VSE Co. (NASDAQ:VSEC) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its position in shares of VSE Co. (NASDAQ:VSEC) by 23.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,544 shares of the construction company’s stock after buying an additional 1,819 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in VSE were worth $908,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Susquehanna International Group LLP acquired a new position in VSE in the 4th quarter valued at $4,605,000. Tower Research Capital LLC TRC increased its stake in VSE by 21.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company’s stock valued at $138,000 after purchasing an additional 258 shares during the last quarter. MetLife Investment Management LLC lifted its position 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 buying an additional 1,535 shares during the period. Capital Research Global Investors boosted 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 buying an additional 258,674 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in VSE by 390.9% in the 4th quarter. Marshall Wace LLP now owns 13,608 shares of the construction company’s stock valued at $1,294,000 after buying an additional 10,836 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. B. Riley increased their price objective on shares of VSE from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday. Truist Financial boosted their target price on VSE from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank of Canada lifted their price target on shares of VSE from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, StockNews.com raised shares of VSE to a “sell” rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.17.

VSE Stock Down 1.7 %

NASDAQ VSEC opened at $129.14 on Friday. The stock has a market cap of $2.67 billion, a PE ratio of 155.59 and a beta of 1.34. The business has a 50 day moving average price of $116.04 and a two-hundred day moving average price of $109.42. VSE Co. has a fifty-two week low of $73.36 and a fifty-two week high of $134.00. 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) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.23. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business had revenue of $256.05 million during the quarter, compared to analyst estimates of $248.20 million. During the same period last year, the business earned $0.45 EPS. The business’s revenue was up 57.6% on a year-over-year basis. As a group, sell-side analysts predict that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE’s payout ratio is 48.19%.

About VSE

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.