Calamos Advisors LLC Boosts Stake in VSE Co. (NASDAQ:VSEC)

Calamos Advisors LLC raised its holdings in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 86.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,431 shares of the construction company's stock after purchasing an additional 14,586 shares during the quarter. Calamos Advisors LLC owned 0.20% of VSE worth $2,775,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. AJOVista LLC acquired a new position in shares of VSE in the 4th quarter worth approximately $75,000. Simplex Trading LLC acquired a new position in shares of VSE in the 4th quarter worth approximately $199,000. Park Avenue Securities LLC acquired a new position in shares of VSE in the 1st quarter worth approximately $221,000. Caprock Group LLC acquired a new position in shares of VSE in the 1st quarter worth approximately $241,000. Finally, Precision Wealth Strategies LLC acquired a new position in shares of VSE in the 1st quarter worth approximately $280,000. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Stock Performance

VSE stock traded up $0.95 during mid-day trading on Friday, hitting $90.94. 89,980 shares of the company's stock traded hands, compared to its average volume of 172,147. The firm has a 50 day moving average price of $87.01 and a 200 day moving average price of $80.71. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.68 billion, a PE ratio of 27.69 and a beta of 1.59. VSE Co. has a one year low of $48.47 and a one year high of $94.10.

VSE (NASDAQ:VSEC - Get Free Report) last announced its earnings results on Wednesday, July 31st. The construction company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $265.96 million for the quarter, compared to the consensus estimate of $256.60 million. VSE had a net margin of 1.21% and a return on equity of 7.87%. On average, equities analysts forecast that VSE Co. will post 3.17 EPS for the current year.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.44%. The ex-dividend date is Wednesday, November 6th.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial lifted their target price on VSE from $92.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. Royal Bank of Canada restated an "outperform" rating and set a $100.00 price objective on shares of VSE in a research report on Thursday, August 1st. Stifel Nicolaus began coverage on VSE in a research report on Friday, June 28th. They set a "buy" rating and a $101.00 price objective for the company. Benchmark restated a "buy" rating and set a $100.00 price objective on shares of VSE in a research report on Friday, August 2nd. Finally, Jefferies Financial Group began coverage on VSE in a research report on Wednesday, August 14th. They set a "buy" rating and a $100.00 price objective for the company. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $99.83.

VSE 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.