Victory Capital Management Inc. Raises Stake in VSE Co. (NASDAQ:VSEC)

Victory Capital Management Inc. lifted its position in shares of VSE Co. (NASDAQ:VSEC) by 15.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in VSE in the third quarter valued at approximately $155,000. KFA Private Wealth Group LLC purchased a new stake in VSE in the fourth quarter valued at approximately $209,000. BNP Paribas Financial Markets grew its holdings in VSE by 4.2% in the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after purchasing an additional 134 shares during the period. US Bancorp DE grew its holdings in VSE by 16.8% in the fourth quarter. US Bancorp DE now owns 3,021 shares of the construction company’s stock valued at $287,000 after purchasing an additional 435 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in VSE in the third quarter valued at approximately $394,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VSEC has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their target price on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Truist Financial lifted their price target on shares of VSE from $129.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Finally, StockNews.com raised shares of VSE to a “sell” rating in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.67.

VSE Trading Down 0.3 %

NASDAQ VSEC opened at $115.55 on Wednesday. The company’s fifty day simple moving average is $105.17 and its 200-day simple moving average is $101.97. VSE Co. has a 52 week low of $73.36 and a 52 week high of $123.97. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.38 billion, a P/E ratio of 139.22 and a beta of 1.62.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business had revenue of $299.02 million for the quarter, compared to analysts’ expectations of $289.97 million. Equities research analysts predict that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The business 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 annualized dividend and a yield of 0.35%. VSE’s dividend payout ratio is presently 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.