VSE Corporation (NASDAQ:VSEC) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its holdings in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 52.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,286 shares of the construction company's stock after purchasing an additional 46,552 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.65% of VSE worth $16,233,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Sterling Capital Management LLC raised its stake in shares of 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 acquiring an additional 420 shares during the period. Quantbot Technologies LP purchased a new position in shares of VSE in the 4th quarter worth approximately $47,000. Amalgamated Bank grew its position in shares of VSE by 36.5% in the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company's stock worth $73,000 after buying an additional 163 shares during the last quarter. KBC Group NV purchased a new position in shares of VSE in the 1st quarter worth approximately $99,000. Finally, Tower Research Capital LLC TRC grew its position in shares of VSE by 21.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after buying an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial lifted their price objective on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. B. Riley boosted their target price 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. Finally, Royal Bank Of Canada boosted their price target on shares of VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, VSE presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.00.

VSE Stock Down 0.8%

Shares of VSEC traded down $1.04 during mid-day trading on Friday, hitting $131.40. 135,819 shares of the company's stock were exchanged, compared to its average volume of 222,971. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 164.25 and a beta of 1.26. VSE Corporation has a fifty-two week low of $73.36 and a fifty-two week high of $140.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.12 and a current ratio of 3.90. The stock's 50-day moving average is $131.33 and its 200-day moving average is $117.11.

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

VSE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be given 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 0.30%. VSE's dividend payout ratio (DPR) is presently 50.00%.

Insider Activity

In related news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction 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 transaction, the director directly owned 3,837 shares in the company, valued at $496,431.06. This trade represents a 42.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.30% of the company's stock.

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.