Conestoga Capital Advisors LLC Purchases New Shares in VSE Corporation $VSEC

Conestoga Capital Advisors LLC purchased a new position in VSE Corporation (NASDAQ:VSEC) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 128,827 shares of the construction company’s stock, valued at approximately $21,218,000.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in VSE during the second quarter valued at $44,103,000. American Capital Management Inc. bought a new position in shares of VSE in the 2nd quarter worth about $29,461,000. Bamco Inc. NY bought a new position in shares of VSE in the 2nd quarter worth about $22,888,000. Freestone Grove Partners LP bought a new stake in VSE during the second quarter worth about $18,721,000. Finally, Osterweis Capital Management Inc. bought a new stake in VSE during the second quarter worth about $16,383,000. Institutional investors own 91.54% of the company’s stock.

VSE Trading Up 0.6%

VSEC opened at $163.96 on Thursday. VSE Corporation has a 52 week low of $138.85 and a 52 week high of $247.85. The firm has a market cap of $4.60 billion, a P/E ratio of 52.55, a P/E/G ratio of 0.67 and a beta of 1.26. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $175.24 and a 200-day simple moving average of $195.50.

VSE (NASDAQ:VSEC) last announced its earnings results on Wednesday, November 4th. The construction company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.25. VSE had a net margin of 6.17% and a return on equity of 6.71%. The business had revenue of $541.01 million during the quarter, compared to analysts’ expectations of $512.13 million. During the same period in the prior year, the company earned $0.99 earnings per share. The business’s revenue was up 91.2% compared to the same quarter last year. On average, equities analysts expect that VSE Corporation will post 6.72 earnings per share for the current year.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be paid 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 is Friday, January 15th. VSE’s dividend payout ratio is 12.82%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VSEC. Deutsche Bank Aktiengesellschaft increased their price objective on shares of VSE from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Zacks Research upgraded shares of VSE from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Stifel Nicolaus increased their price target on shares of VSE from $245.00 to $260.00 and gave the company a “buy” rating in a report on Monday, August 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of VSE in a report on Friday, October 16th. Finally, Royal Bank Of Canada lowered their price target on shares of VSE from $265.00 to $220.00 and set an “outperform” rating on the stock in a report on Wednesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $253.38.

Insider Activity at VSE

In other news, CEO John Cuomo sold 17,500 shares of the 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 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 represents a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

VSE Company Profile

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, overhaul, engineering, logistics and other sustainment services for government and commercial customers. The company supports complex assets and supply chains, with activities spanning aviation, defense, transportation and fleet markets.

Through its aviation businesses, VSE distributes aircraft parts and provides maintenance, repair and overhaul services for commercial, general aviation, business and government aircraft.