Royce & Associates LP decreased its holdings in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 14.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 206,401 shares of the construction company's stock after selling 34,612 shares during the period. Royce & Associates LP owned approximately 1.00% of VSE worth $24,766,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in VSEC. Sterling Capital Management LLC lifted its position in VSE by 857.1% in the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock valued at $45,000 after purchasing an additional 420 shares during the period. Quantbot Technologies LP acquired a new stake in VSE in the fourth quarter valued at about $47,000. Amalgamated Bank lifted its position in 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 purchasing an additional 163 shares during the period. KBC Group NV acquired a new stake in VSE in the first quarter valued at about $99,000. Finally, Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 258 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.
Analysts Set New Price Targets
VSEC has been the subject of a number of research analyst reports. B. Riley increased their target price on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Truist Financial increased their target price on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada increased their target price on shares of VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, VSE presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.00.
Get Our Latest Stock Analysis on VSEC
VSE Price Performance
Shares of VSEC traded up $2.59 during mid-day trading on Friday, reaching $136.67. 163,492 shares of the company's stock were exchanged, compared to its average volume of 182,411. The company has a quick ratio of 2.12, a current ratio of 3.90 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $131.37 and a two-hundred day simple moving average of $117.85. VSE Corporation has a 52-week low of $73.36 and a 52-week high of $140.64. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 170.84 and a beta of 1.26.
VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 earnings per share 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 business had revenue of $256.05 million during the quarter, compared to analysts' expectations of $248.20 million. During the same period last year, the company posted $0.45 EPS. The company's revenue was up 57.6% on a year-over-year basis. On average, sell-side analysts predict that VSE Corporation will post 2.96 EPS for the current fiscal year.
VSE Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. VSE's dividend payout ratio (DPR) is 50.00%.
Insider Buying and Selling
In other VSE news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $129.38, for a total value of $371,191.22. Following the completion of the sale, the director directly owned 3,837 shares of the company's stock, valued at approximately $496,431.06. The trade was a 42.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 14.60% of the company's stock.
VSE Company Profile
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Free Report)
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.
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