Bosun Asset Management LLC Decreases Stock Position in VSE Corporation $VSEC

Key Points

• Bosun Asset Management LLC reduced its stake in VSE Corporation by 5.9%, owning 30,879 shares worth approximately $3.7 million after selling 1,945 shares in the first quarter.
• Several institutional investors, including Durable Capital Partners LP and Royal Bank of Canada, have significantly increased their holdings in VSE, indicating strong institutional interest in the company.
• VSE's recent earnings report showed a profit of $0.97 per share, surpassing estimates and reflecting a 41.1% year-over-year revenue increase, prompting analysts to raise their price targets for the stock.

Bosun Asset Management LLC reduced its position in VSE Corporation (NASDAQ:VSEC - Free Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,879 shares of the construction company's stock after selling 1,945 shares during the quarter. VSE makes up about 1.6% of Bosun Asset Management LLC's investment portfolio, making the stock its 7th largest holding. Bosun Asset Management LLC owned approximately 0.15% of VSE worth $3,705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VSEC. AQR Capital Management LLC purchased a new position in shares of VSE during the 1st quarter valued at $247,000. Durable Capital Partners LP boosted its stake in shares of VSE by 41.9% in the first quarter. Durable Capital Partners LP now owns 865,017 shares of the construction company's stock worth $103,793,000 after acquiring an additional 255,434 shares during the period. Royal Bank of Canada grew its position in shares of VSE by 34.2% during the first quarter. Royal Bank of Canada now owns 13,139 shares of the construction company's stock worth $1,576,000 after purchasing an additional 3,350 shares in the last quarter. Driehaus Capital Management LLC raised its stake in VSE by 67.7% during the 1st quarter. Driehaus Capital Management LLC now owns 276,800 shares of the construction company's stock valued at $33,213,000 after purchasing an additional 111,765 shares during the period. Finally, Broad Bay Capital Management LP lifted its holdings in VSE by 20.5% in the 1st quarter. Broad Bay Capital Management LP now owns 314,364 shares of the construction company's stock worth $37,721,000 after purchasing an additional 53,421 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

VSE Trading Down 1.1%

Shares of VSEC stock opened at $161.97 on Thursday. The company has a market cap of $3.35 billion, a PE ratio of 144.62 and a beta of 1.37. VSE Corporation has a 1 year low of $80.60 and a 1 year high of $169.00. The stock's 50 day simple moving average is $145.77 and its two-hundred day simple moving average is $129.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.73 and a quick ratio of 1.44.

VSE (NASDAQ:VSEC - Get Free Report) last released 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. The firm had revenue of $272.14 million for 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 company's revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. VSE has set its FY 2025 guidance at EPS. Research analysts predict that VSE Corporation will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, October 15th. VSE's dividend payout ratio is presently 35.71%.

About VSE

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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