Victory Capital Management Inc. Decreases Stock Holdings in VSE Corporation (NASDAQ:VSEC)

Key Points

• Victory Capital Management Inc. reduced its stake in VSE Corporation by 24.7% during the first quarter, now owning 0.06% of the company valued at approximately $1.6 million.
• VSE's earnings for the quarter ended on May 6th showed an EPS of $0.78, beating the consensus estimate by $0.23, with revenues rising by 57.6% year-over-year.
• The company recently announced a quarterly dividend of $0.10 per share, payable on July 30th, representing a yield of 0.28%.

Victory Capital Management Inc. lowered its stake in VSE Corporation (NASDAQ:VSEC - Free Report) by 24.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 13,338 shares of the construction company's stock after selling 4,377 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of VSE worth $1,600,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its stake in VSE by 52.6% in 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 last quarter. Capital Research Global Investors raised its stake in shares of 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 acquiring an additional 258,674 shares during the last quarter. Vanguard Group Inc. raised its stake in VSE by 20.5% during the fourth quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company's stock worth $101,904,000 after buying an additional 182,465 shares during the last quarter. Ameriprise Financial Inc. raised its stake in VSE by 63.4% during the fourth quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company's stock worth $68,115,000 after buying an additional 277,971 shares during the last quarter. Finally, AltraVue Capital LLC raised its stake in VSE by 8.8% during the fourth quarter. AltraVue Capital LLC now owns 617,648 shares of the construction company's stock worth $58,738,000 after buying an additional 50,000 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Trading Down 6.6%

VSE stock traded down $10.27 during trading hours on Friday, reaching $146.27. The stock had a trading volume of 312,204 shares, compared to its average volume of 243,613. The company has a fifty day simple moving average of $132.58 and a 200-day simple moving average of $119.62. VSE Corporation has a 52 week low of $73.36 and a 52 week high of $158.11. 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 cap of $3.02 billion, a PE ratio of 130.60 and a beta of 1.26.

VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The construction company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.69 by $0.28. VSE had a net margin of 1.94% and a return on equity of 7.37%. The firm had revenue of $272.14 million during the quarter, compared to analysts' expectations of $267.39 million. During the same period last year, the company posted $0.47 EPS. The company's quarterly revenue was up 41.1% compared to the same quarter last year. Analysts forecast that VSE Corporation will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Wednesday, October 15th. VSE's dividend payout ratio (DPR) is currently 50.00%.

Insiders Place Their Bets

In other news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction that occurred 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 sale, the director directly owned 3,837 shares in the company, valued at $496,431.06. The trade was a 42.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 14.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VSEC shares. B. Riley lifted their price objective on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Truist Financial boosted their price target on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of VSE from $150.00 to $180.00 and gave the stock an "outperform" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $136.00.

VSE Company 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.