VSE Corporation $VSEC Shares Sold by Moore Capital Management LP

Moore Capital Management LP decreased its holdings in VSE Corporation (NASDAQ:VSEC) by 63.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,107 shares of the construction company’s stock after selling 28,516 shares during the quarter. Moore Capital Management LP’s holdings in VSE were worth $3,680,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of VSE in the second quarter worth approximately $25,000. Allworth Financial LP purchased a new stake in VSE in the second quarter valued at approximately $29,000. GAMMA Investing LLC increased its position in VSE by 89.0% during 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 last quarter. Transamerica Financial Advisors LLC acquired a new position in VSE during the second quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC raised its stake in VSE by 145.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analysts Set New Price Targets

VSEC has been the topic of a number of research analyst reports. B. Riley Financial reiterated a “buy” rating on shares of VSE in a report on Friday, August 7th. Zacks Research lowered VSE from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft lifted their target price on VSE from $280.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Morgan Stanley set a $230.00 price target on VSE in a research note on Wednesday, July 15th. Finally, Stifel Nicolaus raised their price objective on VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, VSE has a consensus rating of “Moderate Buy” and a consensus target price of $252.22.

Insider Buying and Selling at VSE

In related news, CEO John A. Cuomo sold 17,500 shares of VSE stock in a transaction on Monday, August 17th. The shares were sold at an average price of $242.49, for a total transaction of $4,243,575.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Benjamin E. Thomas sold 6,500 shares of the business’s 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 completion of the transaction, the chief operating officer owned 42,839 shares in the company, valued at $8,431,571.98. This represents a 13.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.80% of the company’s stock.

VSE Stock Performance

VSE stock opened at $208.68 on Tuesday. The firm has a market capitalization of $5.86 billion, a PE ratio of 66.88, a price-to-earnings-growth ratio of 1.03 and a beta of 1.23. VSE Corporation has a one year low of $154.67 and a one year high of $247.85. The stock’s 50 day moving average price is $215.83 and its 200 day moving average price is $202.21. 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 issued 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 company had revenue of $449.14 million during the quarter, compared to the consensus estimate of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. VSE’s revenue for the quarter was up 65.0% on a year-over-year basis. During the same quarter last year, the company earned $0.97 earnings per share. As a group, sell-side analysts expect that VSE Corporation will post 5.78 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. Investors 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 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%.

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.