VSE Corporation $VSEC Shares Purchased by Northern Trust Corp

Key Points

• Northern Trust Corp has increased its stake in VSE Corporation (NASDAQ:VSEC) by 11.6%, now holding approximately 227,009 shares valued at $27.24 million.
• VSE Corporation reported strong earnings, with an EPS of $0.97, surpassing estimates and a revenue increase of 41.1% year-over-year.
• The company will pay a quarterly dividend of $0.10 per share on October 29th, 2023, with a dividend yield of 0.2%.

Northern Trust Corp grew its holdings in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 227,009 shares of the construction company's stock after purchasing an additional 23,687 shares during the period. Northern Trust Corp owned approximately 1.10% of VSE worth $27,239,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Amalgamated Bank boosted 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 purchasing an additional 163 shares during the last quarter. KBC Group NV acquired a new position in VSE in the first quarter valued at $99,000. Tower Research Capital LLC TRC boosted its stake in 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 acquiring an additional 258 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of VSE during the first quarter worth about $202,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in VSE during the fourth quarter worth about $226,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VSEC shares. B. Riley boosted their price objective on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research note 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 research report on Friday, August 1st. Finally, Truist Financial increased their price target on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, VSE currently has an average rating of "Buy" and an average target price of $145.00.

VSE Trading Down 1.0%

NASDAQ VSEC traded down $1.57 during trading hours on Friday, reaching $163.15. The company's stock had a trading volume of 83,650 shares, compared to its average volume of 244,478. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.73 and a quick ratio of 1.44. VSE Corporation has a 52 week low of $80.60 and a 52 week high of $169.00. The firm has a fifty day simple moving average of $146.51 and a 200-day simple moving average of $129.69. The stock has a market cap of $3.37 billion, a P/E ratio of 145.99 and a beta of 1.37.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.28. The company 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 firm's quarterly revenue was up 41.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. VSE has set its FY 2025 guidance at EPS. Equities analysts forecast that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a 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.