CenterBook Partners LP purchased a new position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,112 shares of the construction company's stock, valued at approximately $493,000.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its stake in shares of VSE by 857.1% in the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock worth $45,000 after buying an additional 420 shares during the last quarter. Quantbot Technologies LP bought a new stake in VSE in the 4th quarter valued at $47,000. Amalgamated Bank increased its holdings in VSE by 36.5% in the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company's stock valued at $73,000 after buying an additional 163 shares during the period. KBC Group NV bought a new stake in shares of VSE in the 1st quarter worth about $99,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of VSE by 21.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after purchasing an additional 258 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.
VSE Price Performance
VSEC stock traded up $0.17 during midday trading on Monday, reaching $131.57. The company had a trading volume of 20,575 shares, compared to its average volume of 222,174. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 164.18 and a beta of 1.26. The stock has a 50 day moving average price of $131.33 and a 200-day moving average price of $117.11. VSE Corporation has a 1-year low of $73.36 and a 1-year high of $140.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.90 and a quick ratio of 2.12.
VSE (NASDAQ:VSEC - Get Free Report) last released its earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.23. VSE had a return on equity of 6.62% and a net margin of 1.41%. The firm had revenue of $256.05 million for the quarter, compared to analysts' expectations of $248.20 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. The business's revenue for the quarter was up 57.6% on a year-over-year basis. Equities research analysts expect that VSE Corporation will post 2.96 earnings per share for the current year.
VSE Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's dividend payout ratio (DPR) is currently 50.00%.
Insider Buying and Selling at VSE
In other VSE news, Director Anita D. Britt sold 2,869 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $129.38, for a total transaction of $371,191.22. Following the completion of the transaction, the director owned 3,837 shares in the company, valued at approximately $496,431.06. This trade represents a 42.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.30% of the company's stock.
Analyst Ratings Changes
VSEC has been the topic of several research reports. Truist Financial upped their price target on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada increased their target price on VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, B. Riley raised their price target 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. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $130.00.
Get Our Latest Research Report on VSE
About VSE
(
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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