VSE Co. (NASDAQ:VSEC) Stake Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,715 shares of the construction company's stock after buying an additional 2,314 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of VSE worth $1,685,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in VSE by 5.9% in 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 period. Jennison Associates LLC boosted its holdings in VSE by 3.8% in the third quarter. Jennison Associates LLC now owns 823,749 shares of the construction company's stock worth $68,149,000 after purchasing an additional 29,811 shares during the period. Intech Investment Management LLC acquired a new position in VSE in the third quarter worth $394,000. Primecap Management Co. CA acquired a new position in VSE in the third quarter worth $11,016,000. Finally, Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 20,114 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Price Performance

VSE stock traded down $0.25 during midday trading on Friday, hitting $120.36. The company's stock had a trading volume of 350,660 shares, compared to its average volume of 188,849. 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 stock's 50-day moving average price is $106.94 and its 200-day moving average price is $102.42. VSE Co. has a 12 month low of $73.36 and a 12 month high of $123.97. The company has a market capitalization of $2.48 billion, a PE ratio of 145.01 and a beta of 1.62.

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VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly 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 net margin of 1.36% and a return on equity of 7.26%. The firm had revenue of $299.02 million for the quarter, compared to analysts' expectations of $289.97 million. 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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Thursday, May 1st. VSE's dividend payout ratio (DPR) is presently 48.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Truist Financial raised their target price on VSE from $129.00 to $134.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Royal Bank of Canada raised their target price on VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Finally, StockNews.com upgraded VSE to a "sell" rating in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat, VSE currently has a consensus rating of "Moderate Buy" and an average target price 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.