T. Rowe Price Investment Management Inc. Increases Position in VSE Co. (NASDAQ:VSEC)

T. Rowe Price Investment Management Inc. boosted its holdings in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 52.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,026,164 shares of the construction company's stock after purchasing an additional 698,642 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 9.93% of VSE worth $192,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VSEC. Neuberger Berman Group LLC bought a new stake in VSE in the 4th quarter worth approximately $35,834,000. Artisan Partners Limited Partnership bought a new stake in VSE in the 4th quarter worth approximately $31,692,000. Capital Research Global Investors increased its stake in VSE by 16.8% in the 4th quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company's stock worth $170,616,000 after acquiring an additional 258,674 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in VSE in the 4th quarter worth approximately $24,018,000. Finally, Vanguard Group Inc. increased its stake in VSE by 20.5% in the 4th quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company's stock worth $101,904,000 after acquiring an additional 182,465 shares during the last quarter. Institutional investors own 91.54% of the company's stock.

VSE Stock Up 0.6 %

Shares of VSE stock traded up $0.70 on Tuesday, reaching $114.92. The stock had a trading volume of 47,508 shares, compared to its average volume of 210,746. The company has a 50 day moving average price of $113.52 and a 200 day moving average price of $108.12. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $2.38 billion, a P/E ratio of 138.66 and a beta of 1.32. VSE Co. has a 1 year low of $73.36 and a 1 year high of $128.72.

VSE (NASDAQ:VSEC - Get Free Report) last announced its earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.17. VSE had a return on equity of 7.26% and a net margin of 1.36%. The company had revenue of $299.02 million for the quarter, compared to analyst estimates of $289.97 million. As a group, equities research analysts forecast that VSE Co. will post 2.96 EPS for the current year.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. VSE's payout ratio is currently 48.19%.

Wall Street Analysts Forecast Growth

VSEC has been the topic of a number of research reports. StockNews.com raised VSE to a "sell" rating in a research note on Thursday, March 6th. Truist Financial cut their target price on VSE from $134.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.