Rhumbline Advisers Purchases 2,866 Shares of VSE Co. (NASDAQ:VSEC)

Rhumbline Advisers raised its stake in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,727 shares of the construction company's stock after purchasing an additional 2,866 shares during the period. Rhumbline Advisers owned 0.13% of VSE worth $2,447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VSEC. US Bancorp DE raised its holdings in VSE by 1,180.2% during the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock worth $214,000 after purchasing an additional 2,384 shares during the last quarter. Wisconsin Capital Management LLC raised its stake in VSE by 14.9% during the third quarter. Wisconsin Capital Management LLC now owns 58,172 shares of the construction company's stock worth $4,813,000 after buying an additional 7,522 shares during the last quarter. Principal Financial Group Inc. raised its stake in VSE by 5.9% during the third quarter. Principal Financial Group Inc. now owns 22,067 shares of the construction company's stock worth $1,826,000 after buying an additional 1,236 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in VSE by 30.5% in the third quarter. Victory Capital Management Inc. now owns 15,401 shares of the construction company's stock valued at $1,274,000 after buying an additional 3,601 shares during the period. Finally, Jennison Associates LLC boosted its position in VSE by 3.8% during the third quarter. Jennison Associates LLC now owns 823,749 shares of the construction company's stock valued at $68,149,000 after acquiring an additional 29,811 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Remove Ads

VSE Stock Down 2.1 %

Shares of NASDAQ:VSEC traded down $2.52 during midday trading on Thursday, hitting $115.63. 190,893 shares of the company's stock were exchanged, compared to its average volume of 183,944. 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 Co. has a 12 month low of $73.11 and a 12 month high of $123.92. The company has a market cap of $2.36 billion, a PE ratio of 139.31 and a beta of 1.61. The stock has a 50 day moving average price of $101.44 and a 200-day moving average price of $100.29.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.17. The firm had revenue of $299.02 million during 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%. On average, sell-side analysts anticipate that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders 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 yield of 0.35%. The ex-dividend date is Thursday, May 1st. VSE's dividend payout ratio (DPR) is presently 48.19%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VSEC. B. Riley boosted their price objective on VSE from $120.00 to $132.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price target on VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Truist Financial increased their price target on VSE from $129.00 to $134.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, StockNews.com upgraded shares of VSE to a "sell" rating in a research note on Thursday. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.