Charles Schwab Investment Management Inc. Increases Position in VSE Corporation $VSEC

Key Points

• Charles Schwab Investment Management Inc. raised its stake in VSE Corporation by 3.5%, holding 194,876 shares valued at approximately $23.38 million.
• VSE Corporation reported a strong quarterly earnings performance, achieving $0.97 earnings per share, exceeding analyst expectations of $0.69.
• The company declared a quarterly dividend of $0.10 per share, with a record date of October 15th, representing an annual yield of 0.2%.

Charles Schwab Investment Management Inc. boosted its holdings in VSE Corporation (NASDAQ:VSEC - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,876 shares of the construction company's stock after purchasing an additional 6,602 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.94% of VSE worth $23,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC raised its position in VSE by 857.1% in the 4th 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 last quarter. Amalgamated Bank raised its position in VSE by 36.5% in the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company's stock valued at $73,000 after purchasing an additional 163 shares during the last quarter. KBC Group NV purchased a new stake in VSE in the 1st quarter valued at $99,000. Tower Research Capital LLC TRC raised its position in VSE by 21.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock valued at $138,000 after purchasing an additional 258 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in VSE in the 1st quarter valued at $202,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

VSE Stock Performance

Shares of VSE stock traded down $1.95 on Wednesday, reaching $165.07. 178,022 shares of the stock were exchanged, compared to its average volume of 290,484. The business has a fifty day moving average price of $143.21 and a two-hundred day moving average price of $127.10. The company has a current ratio of 3.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $3.41 billion, a PE ratio of 147.38 and a beta of 1.33. VSE Corporation has a 1-year low of $80.60 and a 1-year high of $169.00.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share (EPS) 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 the consensus estimate of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.25%. The business's revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. VSE has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, October 15th. VSE's dividend payout ratio (DPR) is currently 35.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VSEC. Royal Bank Of Canada upped 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, August 1st. 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 research note on Thursday, May 8th. Finally, B. Riley boosted their price target on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $145.00.

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.