Broad Bay Capital Management LP Has $37.72 Million Stake in VSE Corporation $VSEC

Key Points

• Broad Bay Capital Management LP increased its holdings in VSE Corporation by 20.5% during the first quarter, making it one of the largest institutional investors in the company.
• VSE Corporation reported $0.97 earnings per share (EPS) for the last quarter, surpassing analysts' estimates and showing a 41.1% revenue increase year-over-year.
• The company has announced a quarterly dividend of $0.10 per share to be paid on October 29, representing a dividend yield of 0.2%.

Broad Bay Capital Management LP increased its holdings in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 20.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,364 shares of the construction company's stock after purchasing an additional 53,421 shares during the quarter. VSE makes up 5.5% of Broad Bay Capital Management LP's portfolio, making the stock its 5th biggest holding. Broad Bay Capital Management LP owned approximately 1.52% of VSE worth $37,721,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank grew its position in shares of VSE by 36.5% during the first 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 purchased a new stake in shares of VSE in the first quarter worth about $99,000. Tower Research Capital LLC TRC lifted its position 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 buying an additional 258 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of VSE in the first quarter worth about $202,000. Finally, HighTower Advisors LLC purchased a new stake in shares of VSE in the first quarter worth about $268,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

VSE Trading Up 0.9%

Shares of NASDAQ:VSEC traded up $1.48 during trading hours on Tuesday, hitting $163.88. 112,098 shares of the company's stock traded hands, compared to its average volume of 245,447. VSE Corporation has a 1 year low of $80.60 and a 1 year high of $169.00. The business has a fifty day moving average price of $144.76 and a 200-day moving average price of $128.75. The firm has a market capitalization of $3.39 billion, a P/E ratio of 146.32 and a beta of 1.37. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.73 and a quick ratio of 1.44.

VSE (NASDAQ:VSEC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.28. VSE had a return on equity of 7.25% and a net margin of 1.94%.The business had revenue of $272.14 million during the quarter, compared to analyst estimates of $267.39 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The company's revenue for the quarter was up 41.1% compared to the same quarter last year. VSE has set its FY 2025 guidance at EPS. Equities analysts expect that VSE Corporation will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

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 paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. VSE's payout ratio is currently 35.71%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Truist Financial boosted their target price on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. B. Riley boosted their target price on VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada boosted their target price on VSE from $150.00 to $180.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average 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.