Granite Investment Partners LLC acquired a new stake in VSE Co. (NASDAQ:VSEC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 95,880 shares of the construction company's stock, valued at approximately $9,118,000. Granite Investment Partners LLC owned about 0.47% of VSE at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its position in shares of VSE by 857.1% during the 4th quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock worth $45,000 after purchasing an additional 420 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in shares of VSE by 24.7% during the fourth quarter. Kennedy Capital Management LLC now owns 76,777 shares of the construction company's stock valued at $7,301,000 after acquiring an additional 15,230 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in VSE during the 4th quarter worth about $35,834,000. Legal & General Group Plc lifted its holdings in VSE by 3.2% in the 4th 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 in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of VSE by 10.9% during the 4th quarter. Invesco Ltd. now owns 116,481 shares of the construction company's stock worth $11,077,000 after purchasing an additional 11,418 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.
VSE Trading Down 1.7 %
VSEC traded down $1.90 on Friday, reaching $108.19. 821,038 shares of the company's stock were exchanged, compared to its average volume of 207,845. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 130.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. VSE Co. has a twelve month low of $73.36 and a twelve month high of $128.72. The company's 50 day moving average is $112.12 and its 200-day moving average is $106.67.
VSE (NASDAQ:VSEC - Get Free Report) last issued its earnings results on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.17. The business had revenue of $299.02 million for the quarter, compared to the consensus estimate of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. Equities analysts predict that VSE Co. will post 2.96 earnings per share for the current year.
VSE Dividend Announcement
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 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 0.37%. VSE's payout ratio is currently 48.19%.
Analyst Ratings Changes
A number of analysts recently issued reports on VSEC shares. StockNews.com upgraded shares of VSE to a "sell" rating in a research report on Thursday, March 6th. Truist Financial reduced 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. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $118.00.
Read Our Latest Stock Report on VSEC
VSE Company Profile
(
Free Report)
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.
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