Wealth Enhancement Advisory Services LLC bought a new position in VSE Corporation (NASDAQ:VSEC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,372 shares of the construction company's stock, valued at approximately $226,000.
A number of other institutional investors have also bought and sold shares of VSEC. Rhumbline Advisers raised its position in shares of VSE by 12.5% during the 4th quarter. Rhumbline Advisers now owns 25,727 shares of the construction company's stock valued at $2,447,000 after buying an additional 2,866 shares during the period. Truist Financial Corp purchased a new stake in shares of VSE during the 4th quarter valued at approximately $557,000. New York State Common Retirement Fund raised its position in shares of VSE by 178.3% during the 4th quarter. New York State Common Retirement Fund now owns 128,876 shares of the construction company's stock valued at $12,256,000 after buying an additional 82,576 shares during the period. Wealthspire Advisors LLC raised its position in shares of VSE by 106.7% during the 4th quarter. Wealthspire Advisors LLC now owns 13,490 shares of the construction company's stock valued at $1,283,000 after buying an additional 6,965 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of VSE by 3.1% during the 4th quarter. Bank of New York Mellon Corp now owns 80,972 shares of the construction company's stock valued at $7,700,000 after buying an additional 2,429 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Truist Financial lifted their price target on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada lifted their price target on shares of VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of VSE to a "sell" rating in a report on Thursday, March 6th. Finally, B. Riley lifted their target price on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company's stock. According to MarketBeat, VSE presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.17.
Check Out Our Latest Stock Report on VSEC
Insider Buying and Selling at VSE
In other news, Director Anita D. Britt sold 2,869 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $129.38, for a total transaction of $371,191.22. Following the sale, the director now owns 3,837 shares of the company's stock, valued at $496,431.06. The trade was a 42.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.60% of the stock is owned by corporate insiders.
VSE Stock Up 1.0%
Shares of NASDAQ:VSEC traded up $1.33 during trading on Thursday, hitting $135.78. The company's stock had a trading volume of 142,245 shares, compared to its average volume of 221,132. The business has a 50 day moving average price of $124.95 and a two-hundred day moving average price of $113.34. The company has a market capitalization of $2.81 billion, a PE ratio of 169.73 and a beta of 1.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.12 and a current ratio of 3.90. VSE Corporation has a fifty-two week low of $73.36 and a fifty-two week high of $140.64.
VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.55 by $0.23. The firm had revenue of $256.05 million for the quarter, compared to analyst estimates of $248.20 million. VSE had a return on equity of 6.62% and a net margin of 1.41%. VSE's revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 earnings per share. As a group, research analysts expect that VSE Corporation will post 2.96 EPS for the current fiscal year.
VSE Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's dividend payout ratio is presently 50.00%.
About VSE
(
Free Report)
VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.
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