Legal & General Group Plc Buys New Shares in VSE Corporation $VSEC

Legal & General Group Plc bought a new position in shares of VSE Corporation (NASDAQ:VSEC) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 62,772 shares of the construction company’s stock, valued at approximately $14,343,000.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP bought a new position in VSE in the second quarter valued at approximately $29,000. GAMMA Investing LLC raised its stake in shares of VSE by 89.0% during the 2nd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $63,000 after purchasing an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of VSE by 145.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after purchasing an additional 153 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of VSE in the 2nd quarter valued at approximately $51,000. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of VSE in the 2nd quarter valued at approximately $90,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Benjamin E. Thomas sold 6,500 shares of VSE stock in a transaction dated 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 completion of the sale, the chief operating officer owned 42,839 shares of the company’s stock, valued at approximately $8,431,571.98. The trade was a 13.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John A. Cuomo sold 17,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer 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 disclosure for this sale is available in the SEC filing. Insiders own 1.80% of the company’s stock.

VSE Price Performance

VSEC opened at $215.82 on Monday. The stock’s fifty day simple moving average is $215.97 and its 200 day simple moving average is $202.23. VSE Corporation has a 1-year low of $154.67 and a 1-year high of $247.85. The stock has a market cap of $6.06 billion, a PE ratio of 69.17, a price-to-earnings-growth ratio of 1.03 and a beta of 1.23. The company has a current ratio of 3.77, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.82. VSE had a net margin of 6.17% and a return on equity of 6.71%. The firm had revenue of $449.14 million during the quarter, compared to analysts’ expectations of $425.03 million. During the same period in the previous year, the business posted $0.97 earnings per share. The company’s revenue for the quarter was up 65.0% compared to the same quarter last year. As a group, research analysts expect that VSE Corporation will post 5.78 earnings per share for the current year.

VSE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date is Thursday, October 15th. VSE’s dividend payout ratio (DPR) is currently 12.82%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on VSEC shares. Citigroup boosted their target price on shares of VSE from $263.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Weiss Ratings raised shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of VSE from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Zacks Research cut shares of VSE from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada raised their target price on shares of VSE from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.22.

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.