Teacher Retirement System of Texas Buys New Shares in VSE Corporation (NASDAQ:VSEC)

Teacher Retirement System of Texas purchased a new stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,808 shares of the construction company's stock, valued at approximately $337,000.

Several other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank lifted its stake in shares of VSE by 1.6% in the 4th quarter. Swiss National Bank now owns 32,678 shares of the construction company's stock valued at $3,108,000 after purchasing an additional 500 shares during the period. Virtu Financial LLC bought a new position in shares of VSE in the 4th quarter worth about $421,000. Quantbot Technologies LP bought a new stake in VSE during the 4th quarter valued at about $47,000. Sei Investments Co. increased its stake in VSE by 233.7% during the 4th quarter. Sei Investments Co. now owns 25,048 shares of the construction company's stock valued at $2,382,000 after purchasing an additional 17,541 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of VSE in the fourth quarter worth approximately $323,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Insiders Place Their Bets

In other news, Director Anita D. Britt sold 2,869 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $129.38, for a total transaction of $371,191.22. Following the sale, the director directly owned 3,837 shares of the company's stock, valued at $496,431.06. The trade was a 42.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by insiders.

VSE Price Performance

VSE stock traded down $0.63 during trading hours on Tuesday, hitting $129.64. The stock had a trading volume of 170,514 shares, compared to its average volume of 222,214. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.90 and a quick ratio of 2.12. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 162.05 and a beta of 1.26. VSE Corporation has a 1-year low of $73.36 and a 1-year high of $140.64. The stock's fifty day moving average is $131.33 and its two-hundred day moving average is $117.11.

VSE (NASDAQ:VSEC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.23. The company had revenue of $256.05 million for the quarter, compared to the consensus estimate of $248.20 million. VSE had a return on equity of 6.62% and a net margin of 1.41%. The company's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. As a group, analysts predict 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. Investors 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 yield of 0.31%. VSE's dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VSEC shares. B. Riley boosted their price objective on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada boosted their price objective on shares of VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Truist Financial boosted their target price 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. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.00.

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.