Truist Financial Corp Invests $557,000 in VSE Co. (NASDAQ:VSEC)

Truist Financial Corp bought a new position in shares of VSE Co. (NASDAQ:VSEC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,860 shares of the construction company’s stock, valued at approximately $557,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers increased its position in shares of VSE by 12.5% during the fourth quarter. Rhumbline Advisers now owns 25,727 shares of the construction company’s stock worth $2,447,000 after purchasing an additional 2,866 shares in the last quarter. Legato Capital Management LLC increased its position in shares of VSE by 5.1% during the fourth quarter. Legato Capital Management LLC now owns 54,430 shares of the construction company’s stock worth $5,176,000 after purchasing an additional 2,645 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of VSE during the fourth quarter worth about $24,018,000. Stephens Investment Management Group LLC increased its position in VSE by 7.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 182,673 shares of the construction company’s stock valued at $17,372,000 after acquiring an additional 12,592 shares during the period. Finally, Calamos Advisors LLC increased its position in VSE by 72.7% in the 4th quarter. Calamos Advisors LLC now owns 6,024 shares of the construction company’s stock valued at $573,000 after acquiring an additional 2,535 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. 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 report on Friday, December 6th. Truist Financial dropped their target price on VSE from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. B. Riley boosted their target price on VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded VSE to a “sell” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.83.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $113.42 on Tuesday. The business’s 50 day simple moving average is $100.39 and its 200-day simple moving average is $99.80. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 136.65 and a beta of 1.61. 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 $72.65 and a 12 month high of $123.92.

VSE (NASDAQ:VSEC) last announced 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. The business had revenue of $299.02 million for 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%. As a group, equities analysts forecast that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Thursday, January 23rd. VSE’s dividend payout ratio (DPR) is 48.19%.

About VSE

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.