Segall Bryant & Hamill LLC Buys New Shares in VSE Co. (NASDAQ:VSEC)

Segall Bryant & Hamill LLC purchased a new position in shares of VSE Co. (NASDAQ:VSEC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 88,734 shares of the construction company's stock, valued at approximately $8,439,000. Segall Bryant & Hamill LLC owned approximately 0.43% of VSE as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in VSE by 4.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company's stock worth $274,000 after purchasing an additional 134 shares during the period. Corebridge Financial Inc. increased its holdings in shares of VSE by 3.0% in the 4th quarter. Corebridge Financial Inc. now owns 8,753 shares of the construction company's stock valued at $832,000 after purchasing an additional 258 shares in the last quarter. LPL Financial LLC lifted its stake in shares of VSE by 13.8% in the fourth quarter. LPL Financial LLC now owns 3,223 shares of the construction company's stock valued at $307,000 after purchasing an additional 391 shares during the period. US Bancorp DE boosted its holdings in VSE by 16.8% during the fourth quarter. US Bancorp DE now owns 3,021 shares of the construction company's stock worth $287,000 after buying an additional 435 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in VSE during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 91.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VSEC shares. Truist Financial boosted their price target 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 boosted their target price 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 upgraded VSE to a "sell" rating in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $118.67.

Remove Ads

VSE Price Performance

NASDAQ:VSEC traded up $3.36 during trading hours on Monday, reaching $119.99. 301,351 shares of the company traded hands, compared to its average volume of 194,740. VSE Co. has a 1-year low of $73.36 and a 1-year high of $128.72. The stock has a market cap of $2.48 billion, a P/E ratio of 144.57 and a beta of 1.62. The firm's 50-day moving average is $109.63 and its 200-day moving average is $104.24. 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 (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.17. The business had revenue of $299.02 million for the quarter, compared to analyst estimates of $289.97 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. Equities research analysts expect that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, May 1st. VSE's payout ratio is 48.19%.

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.