HighTower Advisors LLC Acquires Shares of 2,235 VSE Corporation $VSEC

Key Points

• HighTower Advisors LLC acquired 2,235 shares of VSE Corporation worth approximately $268,000 during the first quarter.
• Analysts have raised price targets for VSE, with Royal Bank of Canada increasing it from $150 to $180 and a consensus rating of "Buy" among four research analysts.
• VSE Corporation reported a 41.1% increase in revenue year-over-year, with earnings per share (EPS) of $0.97 for the last quarter, surpassing expectations.

HighTower Advisors LLC purchased a new position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,235 shares of the construction company's stock, valued at approximately $268,000.

Other institutional investors have also modified their holdings of the company. Amalgamated Bank raised its holdings in shares of VSE by 36.5% during the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company's stock worth $73,000 after acquiring an additional 163 shares during the period. KBC Group NV purchased a new position in shares of VSE during the 1st quarter worth $99,000. Tower Research Capital LLC TRC raised its holdings in shares of VSE by 21.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after acquiring an additional 258 shares during the period. Cetera Investment Advisers purchased a new position in shares of VSE during the 1st quarter worth $202,000. Finally, Aigen Investment Management LP purchased a new position in shares of VSE during the 1st quarter worth $275,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Analysts Set New Price Targets

VSEC has been the topic of several analyst reports. Royal Bank Of Canada lifted 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. B. Riley raised their price objective on VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Truist Financial raised their price objective on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $145.00.

VSE Stock Performance

NASDAQ VSEC opened at $163.80 on Wednesday. The company has a market cap of $3.39 billion, a P/E ratio of 146.25 and a beta of 1.37. 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 stock has a 50-day moving average of $145.25 and a two-hundred day moving average of $129.00. VSE Corporation has a 1-year low of $80.60 and a 1-year high of $169.00.

VSE (NASDAQ:VSEC - Get Free Report) last released its earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.28. The company 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 revenue was up 41.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. VSE has set its FY 2025 guidance at EPS. As a group, analysts anticipate that VSE Corporation will post 2.96 EPS for the current year.

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. VSE's payout ratio is currently 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.

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