in VSE Corporation (NASDAQ:VSEC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 13,298 shares of the construction company’s stock, valued at approximately $3,039,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Allworth Financial LP acquired a new stake in shares of VSE during the second quarter worth about $29,000. GAMMA Investing LLC grew its holdings in shares of VSE by 89.0% in the second quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $63,000 after purchasing an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of VSE by 145.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after purchasing an additional 153 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of VSE in the second quarter valued at approximately $51,000. Finally, Farther Finance Advisors LLC increased its stake in VSE by 17.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock worth $381,000 after buying an additional 323 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

VSE Stock Up 1.2%

Shares of NASDAQ:VSEC opened at $217.65 on Wednesday. The firm’s 50 day moving average price is $215.62 and its 200 day moving average price is $201.74. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 69.76, a price-to-earnings-growth ratio of 1.03 and a beta of 1.23. VSE Corporation has a fifty-two week low of $154.67 and a fifty-two week high of $247.85. 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 posted 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 company had revenue of $449.14 million during the quarter, compared to analysts’ expectations of $425.03 million. During the same quarter in the previous year, the business posted $0.97 EPS. The firm’s revenue was up 65.0% on a year-over-year basis. As a group, equities research analysts predict that VSE Corporation will post 5.78 earnings per share for the current fiscal year.

VSE Dividend Announcement

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

Insiders Place Their Bets

In other VSE news, CEO John A. Cuomo sold 17,500 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $242.49, for a total value of $4,243,575.00. Following the sale, the chief executive officer directly owned 169,537 shares in the company, valued at $41,111,027.13. This trade represents a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Benjamin E. Thomas sold 6,500 shares of VSE stock in a transaction dated 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 sale, the chief operating officer directly owned 42,839 shares of the company’s stock, valued at $8,431,571.98. This trade represents a 13.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Truist Financial upgraded shares of VSE to a “strong-buy” rating in a report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and issued a $275.00 price target on shares of VSE in a research note on Sunday, August 9th. Zacks Research lowered VSE from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft increased their price objective on VSE from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, Stifel Nicolaus lifted their target price on VSE from $245.00 to $260.00 and gave the company a “buy” rating in a report on Monday, August 10th. 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 stock. According to data from MarketBeat.com, VSE presently has an average rating of “Moderate Buy” and an average target price of $252.22.

VSE Company 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.