Nuveen LLC Purchases 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 acquired a new stake in VSE Corporation (NASDAQ:VSEC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 49,733 shares of the construction company's stock, valued at approximately $5,967,000. Nuveen LLC owned approximately 0.24% of VSE at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Amalgamated Bank grew its stake in shares of VSE by 36.5% in the first quarter. Amalgamated Bank now owns 610 shares of the construction company's stock valued at $73,000 after buying an additional 163 shares in the last quarter. US Bancorp DE grew its stake 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 in the last quarter. Tower Research Capital LLC TRC grew its stake 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 in the last quarter. PNC Financial Services Group Inc. grew its stake 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 in the last quarter. Finally, LPL Financial LLC grew its stake in shares of VSE by 13.8% in the fourth quarter. LPL Financial LLC now owns 3,223 shares of the construction company's stock valued at $307,000 after buying an additional 391 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their price objective on VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada lifted their target price on VSE from $150.00 to $180.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, B. Riley lifted their target price on VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $145.00.

VSE Stock Down 2.0%

NASDAQ VSEC traded down $3.32 during trading on Thursday, reaching $161.75. 194,327 shares of the company's stock were exchanged, compared to its average volume of 286,649. The company has a 50 day moving average price of $143.72 and a two-hundred day moving average price of $127.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.44 and a current ratio of 3.73. VSE Corporation has a 1 year low of $80.60 and a 1 year high of $169.00. The stock has a market cap of $3.34 billion, a P/E ratio of 144.42 and a beta of 1.33.

VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The construction company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.28. VSE had a return on equity of 7.25% and a net margin of 1.94%.The business had revenue of $272.14 million for the quarter, compared to analysts' expectations of $267.39 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The business's revenue was up 41.1% compared to the same quarter last year. VSE has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that VSE Corporation will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The company also recently announced 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 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 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.