Corebridge Financial Inc. Decreases Position in VSE Corporation $VSEC

Corebridge Financial Inc. trimmed its holdings in shares of VSE Corporation (NASDAQ:VSEC) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,625 shares of the construction company’s stock after selling 128 shares during the quarter. Corebridge Financial Inc.’s holdings in VSE were worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Axiom Investors LLC DE acquired a new position in shares of VSE in the 1st quarter valued at $8,915,000. Penn Capital Management Company LLC purchased a new stake in VSE in the first quarter valued at $498,000. Ameriprise Financial Inc. grew its position in VSE by 48.5% during the 1st quarter. Ameriprise Financial Inc. now owns 1,063,832 shares of the construction company’s stock worth $127,654,000 after purchasing an additional 347,664 shares during the period. Bragg Financial Advisors Inc raised its stake in shares of VSE by 1.3% during the 1st quarter. Bragg Financial Advisors Inc now owns 61,461 shares of the construction company’s stock valued at $7,375,000 after buying an additional 813 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of VSE by 25.2% during 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 buying an additional 511,214 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Trading Up 1.7%

Shares of NASDAQ:VSEC opened at $164.72 on Friday. The business’s 50 day moving average price is $146.51 and its 200-day moving average price is $129.69. VSE Corporation has a 1 year low of $80.60 and a 1 year high of $169.00. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 147.07 and a beta of 1.37. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.73 and a quick ratio of 1.44.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Wednesday, July 30th. The construction company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.28. The company had revenue of $272.14 million during the quarter, compared to analysts’ expectations of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.25%. The firm’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. VSE has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, October 15th. VSE’s dividend payout ratio is 35.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank Of Canada upped their target price on VSE from $150.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. B. Riley upped their price objective on VSE from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Truist Financial lifted their target price on shares of VSE from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $145.00.

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.