VSE Corporation $VSEC Stock: Lisanti Capital Growth LLC Trims Holdings

Lisanti Capital Growth LLC reduced its holdings in VSE Corporation (NASDAQ:VSEC) by 28.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,474 shares of the construction company’s stock after selling 6,280 shares during the quarter. Lisanti Capital Growth LLC owned 0.06% of VSE worth $2,549,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in VSE during the 2nd quarter worth $44,103,000. American Capital Management Inc. acquired a new position in shares of VSE during the second quarter valued at $29,461,000. Conestoga Capital Advisors LLC acquired a new position in shares of VSE during the third quarter valued at $21,218,000. Bamco Inc. NY bought a new stake in shares of VSE during the second quarter valued at about $22,888,000. Finally, Freestone Grove Partners LP bought a new stake in shares of VSE during the second quarter valued at about $18,721,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VSEC has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on shares of VSE from $245.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. B. Riley Financial dropped their price target on shares of VSE from $280.00 to $265.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Guggenheim assumed coverage on shares of VSE in a research report on Monday, September 14th. They set a “neutral” rating on the stock. Stifel Nicolaus upped their price target on shares of VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada raised their price objective on shares of VSE from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, VSE has an average rating of “Moderate Buy” and an average target price of $254.00.

VSE Price Performance

Shares of NASDAQ VSEC opened at $191.94 on Thursday. VSE Corporation has a twelve month low of $138.85 and a twelve month high of $247.85. The company has a current ratio of 3.63, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $171.95 and a two-hundred day moving average of $194.73. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 43.43, a PEG ratio of 0.76 and a beta of 1.26.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, November 4th. The construction company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.25. VSE had a net margin of 7.87% and a return on equity of 7.10%. The company had revenue of $541.01 million for the quarter, compared to analysts’ expectations of $512.13 million. During the same quarter in the previous year, the company posted $0.99 EPS. The business’s revenue was up 91.2% compared to the same quarter last year. As a group, analysts expect that VSE Corporation will post 6.72 earnings per share for the current fiscal year.

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be given a $0.10 dividend. The ex-dividend date is Friday, January 15th. This represents a $0.40 annualized dividend and a yield of 0.2%. VSE’s payout ratio is 9.05%.

Insider Transactions at VSE

In other VSE news, CEO John Cuomo sold 17,500 shares of the company’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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

VSE Company Profile

VSE is an aftermarket aviation services and parts provider. The company distributes replacement parts and supplies repair, maintenance, and other support services for commercial, business, and general aviation customers. Its aviation business works with airlines, aircraft operators, maintenance providers, and original equipment manufacturers to help keep aircraft and related components in service. VSE serves customers in the United States and international markets. Founded in 1959, VSE began as a provider of engineering and technical services to the U.S. government and later expanded into aviation aftermarket services.