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

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

Other hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC raised its stake in shares of VSE by 857.1% in the 4th 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 valued at $47,000. Amalgamated Bank raised its stake in shares of VSE by 36.5% in the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company's stock valued at $73,000 after acquiring an additional 163 shares during the period. KBC Group NV purchased a new position in shares of VSE in the 1st quarter valued at $99,000. Finally, Tower Research Capital LLC TRC raised its stake 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 valued at $138,000 after acquiring an additional 258 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.

Insiders Place Their Bets

In other VSE news, Director Anita D. Britt sold 2,869 shares of the firm's stock in a transaction on 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 transaction, the director directly owned 3,837 shares of the company's stock, valued at $496,431.06. This trade represents a 42.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 14.60% of the stock is currently owned by corporate insiders.

VSE Stock Down 0.8%

VSEC stock traded down $1.04 during mid-day trading on Friday, hitting $131.40. 135,819 shares of the company were exchanged, compared to its average volume of 224,095. The company has a market capitalization of $2.72 billion, a PE ratio of 164.25 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 twelve month low of $73.36 and a twelve month high of $140.64. The firm has a fifty day simple moving average of $131.28 and a 200 day simple moving average of $116.55.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.23. The company had revenue of $256.05 million during 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 firm's revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. On average, research analysts forecast that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's dividend payout ratio is currently 50.00%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Truist Financial lifted their price target on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, B. Riley lifted their price target on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $130.00.

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.