VSE Corporation $VSEC Shares Sold by North Star Investment Management Corp.

Key Points

• North Star Investment Management Corp. has reduced its stake in VSE Corporation by 31.7%, now holding 4,300 shares worth approximately $563,000.
• VSE reported a quarterly earnings per share (EPS) of $0.97, exceeding analysts' estimates of $0.69, with a 41.1% year-over-year revenue increase to $272.14 million.
• The company announced a quarterly dividend of $0.10, with an ex-dividend date of October 15th, representing an annualized yield of 0.2% and a payout ratio of 35.71%.

North Star Investment Management Corp. reduced its stake in VSE Corporation (NASDAQ:VSEC - Free Report) by 31.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,300 shares of the construction company's stock after selling 2,000 shares during the period. North Star Investment Management Corp.'s holdings in VSE were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in VSEC. T. Rowe Price Investment Management Inc. lifted its holdings in VSE by 25.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,537,378 shares of the construction company's stock valued at $304,460,000 after acquiring an additional 511,214 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in VSE by 100.5% during the first quarter. Neuberger Berman Group LLC now owns 755,461 shares of the construction company's stock valued at $90,648,000 after purchasing an additional 378,661 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in VSE by 48.5% during the first quarter. Ameriprise Financial Inc. now owns 1,063,832 shares of the construction company's stock valued at $127,654,000 after purchasing an additional 347,664 shares during the last quarter. Durable Capital Partners LP boosted its holdings in VSE by 41.9% during the first quarter. Durable Capital Partners LP now owns 865,017 shares of the construction company's stock worth $103,793,000 after buying an additional 255,434 shares in the last quarter. Finally, Emerald Advisers LLC acquired a new position in VSE in the first quarter worth approximately $19,671,000. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Stock Down 0.3%

Shares of VSE stock opened at $161.12 on Friday. VSE Corporation has a 1 year low of $80.61 and a 1 year high of $174.55. The company has a market cap of $3.33 billion, a P/E ratio of 143.86 and a beta of 1.37. 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 stock has a 50-day moving average price of $157.78 and a 200 day moving average price of $135.60.

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

VSE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be given a $0.10 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. VSE's dividend payout ratio is presently 35.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada increased their price objective on VSE from $150.00 to $180.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Stifel Nicolaus started coverage on shares of VSE in a research note on Tuesday, September 16th. They set a "buy" rating and a $199.00 price objective for the company. Five analysts have rated the stock with a Buy rating, According to MarketBeat, VSE currently has a consensus rating of "Buy" and an average target price of $155.80.

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.

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