Driehaus Capital Management LLC Buys 111,765 Shares of VSE Corporation $VSEC

Key Points

• Driehaus Capital Management LLC significantly increased its stake in VSE Corporation (VSEC) by 67.7%, now owning approximately 276,800 shares valued at $33 million.
• Several brokerages have raised their price targets for VSEC, with Royal Bank of Canada leading the increase to $180, reflecting positive analyst sentiment.
• VSE Corporation recently announced a $0.10 quarterly dividend, with an annual yield of 0.2%, payable on October 29 for investors on record by October 15.

Driehaus Capital Management LLC increased its stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 67.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 276,800 shares of the construction company's stock after acquiring an additional 111,765 shares during the period. Driehaus Capital Management LLC owned about 1.34% of VSE worth $33,213,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of VSEC. MetLife Investment Management LLC raised its holdings in VSE by 17.0% during the fourth quarter. MetLife Investment Management LLC now owns 10,589 shares of the construction company's stock worth $1,007,000 after acquiring an additional 1,535 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in VSE by 21.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after acquiring an additional 258 shares in the last quarter. Susquehanna International Group LLP bought a new stake in VSE during the fourth quarter worth about $4,605,000. Price T Rowe Associates Inc. MD raised its holdings in VSE by 23.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,544 shares of the construction company's stock worth $908,000 after acquiring an additional 1,819 shares in the last quarter. Finally, Aquatic Capital Management LLC raised its holdings in VSE by 1,057.8% during the fourth quarter. Aquatic Capital Management LLC now owns 6,947 shares of the construction company's stock worth $661,000 after acquiring an additional 6,347 shares in the last quarter. Institutional investors own 91.54% of the company's stock.

Analyst Ratings Changes

VSEC has been the topic of several research analyst reports. Truist Financial upped their price objective on VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada upped their price objective on VSE from $150.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, B. Riley upped their target price on VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, VSE currently has a consensus rating of "Buy" and an average target price of $145.00.

VSE Price Performance

NASDAQ:VSEC traded up $1.40 during trading hours on Tuesday, reaching $163.80. 146,807 shares of the company were exchanged, compared to its average volume of 245,809. The company has a market capitalization of $3.39 billion, a P/E ratio of 146.25 and a beta of 1.37. VSE Corporation has a 1-year low of $80.60 and a 1-year high of $169.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.73 and a quick ratio of 1.44. The business has a 50 day moving average of $144.76 and a 200 day moving average of $128.75.

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, topping 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 firm had revenue of $272.14 million during the quarter, compared to analysts' expectations of $267.39 million. During the same period in the prior year, the company earned $0.47 earnings per share. The company's quarterly revenue was up 41.1% on a year-over-year basis. VSE has set its FY 2025 guidance at EPS. Research analysts forecast that VSE Corporation will post 2.96 EPS for the current year.

VSE Dividend Announcement

The company 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 $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 is presently 35.71%.

VSE 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.