Axiom Investors LLC DE purchased a new stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 74,302 shares of the construction company's stock, valued at approximately $8,915,000. Axiom Investors LLC DE owned approximately 0.36% of VSE at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its position in shares of VSE by 25.2% during 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. Vanguard Group Inc. lifted its position in shares of VSE by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,081,004 shares of the construction company's stock valued at $129,710,000 after purchasing an additional 9,459 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of VSE by 48.5% during the first quarter. Ameriprise Financial Inc. now owns 1,063,832 shares of the construction company's stock valued at $127,654,000 after purchasing an additional 347,664 shares in the last quarter. Durable Capital Partners LP lifted its position in shares of VSE by 41.9% during the first quarter. Durable Capital Partners LP now owns 865,017 shares of the construction company's stock valued at $103,793,000 after purchasing an additional 255,434 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its position in shares of VSE by 100.5% during the first 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. 91.54% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Royal Bank Of Canada raised 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. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $145.00.
Read Our Latest Analysis on VSE
VSE Stock Performance
NASDAQ VSEC traded down $3.41 during trading hours on Friday, reaching $164.51. 183,257 shares of the company were exchanged, compared to its average volume of 197,448. VSE Corporation has a 1 year low of $80.61 and a 1 year high of $169.78. The business's 50 day simple moving average is $150.91 and its 200-day simple moving average is $132.41. 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 $3.40 billion, a P/E ratio of 146.88 and a beta of 1.37.
VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The construction company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.28. VSE had a net margin of 1.94% and a return on equity of 7.25%. The business had revenue of $272.14 million during the quarter, compared to the consensus estimate of $267.39 million. During the same quarter last year, the company posted $0.47 earnings per share. The firm's quarterly revenue was up 41.1% compared to the same quarter last year. VSE has set its FY 2025 guidance at EPS. On average, equities research analysts expect that VSE Corporation will post 2.96 earnings per share for the current year.
VSE Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, 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 is Wednesday, October 15th. VSE's dividend payout ratio (DPR) is 35.71%.
VSE Profile
(
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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