California State Teachers Retirement System Increases Stock Position in VSE Corporation $VSEC

California State Teachers Retirement System raised its stake in VSE Corporation (NASDAQ:VSEC - Free Report) by 21,258.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,036,886 shares of the construction company's stock after acquiring an additional 7,003,939 shares during the quarter. California State Teachers Retirement System owned approximately 25.08% of VSE worth $1,607,928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. boosted its position in VSE by 92.4% during the second quarter. TD Waterhouse Canada Inc. now owns 504 shares of the construction company's stock worth $115,000 after acquiring an additional 242 shares during the last quarter. Nykredit A S bought a new position in shares of VSE in the 2nd quarter worth about $177,000. Susquehanna Fundamental Investments LLC grew its position in shares of VSE by 956.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 37,536 shares of the construction company's stock worth $8,577,000 after acquiring an additional 33,983 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of VSE by 23.5% during the second quarter. Wedbush Securities Inc. now owns 1,371 shares of the construction company's stock valued at $313,000 after purchasing an additional 261 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in VSE by 3.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,041 shares of the construction company's stock worth $10,749,000 after purchasing an additional 1,649 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VSEC. Weiss Ratings upgraded shares of VSE from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, July 20th. B. Riley Financial reaffirmed a "buy" rating on shares of VSE in a report on Friday, August 7th. Zacks Research downgraded VSE from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft boosted their target price on VSE from $280.00 to $290.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Finally, Citigroup raised their price objective on shares of VSE from $263.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $252.22.

VSE Stock Performance

VSE stock opened at $194.98 on Friday. VSE Corporation has a 1 year low of $154.67 and a 1 year high of $247.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.77 and a quick ratio of 1.30. The company has a market capitalization of $5.47 billion, a P/E ratio of 62.49, a P/E/G ratio of 0.79 and a beta of 1.24. The business has a 50 day moving average of $211.35 and a 200-day moving average of $201.50.

VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.82. VSE had a return on equity of 6.71% and a net margin of 6.17%.The firm had revenue of $449.14 million during the quarter, compared to analyst estimates of $425.03 million. During the same period last year, the company posted $0.97 EPS. The business's quarterly revenue was up 65.0% on a year-over-year basis. On average, equities research analysts predict that VSE Corporation will post 6.77 earnings per share for the current year.

VSE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. VSE's payout ratio is presently 12.82%.

Insider Activity

In other news, CEO John Cuomo sold 17,500 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $242.49, for a total value of $4,243,575.00. Following the completion of the sale, the chief executive officer owned 169,537 shares in the company, valued at $41,111,027.13. This represents a 9.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

VSE Company Profile

VSE Corporation NASDAQ: VSEC is a diversified provider of aftermarket distribution, logistics, maintenance, repair and overhaul, and engineering services. The company primarily serves the U.S. government, commercial aviation operators, aerospace manufacturers, and fleet customers through specialized operating businesses.

VSE's Federal and Defense operations support the U.S. Department of Defense and other government agencies with supply-chain management, equipment sustainment, modernization, engineering, and logistics services.

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