Victory Capital Management Inc. decreased its holdings in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 24.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,338 shares of the construction company's stock after selling 4,377 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of VSE worth $1,600,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in shares of VSE by 857.1% during the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock valued at $45,000 after purchasing an additional 420 shares during the period. Quantbot Technologies LP acquired a new stake in VSE in the fourth quarter worth about $47,000. Amalgamated Bank boosted its holdings in VSE by 36.5% in the first quarter. Amalgamated Bank now owns 610 shares of the construction company's stock worth $73,000 after acquiring an additional 163 shares in the last quarter. KBC Group NV purchased a new position in shares of VSE in the first quarter worth about $99,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of VSE by 21.7% in 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 last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.
VSE Price Performance
VSEC traded down $10.27 during trading on Friday, hitting $146.27. The company's stock had a trading volume of 312,210 shares, compared to its average volume of 168,697. The company has a current ratio of 3.90, a quick ratio of 2.12 and a debt-to-equity ratio of 0.47. VSE Corporation has a twelve month low of $73.36 and a twelve month high of $158.11. The business's fifty day simple moving average is $132.97 and its 200 day simple moving average is $119.96. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 130.60 and a beta of 1.26.
VSE (NASDAQ:VSEC - Get Free Report) last released its earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.28. The business had revenue of $272.14 million for the quarter, compared to the consensus estimate of $267.39 million. VSE had a return on equity of 7.37% and a net margin of 1.94%. The business's quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. On average, equities research analysts forecast that VSE Corporation will post 2.96 EPS for the current fiscal year.
VSE Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. VSE's payout ratio is presently 35.71%.
Insider Activity at VSE
In related 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 14.60% of the company's stock.
Wall Street Analyst Weigh In
VSEC has been the subject of several research analyst reports. Royal Bank Of Canada raised their price objective on VSE from $150.00 to $180.00 and gave the stock an "outperform" rating in a research note on Friday. B. Riley lifted their price target on VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Truist Financial lifted their price target on VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $136.00.
Read Our Latest Stock Report on VSE
About VSE
(
Free Report)
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.
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