Truist Financial Corp purchased a new position in shares of VSE Co. (NASDAQ:VSEC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,860 shares of the construction company's stock, valued at approximately $557,000.
A number of other institutional investors have also modified their holdings of VSEC. Sanctuary Advisors LLC purchased a new stake in shares of VSE in the third quarter valued at about $155,000. KFA Private Wealth Group LLC acquired a new stake in shares of VSE in the fourth quarter worth $209,000. US Bancorp DE raised its position in VSE by 1,180.2% in the third quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock valued at $214,000 after purchasing an additional 2,384 shares during the period. BNP Paribas Financial Markets boosted its holdings in VSE by 4.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company's stock worth $274,000 after acquiring an additional 134 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in VSE during the 3rd quarter worth $394,000. Institutional investors and hedge funds own 91.54% of the company's stock.
VSE Stock Performance
Shares of NASDAQ:VSEC traded up $0.10 on Friday, hitting $115.73. 107,095 shares of the company were exchanged, compared to its average volume of 183,652. VSE Co. has a one year low of $73.11 and a one year high of $123.92. 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 firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 139.41 and a beta of 1.61. The company's 50 day moving average price is $101.79 and its two-hundred day moving average price is $100.39.
VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share 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 analysts' expectations of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. Research analysts expect that VSE Co. will post 2.96 earnings per share for the current year.
VSE Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. VSE's dividend payout ratio is 48.19%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of VSE to a "sell" rating in a research report on Thursday. Royal Bank of Canada increased their price objective on VSE from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. B. Riley lifted their target price on VSE from $120.00 to $132.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Truist Financial increased their price target on VSE from $129.00 to $134.00 and gave the stock a "buy" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, VSE has a consensus rating of "Moderate Buy" and an average price target of $118.67.
Get Our Latest Report on VSEC
VSE Profile
(
Free Report)
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.
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