Durable Capital Partners LP Buys 255,434 Shares of VSE Corporation $VSEC

Key Points

• Durable Capital Partners LP increased its stake in VSE Corporation by 41.9%, acquiring an additional 255,434 shares, bringing its ownership to 865,017 shares valued at approximately $103.8 million.
• VSE Corporation reported Q2 earnings of $0.97 per share, exceeding analysts' estimates of $0.69, along with a revenue of $272.14 million, reflecting a year-over-year growth of 41.1%.
• The company recently declared a quarterly dividend of $0.10 per share, with an annualized dividend yield of 0.2%, and the ex-dividend date set for October 15th.

Durable Capital Partners LP raised its holdings in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 41.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 865,017 shares of the construction company's stock after buying an additional 255,434 shares during the quarter. Durable Capital Partners LP owned about 4.18% of VSE worth $103,793,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of VSE by 25.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,537,378 shares of the construction company's stock worth $304,460,000 after buying an additional 511,214 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of VSE by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,081,004 shares of the construction company's stock worth $129,710,000 after buying an additional 9,459 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of VSE by 48.5% during the first quarter. Ameriprise Financial Inc. now owns 1,063,832 shares of the construction company's stock worth $127,654,000 after buying an additional 347,664 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of VSE by 100.5% during the first quarter. Neuberger Berman Group LLC now owns 755,461 shares of the construction company's stock worth $90,648,000 after buying an additional 378,661 shares during the last quarter. Finally, Broad Bay Capital Management LP lifted its holdings in shares of VSE by 20.5% during the first quarter. Broad Bay Capital Management LP now owns 314,364 shares of the construction company's stock worth $37,721,000 after buying an additional 53,421 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upped 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. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $145.00.

VSE Stock Performance

Shares of NASDAQ VSEC traded up $1.52 during trading hours on Friday, reaching $166.24. The stock had a trading volume of 218,108 shares, compared to its average volume of 233,108. The business's fifty day moving average is $147.23 and its two-hundred day moving average is $130.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.73 and a quick ratio of 1.44. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 148.43 and a beta of 1.37. VSE Corporation has a twelve month low of $80.60 and a twelve month high of $169.00.

VSE (NASDAQ:VSEC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The construction company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.28. The business had revenue of $272.14 million during the quarter, compared to analyst estimates of $267.39 million. VSE had a return on equity of 7.25% and a net margin of 1.94%.VSE's revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. VSE has set its FY 2025 guidance at EPS. As a group, research analysts expect that VSE Corporation will post 2.96 EPS for the current year.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, October 15th. VSE's dividend 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.