21,754 Shares in VSE Corporation $VSEC Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC purchased a new stake in shares of VSE Corporation (NASDAQ:VSEC) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 21,754 shares of the construction company’s stock, valued at approximately $4,971,000.

Several other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC grew its holdings in VSE by 89.0% in the second 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. EverSource Wealth Advisors LLC lifted its holdings in shares of VSE by 145.7% during 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 during the last quarter. Global Retirement Partners LLC bought a new stake in shares of VSE in the 2nd quarter worth approximately $51,000. Farther Finance Advisors LLC boosted its position in shares of VSE by 17.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock worth $381,000 after purchasing an additional 323 shares in the last quarter. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of VSE in the 2nd quarter worth approximately $90,000. Institutional investors own 91.54% of the company’s stock.

VSE Price Performance

Shares of VSEC opened at $230.42 on Thursday. The company has a market capitalization of $6.47 billion, a P/E ratio of 73.85, a price-to-earnings-growth ratio of 1.13 and a beta of 1.23. 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 firm has a 50 day moving average of $214.07 and a 200 day moving average of $201.28. VSE Corporation has a twelve month low of $154.67 and a twelve month high of $247.85.

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

VSE Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. VSE’s payout ratio is currently 12.82%.

Analyst Upgrades and Downgrades

VSEC has been the subject of a number of analyst reports. Truist Financial raised VSE to a “strong-buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft boosted their target price on VSE from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Royal Bank Of Canada raised their price target on VSE from $240.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Citigroup raised their price target on VSE from $263.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $275.00 price target on shares of VSE in a research note on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, VSE currently has an average rating of “Moderate Buy” and an average price target of $252.22.

Insider Buying and Selling at VSE

In related news, COO Benjamin E. Thomas sold 6,500 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $196.82, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John A. Cuomo sold 17,500 shares of VSE stock in a transaction dated 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 sale, the chief executive officer owned 169,537 shares of the company’s stock, valued at $41,111,027.13. The trade was a 9.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by 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.