Informed Momentum Co LLC Takes Position in VSE Corporation (NASDAQ:VSEC)

Key Points

• Informed Momentum Co LLC has invested approximately $3.52 million in VSE Corporation by purchasing 29,369 shares, representing 0.14% ownership as of their latest SEC filing.
• VSE Corporation reported a 41.1% increase in revenue year-over-year, with earnings per share of $0.97, surpassing analyst expectations of $0.69.
• Several institutional investors have increased their stakes in VSE, with a total of 91.54% of the company's stock now held by institutional investors and hedge funds.

Informed Momentum Co LLC purchased a new position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 29,369 shares of the construction company's stock, valued at approximately $3,524,000. Informed Momentum Co LLC owned 0.14% of VSE at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Amalgamated Bank grew its holdings in VSE by 36.5% during the first quarter. Amalgamated Bank now owns 610 shares of the construction company's stock valued at $73,000 after purchasing an additional 163 shares during the period. Summit Investment Advisors Inc. grew its holdings in VSE by 14.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company's stock valued at $175,000 after purchasing an additional 233 shares during the period. US Bancorp DE boosted its holdings in shares of VSE by 8.5% in the first quarter. US Bancorp DE now owns 3,278 shares of the construction company's stock valued at $393,000 after buying an additional 257 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of VSE by 21.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock valued at $138,000 after buying an additional 258 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of VSE by 3.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,711 shares of the construction company's stock valued at $925,000 after buying an additional 267 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada upped their price target on shares of VSE from $150.00 to $180.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, B. Riley upped their price target on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, VSE currently has a consensus rating of "Moderate Buy" and a consensus price target of $145.00.

VSE Stock Performance

NASDAQ VSEC traded down $1.99 on Friday, hitting $161.83. 385,399 shares of the stock were exchanged, compared to its average volume of 249,203. 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 business's fifty day moving average is $138.14 and its 200 day moving average is $123.37. VSE Corporation has a 52 week low of $80.60 and a 52 week high of $166.85. The company has a market capitalization of $3.35 billion, a PE ratio of 144.49 and a beta of 1.33.

VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.28. The firm had revenue of $272.14 million for the quarter, compared to analyst estimates of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.25%. The company's quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 earnings per share. Research analysts anticipate that VSE Corporation will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

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 $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. 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.