Stephens Investment Management Group LLC Sells 7,139 Shares of VSE Corporation (NASDAQ:VSEC)

Stephens Investment Management Group LLC trimmed its holdings in VSE Corporation (NASDAQ:VSEC - Free Report) by 3.9% in the 1st quarter, according to its most recent disclosure 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 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in VSEC. Sterling Capital Management LLC boosted its holdings in shares of VSE by 857.1% during the 4th quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock worth $45,000 after buying an additional 420 shares during the period. Quantbot Technologies LP bought a new stake in shares of VSE during the 4th quarter worth $47,000. Amalgamated Bank boosted its holdings 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 buying an additional 163 shares during the period. KBC Group NV bought a new stake in shares of VSE during the 1st quarter worth $99,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of VSE by 21.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after buying an additional 258 shares during the period. 91.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VSEC. B. Riley increased their price objective 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. Truist Financial increased their price objective on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada increased their price objective on shares of VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a research note 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $130.00.

VSE Price Performance

Shares of VSE stock traded up $3.46 during mid-day trading on Thursday, reaching $132.44. 201,271 shares of the stock were exchanged, compared to its average volume of 224,448. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 165.55 and a beta of 1.26. The company has a current ratio of 3.90, a quick ratio of 2.12 and a debt-to-equity ratio of 0.47. The firm has a 50-day simple moving average of $131.28 and a 200 day simple moving average of $116.55. VSE Corporation has a fifty-two week low of $73.36 and a fifty-two week high of $140.64.

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, topping analysts' consensus estimates of $0.55 by $0.23. VSE had a net margin of 1.41% and a return on equity of 6.62%. The firm had revenue of $256.05 million for the quarter, compared to analyst estimates of $248.20 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The company's revenue was up 57.6% on a year-over-year basis. On average, sell-side analysts predict that VSE Corporation will post 2.96 EPS for the current fiscal 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 issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Wednesday, July 16th. VSE's dividend payout ratio is currently 50.00%.

Insider Buying and Selling

In other news, Director Anita D. Britt sold 2,869 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $129.38, for a total value of $371,191.22. Following the transaction, the director owned 3,837 shares of the company's stock, valued at approximately $496,431.06. This trade 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 hyperlink. 14.60% of the stock is currently owned by corporate insiders.

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.