VSE Co. (NASDAQ:VSEC) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in shares of VSE Co. (NASDAQ:VSEC) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,067 shares of the construction company’s stock after purchasing an additional 1,236 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of VSE worth $1,826,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in shares of VSE during the 3rd quarter valued at approximately $155,000. US Bancorp DE lifted its position in shares of VSE by 1,180.2% in the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after buying an additional 2,384 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of VSE by 4.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after buying an additional 134 shares during the period. Park Avenue Securities LLC grew its position in shares of VSE by 13.8% during the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after buying an additional 464 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in VSE during the third quarter worth about $394,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Trading Up 0.8 %

Shares of NASDAQ:VSEC opened at $93.65 on Friday. VSE Co. has a twelve month low of $57.10 and a twelve month high of $123.92. The firm has a market cap of $1.91 billion, a P/E ratio of 20.86 and a beta of 1.62. The company has a 50 day moving average of $109.27 and a 200-day moving average of $95.65. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53.

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

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. VSE’s dividend payout ratio (DPR) is 8.91%.

Analysts Set New Price Targets

VSEC has been the topic of a number of research reports. Royal Bank of Canada increased their price target on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. StockNews.com raised VSE to a “sell” rating in a research report on Monday, December 9th. B. Riley boosted their price target on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial increased their price objective on shares of VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group boosted their target price on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from 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.