VSE Corporation (NASDAQ:VSEC) Shares Acquired by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its holdings in VSE Corporation by 35.9%, owning approximately 0.30% of the company worth $7.49 million after purchasing an additional 16,486 shares.
• Research analysts have raised their price targets for VSE, with Truist Financial increasing theirs from $130 to $140 and Royal Bank of Canada from $150 to $180, indicating a positive outlook for the stock.
• VSE Corporation reported $0.97 earnings per share for the last quarter, exceeding consensus estimates, and announced a quarterly dividend of $0.10 per share, scheduled for payment on October 29th.

TD Asset Management Inc grew its holdings in VSE Corporation (NASDAQ:VSEC - Free Report) by 35.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,414 shares of the construction company's stock after purchasing an additional 16,486 shares during the quarter. TD Asset Management Inc owned approximately 0.30% of VSE worth $7,489,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Amalgamated Bank boosted its position in VSE by 36.5% during the first quarter. Amalgamated Bank now owns 610 shares of the construction company's stock worth $73,000 after acquiring an additional 163 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in VSE by 14.5% during the fourth 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 during the period. Corebridge Financial Inc. raised its stake in VSE by 3.0% during the fourth quarter. Corebridge Financial Inc. now owns 8,753 shares of the construction company's stock worth $832,000 after purchasing an additional 258 shares during the period. Tower Research Capital LLC TRC raised its stake in VSE by 21.7% during the fourth 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 during the period. Finally, Bragg Financial Advisors Inc raised its stake in VSE by 0.5% during the fourth quarter. Bragg Financial Advisors Inc now owns 60,648 shares of the construction company's stock worth $5,768,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.

Insiders Place Their Bets

In other VSE news, Director Anita D. Britt sold 2,869 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $129.38, for a total transaction of $371,191.22. Following the completion of the transaction, the director directly owned 3,837 shares of the company's stock, valued at $496,431.06. This trade represents a 42.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by corporate insiders.

VSE Trading Up 6.2%

Shares of VSEC stock traded up $9.01 during mid-day trading on Monday, reaching $155.28. The company's stock had a trading volume of 104,439 shares, compared to its average volume of 242,453. The company's 50 day simple moving average is $132.97 and its 200-day simple moving average is $120.23. The firm has a market capitalization of $3.21 billion, a PE ratio of 138.64 and a beta of 1.33. VSE Corporation has a 12-month low of $73.36 and a 12-month high of $158.11. The company has a quick ratio of 2.12, a current ratio of 3.90 and a debt-to-equity ratio of 0.47.

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 for the quarter, beating analysts' consensus estimates of $0.69 by $0.28. The business had revenue of $272.14 million during the quarter, compared to analyst estimates of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.37%. The business's revenue was up 41.1% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. On average, research analysts predict that VSE Corporation will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, October 15th. VSE's dividend payout ratio (DPR) is currently 35.71%.

Wall Street Analysts Forecast Growth

VSEC has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price target on shares of VSE from $150.00 to $180.00 and gave the stock an "outperform" rating in a research note on Friday. Truist Financial increased their price target on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, B. Riley raised their target price on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $145.00.

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.