T. Rowe Price Investment Management Inc. boosted its holdings in VSE Corporation (NASDAQ:VSEC - Free Report) by 25.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,537,378 shares of the construction company's stock after purchasing an additional 511,214 shares during the period. T. Rowe Price Investment Management Inc. owned about 12.28% of VSE worth $304,460,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC boosted its holdings in shares of VSE by 857.1% during the 4th quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock worth $45,000 after buying an additional 420 shares during the period. Amalgamated Bank raised 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 valued at $73,000 after buying an additional 163 shares in the last quarter. KBC Group NV acquired a new position in VSE during the 1st quarter worth approximately $99,000. Tower Research Capital LLC TRC increased its position in VSE by 21.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after purchasing an additional 258 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its position in VSE by 14.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company's stock worth $175,000 after purchasing an additional 233 shares in the last quarter. Institutional investors own 91.54% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on VSEC. B. Riley boosted their target price on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada boosted their target price on shares of VSE from $150.00 to $180.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Truist Financial boosted their target price on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $145.00.
Get Our Latest Stock Report on VSE
VSE Stock Up 0.4%
VSEC traded up $0.66 during trading on Tuesday, hitting $165.83. 31,542 shares of the company's stock were exchanged, compared to its average volume of 246,793. The company has a quick ratio of 1.44, a current ratio of 3.73 and a debt-to-equity ratio of 0.38. The business's 50 day moving average is $141.97 and its two-hundred day moving average is $126.56. VSE Corporation has a fifty-two week low of $80.60 and a fifty-two week high of $169.00. The stock has a market cap of $3.43 billion, a P/E ratio of 148.26 and a beta of 1.33.
VSE (NASDAQ:VSEC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The construction company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.69 by $0.28. The company had revenue of $272.14 million during the quarter, compared to the consensus estimate of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.25%. The firm's revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 earnings per share. VSE has set its FY 2025 guidance at EPS. As a group, equities analysts expect that VSE Corporation will post 2.96 earnings per share for the current fiscal year.
VSE Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 15th. This represents a $0.40 annualized dividend and a yield of 0.2%. VSE's dividend payout ratio is presently 35.71%.
About VSE
(
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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