Stephens Investment Management Group LLC lowered its stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 3.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 175,534 shares of the construction company's stock after selling 7,139 shares during the period. Stephens Investment Management Group LLC owned 0.85% of VSE worth $21,062,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of VSE by 94.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,608 shares of the construction company's stock worth $553,000 after purchasing an additional 2,236 shares in the last quarter. Amalgamated Bank raised its stake in shares of VSE by 36.5% during the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company's stock worth $73,000 after purchasing an additional 163 shares in the last quarter. KBC Group NV bought a new stake in shares of VSE during the 1st quarter worth approximately $99,000. Legal & General Group Plc raised its stake in shares of VSE by 3.2% during the 4th quarter. Legal & General Group Plc now owns 15,955 shares of the construction company's stock worth $1,517,000 after purchasing an additional 490 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of VSE by 76.2% during the 4th quarter. Deutsche Bank AG now owns 12,963 shares of the construction company's stock worth $1,233,000 after purchasing an additional 5,608 shares in the last quarter. Institutional investors own 91.54% of the company's stock.
Analyst Ratings Changes
VSEC has been the topic of a number of analyst reports. B. Riley upped their price objective on VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Truist Financial boosted their target price on 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 boosted their target price on VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat, VSE presently has a consensus rating of "Moderate Buy" and an average price target of $130.00.
Get Our Latest Stock Report on VSEC
Insider Buying and Selling
In other VSE news, Director Anita D. Britt sold 2,869 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $129.38, for a total value of $371,191.22. Following the transaction, the director directly owned 3,837 shares of the company's stock, valued at $496,431.06. This represents a 42.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.
VSE Stock Performance
Shares of VSEC stock traded down $4.21 during trading on Tuesday, reaching $125.37. 127,799 shares of the company's stock were exchanged, compared to its average volume of 224,658. The company has a quick ratio of 2.12, a current ratio of 3.90 and a debt-to-equity ratio of 0.47. The firm's fifty day moving average price is $131.23 and its 200-day moving average price is $116.21. VSE Corporation has a twelve month low of $73.36 and a twelve month high of $140.64. The stock has a market capitalization of $2.59 billion, a PE ratio of 156.71 and a beta of 1.26.
VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.23. VSE had a return on equity of 6.62% and a net margin of 1.41%. The firm had revenue of $256.05 million for the quarter, compared to analyst estimates of $248.20 million. During the same period in the prior year, the firm posted $0.45 EPS. The company's revenue for the quarter was up 57.6% on a year-over-year basis. As a group, sell-side analysts anticipate that VSE Corporation will post 2.96 EPS for the current year.
VSE Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's dividend payout ratio is 50.00%.
VSE Profile
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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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