T. Rowe Price Investment Management Inc. Buys 698,642 Shares of VSE Co. (NASDAQ:VSEC)

T. Rowe Price Investment Management Inc. raised its stake in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 52.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,026,164 shares of the construction company's stock after acquiring an additional 698,642 shares during the period. T. Rowe Price Investment Management Inc. owned about 9.93% of VSE worth $192,689,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors boosted its holdings in VSE by 16.8% during the fourth quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company's stock worth $170,616,000 after purchasing an additional 258,674 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of VSE by 20.5% in the fourth quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company's stock valued at $101,904,000 after acquiring an additional 182,465 shares in the last quarter. Jennison Associates LLC increased its position in shares of 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 acquiring an additional 104,868 shares during the last quarter. AltraVue Capital LLC lifted its holdings in VSE by 8.8% during the fourth quarter. AltraVue Capital LLC now owns 617,648 shares of the construction company's stock worth $58,738,000 after acquiring an additional 50,000 shares during the period. Finally, Geode Capital Management LLC boosted its position in VSE by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 418,638 shares of the construction company's stock worth $39,821,000 after purchasing an additional 35,919 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Truist Financial lowered their target price on VSE from $134.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. StockNews.com upgraded shares of VSE to a "sell" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

VSE Stock Performance

NASDAQ VSEC traded up $0.24 during trading on Friday, hitting $113.94. 165,666 shares of the company's stock traded hands, compared to its average volume of 211,359. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 137.28 and a beta of 1.32. 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 business has a 50 day moving average of $113.28 and a 200-day moving average of $107.81. VSE Co. has a 12-month low of $73.36 and a 12-month high of $128.72.

VSE (NASDAQ:VSEC - Get Free Report) last issued its earnings results on Wednesday, February 26th. The construction company reported $0.90 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 business had revenue of $299.02 million during the quarter, compared to the consensus estimate of $289.97 million. As a group, equities research analysts anticipate that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

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 issued a $0.10 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. VSE's payout ratio is currently 48.19%.

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.