Cetera Investment Advisers Purchases New Holdings in VSE Corporation $VSEC

Key Points

• Cetera Investment Advisers has made a new investment of approximately $202,000 in VSE Corporation, acquiring 1,687 shares according to SEC filings.
• VSE Corporation reported a significant earnings beat with $0.97 earnings per share for the quarter, surpassing the consensus estimate of $0.69 by $0.28.
• VSE has declared a quarterly dividend of $0.10 per share, with an annualized yield of 0.2%, and will be paid on October 29th to investors of record on October 15th.

Cetera Investment Advisers purchased a new stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,687 shares of the construction company's stock, valued at approximately $202,000.

Several other large investors have also made changes to their positions in VSEC. Ameriprise Financial Inc. increased its holdings in VSE by 63.4% in the fourth quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company's stock valued at $68,115,000 after purchasing an additional 277,971 shares during the last quarter. Fred Alger Management LLC bought a new stake in VSE in the fourth quarter valued at about $24,530,000. Durable Capital Partners LP increased its holdings in VSE by 55.4% in the fourth quarter. Durable Capital Partners LP now owns 609,583 shares of the construction company's stock valued at $57,971,000 after purchasing an additional 217,439 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of VSE in the fourth quarter worth about $15,695,000. Finally, Emerald Advisers LLC bought a new stake in shares of VSE in the first quarter worth about $19,671,000. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Stock Down 2.0%

Shares of NASDAQ:VSEC traded down $3.32 during mid-day trading on Thursday, reaching $161.75. 194,327 shares of the stock were exchanged, compared to its average volume of 286,649. 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 company has a market cap of $3.34 billion, a P/E ratio of 144.42 and a beta of 1.33. VSE Corporation has a one year low of $80.60 and a one year high of $169.00. The stock's 50 day simple moving average is $143.72 and its 200-day simple moving average is $127.48.

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. The business had revenue of $272.14 million during 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%.VSE's quarterly revenue was up 41.1% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. VSE has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that VSE Corporation will post 2.96 EPS for the current year.

VSE Dividend Announcement

The company 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. The ex-dividend date is Wednesday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. VSE's dividend payout ratio (DPR) is presently 35.71%.

Wall Street Analysts Forecast Growth

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

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.