Nuveen LLC Acquires New Holdings in VSE Corporation $VSEC

Key Points

• Nuveen LLC acquired approximately $5.97 million in shares of VSE Corporation, representing 0.24% of the company, during the first quarter of the year.
• VSE Corporation reported an EPS of $0.97 in its latest quarterly results, beating analysts' estimates, and demonstrated a year-over-year revenue increase of 41.1%.
• The firm declared a quarterly dividend of $0.10 per share, with an ex-dividend date set for October 15th.

Nuveen LLC bought a new position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 49,733 shares of the construction company's stock, valued at approximately $5,967,000. Nuveen LLC owned about 0.24% of VSE as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its stake in 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 stake in VSE during the 1st quarter worth $99,000. Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 258 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of VSE during the 1st quarter valued at about $202,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of VSE during the 4th quarter valued at about $226,000. Institutional investors and hedge funds own 91.54% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on VSEC shares. B. Riley boosted their price target on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Truist Financial boosted their price target on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada boosted 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 company has an average rating of "Buy" and an average price target of $145.00.

VSE Trading Up 0.4%

VSEC traded up $0.65 on Friday, hitting $162.40. The company had a trading volume of 200,227 shares, compared to its average volume of 266,725. The firm has a market cap of $3.36 billion, a P/E ratio of 145.00 and a beta of 1.37. VSE Corporation has a 1 year low of $80.60 and a 1 year high of $169.00. The company's fifty day moving average price is $144.26 and its 200 day moving average price is $128.30. The company has a current ratio of 3.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38.

VSE (NASDAQ:VSEC - Get Free Report) last issued 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 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%. VSE's 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. As a group, equities analysts expect that VSE Corporation will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be issued 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 payout ratio is 35.71%.

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.