Mutual of America Capital Management LLC Sells 10,791 Shares of VSE Co. (NASDAQ:VSEC)

Mutual of America Capital Management LLC cut its holdings in VSE Co. (NASDAQ:VSEC - Free Report) by 13.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,981 shares of the construction company's stock after selling 10,791 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.33% of VSE worth $6,465,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new position in VSE during the 4th quarter valued at approximately $446,000. Bank of New York Mellon Corp increased its holdings in shares of VSE by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 80,972 shares of the construction company's stock valued at $7,700,000 after acquiring an additional 2,429 shares in the last quarter. Wealthspire Advisors LLC raised its position in shares of VSE by 106.7% in the 4th quarter. Wealthspire Advisors LLC now owns 13,490 shares of the construction company's stock worth $1,283,000 after purchasing an additional 6,965 shares during the last quarter. New York State Common Retirement Fund boosted its stake in VSE by 178.3% in the 4th quarter. New York State Common Retirement Fund now owns 128,876 shares of the construction company's stock worth $12,256,000 after purchasing an additional 82,576 shares in the last quarter. Finally, Truist Financial Corp purchased a new stake in VSE during the 4th quarter valued at about $557,000. 91.54% of the stock is currently owned by institutional investors.

VSE Stock Performance

VSEC stock traded up $0.69 on Friday, hitting $116.32. The company had a trading volume of 208,993 shares, compared to its average volume of 184,044. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 140.14 and a beta of 1.62. 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 stock's 50-day simple moving average is $101.79 and its 200 day simple moving average is $100.39. VSE Co. has a 12-month low of $73.11 and a 12-month high of $123.92.

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VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.73 by $0.17. VSE had a return on equity of 7.26% and a net margin of 1.36%. The company had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million. As a group, equities research analysts expect that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The firm also recently declared 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. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Thursday, May 1st. VSE's payout ratio is currently 48.19%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VSEC. StockNews.com raised shares of VSE to a "sell" rating in a report on Thursday. Royal Bank of Canada boosted their price objective on shares of VSE from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Truist Financial increased their target price on VSE from $129.00 to $134.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, B. Riley boosted their price target on VSE from $120.00 to $132.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $118.67.

VSE Company Profile

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.