KLP Kapitalforvaltning AS purchased a new position in shares of VSE Co. (NASDAQ:VSEC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,400 shares of the construction company's stock, valued at approximately $323,000.
Several other hedge funds have also made changes to their positions in the business. Jennison Associates LLC increased its stake in VSE by 12.7% during the 4th quarter. Jennison Associates LLC now owns 928,617 shares of the construction company's stock worth $88,311,000 after buying an additional 104,868 shares during the period. Geode Capital Management LLC grew its stake in shares of VSE by 12.5% in the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company's stock worth $31,669,000 after acquiring an additional 42,637 shares in the last quarter. Franklin Resources Inc. increased its position in shares of VSE by 121.6% during the third quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company's stock worth $29,801,000 after acquiring an additional 178,435 shares during the period. State Street Corp raised its stake in shares of VSE by 5.2% in the third quarter. State Street Corp now owns 323,830 shares of the construction company's stock valued at $26,790,000 after acquiring an additional 15,931 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in VSE in the fourth quarter valued at $24,018,000. Institutional investors and hedge funds own 91.54% of the company's stock.
VSE Stock Down 5.5 %
VSEC stock traded down $6.45 during trading on Thursday, hitting $110.43. 237,339 shares of the company's stock were exchanged, compared to its average volume of 201,730. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 133.05 and a beta of 1.32. VSE Co. has a 52-week low of $73.36 and a 52-week high of $128.72. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $111.56 and a two-hundred day moving average price of $105.86.
VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. The business had revenue of $299.02 million during 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%. As a group, equities research analysts expect that VSE Co. will post 2.96 EPS for the current year.
VSE Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.36%. VSE's dividend payout ratio is presently 48.19%.
Analyst Upgrades and Downgrades
VSEC has been the topic of several recent research reports. StockNews.com upgraded VSE to a "sell" rating in a report on Thursday, March 6th. Truist Financial upped their target price on shares of VSE from $129.00 to $134.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, VSE currently has an average rating of "Moderate Buy" and an average price target of $118.67.
View Our Latest Stock Report on VSE
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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