Ameriprise Financial Inc. Raises Holdings in VSE Corporation $VSEC

Key Points

• Ameriprise Financial Inc. has increased its stake in VSE Corporation by 48.5%, now owning 1,063,832 shares valued at approximately $127.65 million.
• VSE Corporation reported a quarterly earnings per share (EPS) of $0.97, surpassing analyst expectations of $0.69, with revenue reaching $272.14 million.
• The stock has received numerous upgrades from analysts, with an average target price of $145.00 and a consensus rating of "Buy".

Ameriprise Financial Inc. grew its holdings in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 48.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,063,832 shares of the construction company's stock after buying an additional 347,664 shares during the period. Ameriprise Financial Inc. owned 5.15% of VSE worth $127,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. T. Rowe Price Investment Management Inc. boosted its holdings in VSE by 25.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,537,378 shares of the construction company's stock valued at $304,460,000 after purchasing an additional 511,214 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of VSE by 100.5% during the 1st quarter. Neuberger Berman Group LLC now owns 755,461 shares of the construction company's stock worth $90,648,000 after buying an additional 378,661 shares during the last quarter. Fred Alger Management LLC acquired a new position in shares of VSE in the 4th quarter valued at $24,530,000. Durable Capital Partners LP grew its position in shares of VSE by 55.4% in the 4th quarter. Durable Capital Partners LP now owns 609,583 shares of the construction company's stock valued at $57,971,000 after buying an additional 217,439 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in VSE during the 4th quarter worth $15,695,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. B. Riley upped their price objective on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada boosted their target price on VSE from $150.00 to $180.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Truist Financial raised their price target on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $145.00.

VSE Stock Performance

VSEC traded up $0.65 on Friday, hitting $162.40. 200,227 shares of the company traded hands, compared to its average volume of 272,321. VSE Corporation has a 12-month low of $80.60 and a 12-month high of $169.00. The company has a 50 day moving average of $144.26 and a 200-day moving average of $128.05. The company has a quick ratio of 1.44, a current ratio of 3.73 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $3.36 billion, a PE ratio of 145.00 and a beta of 1.33.

VSE (NASDAQ:VSEC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.28. VSE had a return on equity of 7.25% and a net margin of 1.94%.The company had revenue of $272.14 million for the quarter, compared to the consensus estimate of $267.39 million. During the same period last year, the business posted $0.47 EPS. The company's revenue was up 41.1% on a year-over-year basis. VSE has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that VSE Corporation will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. VSE's dividend payout ratio is presently 35.71%.

VSE Company Profile

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.