Hennessy Advisors Inc. increased its stake in VSE Co. (NASDAQ:VSEC - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,946 shares of the construction company's stock after purchasing an additional 8,200 shares during the period. Hennessy Advisors Inc. owned approximately 0.63% of VSE worth $12,168,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of VSE in the third quarter valued at approximately $155,000. US Bancorp DE grew its position in VSE by 1,180.2% in the third quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock valued at $214,000 after purchasing an additional 2,384 shares in the last quarter. BNP Paribas Financial Markets increased its stake in VSE by 4.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company's stock valued at $274,000 after buying an additional 134 shares during the last quarter. Park Avenue Securities LLC lifted its position in VSE by 13.8% during the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company's stock worth $316,000 after buying an additional 464 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of VSE during the 3rd quarter worth about $394,000. Institutional investors own 91.54% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Truist Financial lowered their target price on VSE from $133.00 to $129.00 and set a "buy" rating on the stock in a research report on Tuesday. StockNews.com raised VSE to a "sell" rating in a research report on Monday, December 9th. B. Riley increased their price objective on VSE from $120.00 to $132.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of VSE from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Finally, Jefferies Financial Group increased their price target on shares of VSE from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $117.83.
Get Our Latest Stock Report on VSE
VSE Trading Up 1.6 %
VSEC traded up $1.60 during trading on Friday, hitting $103.38. 503,156 shares of the stock traded hands, compared to its average volume of 242,869. The business has a 50 day moving average price of $106.72 and a 200 day moving average price of $96.31. 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 Co. has a twelve month low of $57.45 and a twelve month high of $123.92.
VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business had revenue of $273.61 million during the quarter, compared to the consensus estimate of $270.88 million. During the same period in the prior year, the company earned $0.92 EPS. As a group, sell-side analysts anticipate that VSE Co. will post 2.92 EPS for the current year.
VSE Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $0.40 annualized dividend and a yield of 0.39%.
About VSE
(
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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