Teacher Retirement System of Texas Purchases Shares of 2,808 VSE Corporation (NASDAQ:VSEC)

Teacher Retirement System of Texas acquired a new stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,808 shares of the construction company's stock, valued at approximately $337,000.

Several other large investors have also modified their holdings of VSEC. T. Rowe Price Investment Management Inc. raised its stake in VSE by 52.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company's stock valued at $192,689,000 after purchasing an additional 698,642 shares during the period. Neuberger Berman Group LLC purchased a new stake in shares of VSE in the fourth quarter worth approximately $35,834,000. Artisan Partners Limited Partnership acquired a new stake in shares of VSE during the fourth quarter worth approximately $31,692,000. Ameriprise Financial Inc. grew its position in VSE by 63.4% during the fourth quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company's stock valued at $68,115,000 after purchasing an additional 277,971 shares in the last quarter. Finally, Capital Research Global Investors grew its position in VSE by 16.8% during the fourth quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company's stock valued at $170,616,000 after purchasing an additional 258,674 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

Insider Activity at VSE

In other news, Director Anita D. Britt sold 2,869 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $129.38, for a total value of $371,191.22. Following the completion of the transaction, the director owned 3,837 shares of the company's stock, valued at $496,431.06. The trade was a 42.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.60% of the stock is currently owned by company insiders.

VSE Price Performance

Shares of NASDAQ:VSEC traded down $1.04 on Friday, hitting $131.40. The stock had a trading volume of 135,819 shares, compared to its average volume of 222,971. The firm's 50 day moving average price is $131.33 and its 200-day moving average price is $116.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.12 and a current ratio of 3.90. VSE Corporation has a twelve month low of $73.36 and a twelve month high of $140.64. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 164.25 and a beta of 1.26.

VSE (NASDAQ:VSEC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 6.62% and a net margin of 1.41%. The firm's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period last year, the company posted $0.45 earnings per share. On average, equities research analysts predict that VSE Corporation will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Wednesday, July 16th. VSE's dividend payout ratio (DPR) is currently 50.00%.

Analyst Ratings Changes

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