VSE Co. (NASDAQ:VSEC) Shares Bought by State Street Corp

State Street Corp lifted its position in VSE Co. (NASDAQ:VSEC - Free Report) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,830 shares of the construction company's stock after acquiring an additional 15,931 shares during the quarter. State Street Corp owned 1.59% of VSE worth $26,790,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VSEC. AltraVue Capital LLC bought a new stake in VSE during the 2nd quarter valued at $48,343,000. Primecap Management Co. CA purchased a new position in VSE in the third quarter valued at about $11,016,000. Allspring Global Investments Holdings LLC bought a new position in VSE in the second quarter worth about $10,326,000. Wasatch Advisors LP purchased a new stake in shares of VSE during the third quarter valued at about $8,437,000. Finally, Ghisallo Capital Management LLC bought a new stake in shares of VSE in the 2nd quarter valued at about $4,414,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

VSE Stock Performance

Shares of VSE stock traded down $1.21 on Monday, reaching $98.27. 216,559 shares of the stock were exchanged, compared to its average volume of 156,284. VSE Co. has a twelve month low of $57.10 and a twelve month high of $123.92. The business has a 50 day moving average price of $110.21 and a two-hundred day moving average price of $94.91. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 21.89 and a beta of 1.57.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business had revenue of $273.61 million during the quarter, compared to analysts' expectations of $270.88 million. During the same period in the previous year, the business posted $0.92 EPS. Analysts anticipate that VSE Co. will post 2.92 earnings per share for the current fiscal year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. VSE's payout ratio is currently 8.91%.

Wall Street Analyst Weigh In

VSEC has been the subject of several recent analyst reports. Jefferies Financial Group boosted their price objective on shares of VSE from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their price objective on VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Truist Financial boosted their target price on VSE from $115.00 to $133.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. StockNews.com upgraded VSE to a "sell" rating in a research note on Monday, December 9th. 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 equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $118.50.

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.