Oppenheimer Asset Management Inc. Grows Stock Position in VSE Corporation (NASDAQ:VSEC)

Oppenheimer Asset Management Inc. increased its position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 50.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,048 shares of the construction company's stock after buying an additional 2,359 shares during the period. Oppenheimer Asset Management Inc.'s holdings in VSE were worth $846,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its holdings in VSE by 52.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company's stock worth $192,689,000 after acquiring an additional 698,642 shares in the last quarter. Neuberger Berman Group LLC purchased a new stake in shares of VSE during the 4th quarter worth $35,834,000. Artisan Partners Limited Partnership purchased a new stake in shares of VSE during the 4th quarter worth $31,692,000. Ameriprise Financial Inc. grew its stake in shares of VSE by 63.4% during the fourth quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company's stock worth $68,115,000 after purchasing an additional 277,971 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in VSE by 16.8% in the fourth quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company's stock valued at $170,616,000 after buying an additional 258,674 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on VSEC shares. Truist Financial lifted their price target on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada raised their target price on VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. B. Riley upped their price target on VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Wall Street Zen raised shares of VSE to a "sell" rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, VSE currently has an average rating of "Moderate Buy" and an average target price of $130.00.

Insider Buying and Selling

In other news, Director Anita D. Britt sold 2,869 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $129.38, for a total transaction of $371,191.22. Following the completion of the sale, the director owned 3,837 shares in the company, valued at approximately $496,431.06. This represents a 42.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% of the company's stock.

VSE Stock Performance

Shares of VSE stock traded up $1.53 on Wednesday, hitting $130.64. The stock had a trading volume of 168,243 shares, compared to its average volume of 223,239. The company's 50 day moving average price is $128.85 and its 200 day moving average price is $114.39. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 162.67 and a beta of 1.26. The company has a current ratio of 3.90, a quick ratio of 2.12 and a debt-to-equity ratio of 0.47. VSE Corporation has a 52-week low of $73.36 and a 52-week high of $140.64.

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

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's payout ratio is currently 50.00%.

About VSE

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.