26,100 Shares in VSE Corporation $VSEC Purchased by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC acquired a new position in shares of VSE Corporation (NASDAQ:VSEC) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 26,100 shares of the construction company’s stock, valued at approximately $4,299,000.

Several other large investors have also recently added to or reduced their stakes in VSEC. GAMMA Investing LLC lifted its stake in VSE by 92.4% in the third quarter. GAMMA Investing LLC now owns 531 shares of the construction company’s stock valued at $87,000 after buying an additional 255 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of VSE by 5.4% during the third quarter. Farther Finance Advisors LLC now owns 1,764 shares of the construction company’s stock worth $291,000 after acquiring an additional 90 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of VSE in the 2nd quarter worth about $2,545,000. Integrated Wealth Concepts LLC lifted its position in VSE by 5.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,119 shares of the construction company’s stock valued at $1,170,000 after purchasing an additional 245 shares during the last quarter. Finally, Allworth Financial LP lifted its position in VSE by 158.0% in the 2nd quarter. Allworth Financial LP now owns 129 shares of the construction company’s stock valued at $29,000 after purchasing an additional 79 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VSEC has been the topic of several analyst reports. 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. Weiss Ratings raised VSE from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. 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, Jefferies Financial Group reiterated a “buy” rating and set a $275.00 price target on shares of VSE in a research report on Sunday, August 9th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, VSE currently has a consensus rating of “Moderate Buy” and an average target price of $260.00.

Insider Activity

In other news, CEO John Cuomo sold 17,500 shares of VSE stock in a transaction on Monday, August 17th. The stock was sold at an average price of $242.49, for a total transaction of $4,243,575.00. Following the transaction, the chief executive officer directly owned 169,537 shares in the company, valued at approximately $41,111,027.13. This trade represents a 9.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

VSE Price Performance

Shares of VSEC stock traded up $1.66 during midday trading on Friday, reaching $171.63. 150,579 shares of the company were exchanged, compared to its average volume of 530,408. The company’s 50 day moving average price is $200.28 and its two-hundred day moving average price is $196.83. The company has a market cap of $4.82 billion, a P/E ratio of 55.00, a PEG ratio of 0.69 and a beta of 1.27. VSE Corporation has a 12 month low of $154.67 and a 12 month high of $247.85. 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 posted 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. VSE had a net margin of 6.17% and a return on equity of 6.71%. The business had revenue of $449.14 million during the quarter, compared to analysts’ expectations of $425.03 million. During the same period last year, the firm posted $0.97 earnings per share. The business’s revenue was up 65.0% on a year-over-year basis. On average, sell-side analysts expect that VSE Corporation will post 6.75 earnings per share for the current year.

VSE Dividend Announcement

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

About VSE

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, engineering and logistics services. The company serves U.S. government agencies, defense organizations and commercial customers through specialized operating businesses focused on aviation, fleet management and federal services.

VSE Aviation distributes aircraft parts and related products and provides maintenance, repair and overhaul services for engines, components and other aviation systems. Its Fleet segment supports vehicle lifecycle management by supplying parts and providing maintenance, engineering and logistics services for government and commercial fleets.