Brant Point Investment Management LLC Grows Stock Position in VSE Corporation $VSEC

Key Points

• Brant Point Investment Management LLC increased its holdings in VSE Corporation by 30.5%, owning approximately $4.39 million worth of the stock after acquiring additional shares in the first quarter.
• VSE Corporation reported $0.97 earnings per share for the last quarter, significantly surpassing analysts' expectations of $0.69, with a 41.1% increase in revenue year-over-year.
• The company has recently increased its dividend to $0.10 per share, reflecting a 0.2% dividend yield, with payments due on October 29th for shareholders of record on October 15th.

Brant Point Investment Management LLC increased its holdings in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 30.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,547 shares of the construction company's stock after acquiring an additional 8,547 shares during the period. Brant Point Investment Management LLC owned approximately 0.18% of VSE worth $4,385,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. grew its position in shares of 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 valued at $304,460,000 after acquiring an additional 511,214 shares during the period. Vanguard Group Inc. grew its position in shares of VSE by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 1,081,004 shares of the construction company's stock valued at $129,710,000 after acquiring an additional 9,459 shares during the period. Ameriprise Financial Inc. grew its position in shares of VSE by 48.5% during the 1st quarter. Ameriprise Financial Inc. now owns 1,063,832 shares of the construction company's stock valued at $127,654,000 after acquiring an additional 347,664 shares during the period. Neuberger Berman Group LLC grew 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 valued at $90,648,000 after acquiring an additional 378,661 shares during the period. Finally, Durable Capital Partners LP grew its position 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 acquiring an additional 217,439 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

VSE Price Performance

VSEC traded up $0.65 during trading on Monday, reaching $162.40. The company's stock had a trading volume of 200,227 shares, compared to its average volume of 266,725. 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 firm has a fifty day simple moving average of $144.26 and a two-hundred day simple moving average of $128.30. VSE Corporation has a 1 year low of $80.60 and a 1 year high of $169.00. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 145.00 and a beta of 1.37.

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, 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 for the quarter, compared to analyst estimates of $267.39 million. During the same period last year, the company posted $0.47 EPS. The business's revenue was up 41.1% on a year-over-year basis. VSE has set its FY 2025 guidance at EPS. As a group, analysts anticipate that VSE Corporation will post 2.96 EPS for the current year.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.10 per share. 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 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.