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

Insight Wealth Strategies LLC purchased a new stake in VSE Corporation (NASDAQ:VSEC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 26,100 shares of the construction company’s stock, valued at approximately $4,299,000. Insight Wealth Strategies LLC owned 0.09% of VSE as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VSEC. WINTON GROUP Ltd acquired a new position in VSE in the 2nd quarter worth $2,545,000. Jupiter Topco LLC acquired a new stake in shares of VSE during the second quarter valued at about $2,783,000. Wellington Management Group LLP purchased a new stake in shares of VSE during the second quarter worth about $13,164,000. Susquehanna Fundamental Investments LLC lifted its stake in shares of VSE by 956.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 37,536 shares of the construction company’s stock worth $8,577,000 after acquiring an additional 33,983 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in VSE in the second quarter valued at about $1,120,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VSEC has been the topic of several analyst reports. Citigroup restated a “buy” rating on shares of VSE in a report on Wednesday. Morgan Stanley set a $230.00 target price on VSE in a research note on Wednesday, July 15th. Guggenheim started coverage on shares of VSE in a research note on Monday, September 14th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of VSE from $280.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Finally, B. Riley Financial reiterated a “buy” rating on shares of VSE in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.00.

Insider Activity

In other news, CEO John Cuomo sold 17,500 shares of VSE stock in a transaction dated Monday, August 17th. The shares were 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 directly owned 169,537 shares of the company’s stock, valued at approximately $41,111,027.13. The trade was a 9.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

VSE Stock Performance

NASDAQ:VSEC traded up $1.66 during trading hours on Friday, reaching $171.63. 150,579 shares of the stock were exchanged, compared to its average volume of 530,408. 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 simple moving average of $200.28 and a 200-day simple moving average of $196.83. VSE Corporation has a 52 week low of $154.67 and a 52 week high of $247.85. The stock has a market capitalization of $4.82 billion, a P/E ratio of 55.00, a P/E/G ratio of 0.69 and a beta of 1.27.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.82. VSE had a return on equity of 6.71% and a net margin of 6.17%.The business had revenue of $449.14 million during the quarter, compared to the consensus estimate of $425.03 million. During the same period in the previous year, the business earned $0.97 EPS. The business’s quarterly revenue was up 65.0% on a year-over-year basis. As a group, sell-side analysts forecast that VSE Corporation will post 6.75 earnings per share for the current fiscal year.

VSE Announces Dividend

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