New York State Common Retirement Fund Has $20.08 Million Holdings in VSE Corporation (NASDAQ:VSEC)

New York State Common Retirement Fund boosted its position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 29.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,319 shares of the construction company's stock after buying an additional 38,443 shares during the period. New York State Common Retirement Fund owned 0.81% of VSE worth $20,077,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of VSEC. Amalgamated Bank increased its stake in VSE by 36.5% in the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company's stock valued at $73,000 after buying an additional 163 shares during the period. Summit Investment Advisors Inc. raised 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 worth $175,000 after purchasing an additional 233 shares in the last quarter. Corebridge Financial Inc. lifted its position in VSE by 3.0% in the fourth quarter. Corebridge Financial Inc. now owns 8,753 shares of the construction company's stock valued at $832,000 after purchasing an additional 258 shares during the period. Tower Research Capital LLC TRC boosted its holdings in VSE by 21.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock valued at $138,000 after purchasing an additional 258 shares in the last quarter. Finally, Bragg Financial Advisors Inc increased its position in VSE by 0.5% during the 4th quarter. Bragg Financial Advisors Inc now owns 60,648 shares of the construction company's stock worth $5,768,000 after purchasing an additional 299 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VSEC has been the topic of a number of research analyst reports. Truist Financial boosted their target price on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada increased their price objective on shares of VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, B. Riley lifted their target price on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, VSE presently has an average rating of "Moderate Buy" and an average price target of $130.00.

Insiders Place Their Bets

In related news, Director Anita D. Britt sold 2,869 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $129.38, for a total transaction of $371,191.22. Following the completion of the transaction, the director directly owned 3,837 shares in the company, valued at $496,431.06. This represents a 42.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.60% of the stock is currently owned by company insiders.

VSE Stock Down 0.8%

Shares of VSEC stock traded down $1.04 during trading hours on Friday, reaching $131.40. The company had a trading volume of 135,819 shares, compared to its average volume of 224,288. The company has a market capitalization of $2.72 billion, a P/E ratio of 164.25 and a beta of 1.26. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.12 and a current ratio of 3.90. VSE Corporation has a twelve month low of $73.36 and a twelve month high of $140.64. The stock's fifty day simple moving average is $131.33 and its 200 day simple moving average is $116.80.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.23. VSE had a net margin of 1.41% and a return on equity of 6.62%. The firm had revenue of $256.05 million for the quarter, compared to analyst estimates of $248.20 million. During the same quarter in the previous year, the business posted $0.45 EPS. The firm's revenue was up 57.6% compared to the same quarter last year. As a group, sell-side analysts expect that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Wednesday, July 16th. VSE's dividend payout ratio is presently 50.00%.

VSE 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.