Ameriprise Financial Inc. Raises Stake 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. increased its stake in VSE Corporation (NASDAQ:VSEC - Free Report) by 48.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,063,832 shares of the construction company's stock after purchasing 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 & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. raised its position in VSE by 25.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,537,378 shares of the construction company's stock worth $304,460,000 after buying an additional 511,214 shares during the last quarter. Neuberger Berman Group LLC increased its holdings 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 valued at $90,648,000 after purchasing an additional 378,661 shares in the last quarter. Fred Alger Management LLC purchased a new position in shares of VSE during the 4th quarter valued at approximately $24,530,000. Durable Capital Partners LP increased its holdings in shares of VSE by 55.4% during the 4th quarter. Durable Capital Partners LP now owns 609,583 shares of the construction company's stock valued at $57,971,000 after purchasing an additional 217,439 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in VSE in the 4th quarter worth $15,695,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Stock Down 2.0%

Shares of VSEC stock traded down $3.32 during trading hours on Thursday, reaching $161.75. 194,327 shares of the stock were exchanged, compared to its average volume of 246,692. The business's fifty day moving average is $143.21 and its two-hundred day moving average is $127.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.73 and a quick ratio of 1.44. The firm has a market capitalization of $3.34 billion, a P/E ratio of 144.42 and a beta of 1.33. VSE Corporation has a 12-month low of $80.60 and a 12-month high of $169.00.

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

VSE Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.