Neuberger Berman Group LLC Takes Position in VSE Co. (NASDAQ:VSEC)

Neuberger Berman Group LLC bought a new stake in VSE Co. (NASDAQ:VSEC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 376,800 shares of the construction company's stock, valued at approximately $35,834,000. Neuberger Berman Group LLC owned approximately 1.85% of VSE as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Artisan Partners Limited Partnership bought a new position in shares of VSE in the fourth quarter valued at approximately $31,692,000. Allspring Global Investments Holdings LLC bought a new position in VSE during the 4th quarter valued at $24,018,000. Vanguard Group Inc. increased its position in shares of VSE by 20.5% during the 4th quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company's stock valued at $101,904,000 after purchasing an additional 182,465 shares during the period. Franklin Resources Inc. raised its stake in shares of VSE by 121.6% in the 3rd quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company's stock worth $29,801,000 after buying an additional 178,435 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in VSE by 12.7% during the fourth quarter. Jennison Associates LLC now owns 928,617 shares of the construction company's stock valued at $88,311,000 after buying an additional 104,868 shares in the last quarter. Institutional investors own 91.54% of the company's stock.

VSE Trading Up 0.4 %

NASDAQ VSEC traded up $0.50 on Tuesday, hitting $112.39. 201,790 shares of the stock were exchanged, compared to its average volume of 202,635. The company's 50-day moving average price is $111.88 and its two-hundred day moving average price is $106.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. VSE Co. has a 52-week low of $73.36 and a 52-week high of $128.72. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 135.41 and a beta of 1.32.

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VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 earnings per share (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 firm had revenue of $299.02 million during the quarter, compared to the consensus estimate of $289.97 million. Research analysts predict that VSE Co. will post 2.96 EPS for the current year.

VSE Dividend Announcement

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 issued a dividend of $0.10 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. VSE's dividend payout ratio is currently 48.19%.

Analysts Set New Price Targets

VSEC has been the topic of several research reports. StockNews.com upgraded shares of VSE to a "sell" rating in a research report on Thursday, March 6th. Truist Financial raised their target price on shares of VSE from $129.00 to $134.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.