Kennedy Capital Management LLC Grows Position in VSE Co. (NASDAQ:VSEC)

Kennedy Capital Management LLC lifted its position in VSE Co. (NASDAQ:VSEC - Free Report) by 24.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,777 shares of the construction company's stock after purchasing an additional 15,230 shares during the quarter. Kennedy Capital Management LLC owned about 0.38% of VSE worth $7,301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VSEC. BNP Paribas Financial Markets lifted its holdings in shares of VSE by 4.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company's stock valued at $274,000 after purchasing an additional 134 shares during the last quarter. Corebridge Financial Inc. boosted its stake in shares of VSE by 3.0% in the fourth quarter. Corebridge Financial Inc. now owns 8,753 shares of the construction company's stock worth $832,000 after buying an additional 258 shares during the last quarter. LPL Financial LLC increased its holdings in shares of VSE by 13.8% during the 4th quarter. LPL Financial LLC now owns 3,223 shares of the construction company's stock valued at $307,000 after purchasing an additional 391 shares in the last quarter. US Bancorp DE raised its position in shares of VSE by 16.8% in the fourth quarter. US Bancorp DE now owns 3,021 shares of the construction company's stock worth $287,000 after acquiring an additional 435 shares during the period. Finally, Legal & General Group Plc grew its holdings in VSE by 3.2% in the fourth quarter. Legal & General Group Plc now owns 15,955 shares of the construction company's stock valued at $1,517,000 after purchasing an additional 490 shares during the period. 91.54% of the stock is currently owned by institutional investors.

VSE Stock Performance

Shares of NASDAQ:VSEC traded down $1.99 during trading on Thursday, reaching $108.10. The stock had a trading volume of 125,797 shares, compared to its average volume of 204,561. VSE Co. has a 52 week low of $73.36 and a 52 week high of $128.72. The stock has a fifty day simple moving average of $112.09 and a two-hundred day simple moving average of $106.50. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 130.30 and a beta of 1.32. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. The firm had revenue of $299.02 million during the quarter, compared to analysts' expectations of $289.97 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. As a group, analysts anticipate that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Thursday, May 1st. VSE's payout ratio is 48.19%.

Wall Street Analyst Weigh In

Several analysts have issued reports on VSEC shares. Truist Financial dropped their target price on VSE from $134.00 to $130.00 and set a "buy" rating for the company in a report on Thursday. StockNews.com raised shares of VSE to a "sell" rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $118.00.

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.