T. Rowe Price Investment Management Inc. Grows Stock Position in VSE Corporation $VSEC

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in VSE Corporation by 25.2%, owning 2,537,378 shares valued at approximately $304.46 million.
• Several research firms upgraded VSE's stock ratings, with Truist Financial raising its price target from $130 to $140 and Royal Bank of Canada from $150 to $180.
• VSE Corporation reported earnings of $0.97 per share for the last quarter, exceeding analyst estimates, and set its FY 2025 EPS guidance.

T. Rowe Price Investment Management Inc. raised its position in VSE Corporation (NASDAQ:VSEC - Free Report) by 25.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,537,378 shares of the construction company's stock after purchasing an additional 511,214 shares during the quarter. T. Rowe Price Investment Management Inc. owned 12.28% of VSE worth $304,460,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC boosted its stake in VSE by 13.8% in the fourth quarter. LPL Financial LLC now owns 3,223 shares of the construction company's stock valued at $307,000 after acquiring an additional 391 shares in the last quarter. Wells Fargo & Company MN grew its position in VSE by 47.4% during the fourth quarter. Wells Fargo & Company MN now owns 12,982 shares of the construction company's stock worth $1,235,000 after buying an additional 4,176 shares during the period. Envestnet Asset Management Inc. acquired a new position in VSE during the fourth quarter worth about $1,340,000. Invesco Ltd. grew its position in shares of VSE by 10.9% in the fourth quarter. Invesco Ltd. now owns 116,481 shares of the construction company's stock valued at $11,077,000 after purchasing an additional 11,418 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of VSE by 3.2% in the fourth quarter. Legal & General Group Plc now owns 15,955 shares of the construction company's stock valued at $1,517,000 after purchasing an additional 490 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VSEC. Truist Financial raised their price objective on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada lifted 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 lifted 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. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $145.00.

VSE Stock Down 0.9%

NASDAQ VSEC opened at $159.75 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.73 and a quick ratio of 1.44. The company's 50 day simple moving average is $140.32 and its 200 day simple moving average is $125.00. VSE Corporation has a 12 month low of $80.60 and a 12 month high of $166.85. The company has a market capitalization of $3.30 billion, a P/E ratio of 142.63 and a beta of 1.33.

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 analysts' consensus estimates of $0.69 by $0.28. VSE had a net margin of 1.94% and a return on equity of 7.25%. The business had revenue of $272.14 million for the quarter, compared to analyst estimates of $267.39 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The firm's revenue was up 41.1% compared to the same quarter last year. VSE has set its FY 2025 guidance at EPS. Equities research analysts expect that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, October 15th. VSE's dividend payout ratio is presently 35.71%.

VSE Profile

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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