VSE Co. (NASDAQ:VSEC) Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA lifted its stake in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 147,270 shares of the construction company's stock after acquiring an additional 14,118 shares during the period. Primecap Management Co. CA owned 0.72% of VSE worth $14,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of VSEC. Principal Financial Group Inc. increased its position in VSE by 5.9% during the third quarter. Principal Financial Group Inc. now owns 22,067 shares of the construction company's stock worth $1,826,000 after purchasing an additional 1,236 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of VSE by 30.5% in the 3rd quarter. Victory Capital Management Inc. now owns 15,401 shares of the construction company's stock valued at $1,274,000 after buying an additional 3,601 shares during the period. Jennison Associates LLC increased its holdings in shares of VSE by 3.8% during the 3rd quarter. Jennison Associates LLC now owns 823,749 shares of the construction company's stock worth $68,149,000 after buying an additional 29,811 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of VSE during the 3rd quarter valued at approximately $394,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in VSE by 14.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company's stock valued at $13,511,000 after acquiring an additional 20,114 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

Remove Ads

VSE Trading Up 4.4 %

Shares of NASDAQ VSEC traded up $5.26 during trading on Monday, reaching $125.62. The stock had a trading volume of 251,464 shares, compared to its average volume of 189,605. The business's 50-day moving average price is $106.94 and its 200-day moving average price is $102.64. VSE Co. has a fifty-two week low of $73.36 and a fifty-two week high of $126.02. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The company has a market cap of $2.59 billion, a P/E ratio of 151.35 and a beta of 1.62.

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

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given 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 0.32%. VSE's dividend payout ratio is presently 48.19%.

Analyst Ratings Changes

Several research firms have issued reports on VSEC. Truist Financial raised their target price on VSE from $129.00 to $134.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Royal Bank of Canada raised their price objective on VSE from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Finally, StockNews.com raised shares of VSE to a "sell" rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.67.

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.