Swiss National Bank Has $4.51 Million Stock Position in VSE Corporation $VSEC

Key Points

• The Swiss National Bank increased its holdings in VSE Corporation by 15% by purchasing an additional 4,900 shares, bringing its total to 37,578 shares valued at approximately $4.5 million.
• VSE Corporation reported strong earnings, with $0.97 EPS for the quarter, exceeding analysts' expectations and indicating a 41.1% increase in revenue compared to the prior year.
• The company recently declared a quarterly dividend of $0.10 per share, which has a dividend yield of 0.2% and will be paid to stockholders of record on October 15th.

Swiss National Bank raised its holdings in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 15.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 37,578 shares of the construction company's stock after acquiring an additional 4,900 shares during the period. Swiss National Bank owned approximately 0.18% of VSE worth $4,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Amalgamated Bank raised its position in shares of VSE by 36.5% during 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 last quarter. Summit Investment Advisors Inc. raised its position in shares of VSE by 14.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company's stock valued at $175,000 after acquiring an additional 233 shares during the last quarter. US Bancorp DE raised its position in shares of VSE by 8.5% during the 1st quarter. US Bancorp DE now owns 3,278 shares of the construction company's stock valued at $393,000 after acquiring an additional 257 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of VSE by 21.7% during 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 last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of VSE by 3.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,711 shares of the construction company's stock valued at $925,000 after acquiring an additional 267 shares during the last quarter. Institutional investors own 91.54% of the company's stock.

VSE Stock Down 1.1%

Shares of VSEC traded down $1.83 during midday trading on Monday, hitting $165.17. The stock had a trading volume of 160,123 shares, compared to its average volume of 301,300. The company has a 50 day simple moving average of $141.97 and a two-hundred day simple moving average of $126.56. VSE Corporation has a twelve month low of $80.60 and a twelve month high of $169.00. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 147.47 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.73 and a quick ratio of 1.44.

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

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, October 15th. VSE's dividend payout ratio is currently 35.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VSEC. Truist Financial boosted their price target on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada boosted their price target on shares of VSE from $150.00 to $180.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, B. Riley boosted their price target on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $145.00.

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.