RIA Advisory Group LLC Makes New Investment in VSE Co. (NASDAQ:VSEC)

RIA Advisory Group LLC purchased a new position in VSE Co. (NASDAQ:VSEC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,290 shares of the construction company's stock, valued at approximately $923,000. RIA Advisory Group LLC owned approximately 0.09% of VSE at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its position in shares of VSE by 26.4% during the third quarter. First Eagle Investment Management LLC now owns 123,573 shares of the construction company's stock valued at $6,233,000 after buying an additional 25,814 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of VSE by 25.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 99,782 shares of the construction company's stock valued at $5,033,000 after buying an additional 19,955 shares during the last quarter. Boston Partners grew its holdings in shares of VSE by 97.8% during the third quarter. Boston Partners now owns 15,522 shares of the construction company's stock valued at $783,000 after buying an additional 7,674 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of VSE during the third quarter valued at $22,203,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of VSE by 48.8% during the third quarter. Janney Montgomery Scott LLC now owns 24,352 shares of the construction company's stock valued at $1,228,000 after buying an additional 7,985 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

VSE Stock Performance

NASDAQ:VSEC traded up $0.58 during mid-day trading on Friday, hitting $75.68. The company's stock had a trading volume of 73,532 shares, compared to its average volume of 88,989. VSE Co. has a 1 year low of $41.17 and a 1 year high of $83.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.70 and a quick ratio of 0.95. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 31.53 and a beta of 1.67. The business's fifty day moving average is $75.62 and its two-hundred day moving average is $65.17.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, May 1st. VSE's payout ratio is currently 16.67%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VSEC. Benchmark reissued a "buy" rating and set a $85.00 price objective on shares of VSE in a report on Tuesday. Truist Financial boosted their price objective on shares of VSE from $77.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. Finally, StockNews.com lowered shares of VSE from a "hold" rating to a "sell" rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.25.

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.