4,424 Shares in VSE Corporation $VSEC Purchased by Empowered Funds LLC

Empowered Funds LLC acquired a new position in VSE Corporation (NASDAQ:VSEC) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,424 shares of the construction company’s stock, valued at approximately $1,011,000.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in VSE during the second quarter valued at approximately $25,000. Allworth Financial LP bought a new position in shares of VSE during the 2nd quarter worth approximately $29,000. Transamerica Financial Advisors LLC acquired a new stake in shares of VSE in the second quarter valued at $32,000. Global Retirement Partners LLC bought a new stake in VSE during the 2nd quarter worth about $51,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of VSE by 145.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after acquiring an additional 153 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on VSEC shares. Weiss Ratings raised shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. 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 research report on Tuesday, August 11th. B. Riley Financial reissued a “buy” rating on shares of VSE in a research report on Friday, August 7th. Citigroup lifted their price objective on shares of VSE from $263.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Morgan Stanley set a $230.00 price objective on shares of VSE in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.22.

VSE Price Performance

NASDAQ:VSEC opened at $203.91 on Friday. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31. VSE Corporation has a 52 week low of $154.67 and a 52 week high of $247.85. The business’s 50-day simple moving average is $214.35 and its two-hundred day simple moving average is $202.13. The stock has a market cap of $5.72 billion, a PE ratio of 65.36, a P/E/G ratio of 0.83 and a beta of 1.24.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.82. VSE had a return on equity of 6.71% and a net margin of 6.17%.The company had revenue of $449.14 million for the quarter, compared to analysts’ expectations of $425.03 million. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm’s revenue for the quarter was up 65.0% on a year-over-year basis. As a group, analysts forecast that VSE Corporation will post 6.77 EPS for the current fiscal year.

VSE Dividend Announcement

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

Insider Activity

In other news, COO Benjamin E. Thomas sold 6,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the sale, the chief operating officer owned 42,839 shares of the company’s stock, valued at $8,431,571.98. This trade represents a 13.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John A. Cuomo sold 17,500 shares of the stock in a transaction that occurred 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 in the company, valued at $41,111,027.13. This represents a 9.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.80% of the company’s stock.

About VSE

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.