VSE Co. (NASDAQ:VSEC) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its position in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,570 shares of the construction company's stock after selling 2,986 shares during the quarter. Bank of America Corp DE owned approximately 0.37% of VSE worth $7,092,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Barclays PLC boosted its stake in shares of VSE by 711.2% in the 3rd quarter. Barclays PLC now owns 40,770 shares of the construction company's stock valued at $3,374,000 after purchasing an additional 35,744 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in VSE by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company's stock valued at $581,000 after buying an additional 1,058 shares in the last quarter. SG Americas Securities LLC bought a new position in VSE in the fourth quarter valued at approximately $493,000. KFA Private Wealth Group LLC bought a new stake in shares of VSE in the fourth quarter worth $209,000. Finally, Jennison Associates LLC raised its holdings in VSE by 12.7% during the fourth quarter. Jennison Associates LLC now owns 928,617 shares of the construction company's stock worth $88,311,000 after acquiring an additional 104,868 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently 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. Wall Street Zen raised shares of VSE to a "sell" rating in a research report on Thursday, March 6th. Truist Financial upped their price objective 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, Royal Bank of Canada increased their target price on shares of VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $125.17.

VSE Price Performance

VSEC stock traded up $0.28 during midday trading on Friday, hitting $129.93. The company's stock had a trading volume of 14,077 shares, compared to its average volume of 217,497. VSE Co. has a 12 month low of $73.36 and a 12 month high of $139.51. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 161.98 and a beta of 1.34. The company has a 50 day moving average of $119.57 and a two-hundred day moving average of $111.52.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.55 by $0.23. VSE had a return on equity of 7.26% and a net margin of 1.36%. The firm had revenue of $256.05 million for the quarter, compared to analyst estimates of $248.20 million. During the same quarter last year, the firm posted $0.45 earnings per share. The business's revenue for the quarter was up 57.6% on a year-over-year basis. On average, analysts expect that VSE Co. will post 2.96 EPS for the current year.

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's dividend payout ratio (DPR) is currently 50.00%.

Insider Activity

In other VSE news, Director Anita D. Britt sold 2,869 shares of the company's stock in a transaction dated 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 now owns 3,837 shares in the company, valued at $496,431.06. This represents a 42.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 14.60% of the company's stock.

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.