VSE Corporation $VSEC Shares Purchased by Fred Alger Management LLC

Key Points

• Fred Alger Management LLC has increased its holdings in VSE Corporation (NASDAQ:VSEC) by 40.2%, acquiring an additional 103,712 shares, bringing its total to 361,648 shares.
• VSE reported quarterly earnings with an EPS of $0.97, surpassing analysts' expectations, and its revenue increased 41.1% year-over-year.
• The company has set a quarterly dividend of $0.10 per share, with a payout ratio of 35.71%, and an annualized dividend yield of 0.2%.

Fred Alger Management LLC lifted its holdings in VSE Corporation (NASDAQ:VSEC - Free Report) by 40.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 361,648 shares of the construction company's stock after acquiring an additional 103,712 shares during the quarter. Fred Alger Management LLC owned 1.75% of VSE worth $43,394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. grew its position in 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 valued at $304,460,000 after buying an additional 511,214 shares during the period. Neuberger Berman Group LLC grew its position in VSE by 100.5% during the first quarter. Neuberger Berman Group LLC now owns 755,461 shares of the construction company's stock valued at $90,648,000 after buying an additional 378,661 shares during the period. Ameriprise Financial Inc. grew its position in VSE by 48.5% during the first quarter. Ameriprise Financial Inc. now owns 1,063,832 shares of the construction company's stock valued at $127,654,000 after buying an additional 347,664 shares during the period. Durable Capital Partners LP grew its position in VSE by 41.9% during the first quarter. Durable Capital Partners LP now owns 865,017 shares of the construction company's stock valued at $103,793,000 after buying an additional 255,434 shares during the period. Finally, Emerald Advisers LLC acquired a new stake in VSE during the first quarter valued at $19,671,000. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Price Performance

VSEC traded down $3.41 during midday trading on Friday, hitting $164.51. 183,257 shares of the company traded hands, compared to its average volume of 197,448. The company has a current ratio of 3.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 146.88 and a beta of 1.37. VSE Corporation has a 52-week low of $80.61 and a 52-week high of $169.78. The business has a 50 day simple moving average of $150.91 and a two-hundred day simple moving average of $132.63.

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, beating the consensus estimate of $0.69 by $0.28. The business had revenue of $272.14 million for the quarter, compared to the consensus estimate of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.25%. The company's revenue was up 41.1% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. VSE has set its FY 2025 guidance at EPS. On average, equities analysts forecast that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. VSE's dividend payout ratio (DPR) is presently 35.71%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised their price target on shares of VSE from $150.00 to $180.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $145.00.

About VSE

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.