Teacher Retirement System of Texas Acquires New Holdings in VSE Corporation (NASDAQ:VSEC)

Teacher Retirement System of Texas purchased a new stake in VSE Corporation (NASDAQ:VSEC) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,808 shares of the construction company’s stock, valued at approximately $337,000.

A number of other institutional investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its holdings in VSE by 52.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company’s stock worth $192,689,000 after purchasing an additional 698,642 shares during the last quarter. Capital Research Global Investors boosted its holdings in VSE by 16.8% during the fourth quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company’s stock worth $170,616,000 after purchasing an additional 258,674 shares during the last quarter. Vanguard Group Inc. boosted its holdings in VSE by 20.5% during the fourth quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company’s stock worth $101,904,000 after purchasing an additional 182,465 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in VSE by 63.4% during the fourth quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company’s stock worth $68,115,000 after purchasing an additional 277,971 shares during the last quarter. Finally, AltraVue Capital LLC boosted its holdings in VSE by 8.8% during the fourth quarter. AltraVue Capital LLC now owns 617,648 shares of the construction company’s stock worth $58,738,000 after purchasing an additional 50,000 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $129.38, for a total transaction of $371,191.22. Following the sale, the director directly owned 3,837 shares of the company’s stock, valued at approximately $496,431.06. The trade was a 42.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 14.60% of the company’s stock.

VSE Stock Performance

NASDAQ VSEC opened at $131.40 on Friday. The company has a current ratio of 3.90, a quick ratio of 2.12 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 164.25 and a beta of 1.26. The firm’s 50 day simple moving average is $131.33 and its 200 day simple moving average is $116.80. VSE Corporation has a 1 year low of $73.36 and a 1 year high of $140.64.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.23. The company had revenue of $256.05 million for the quarter, compared to analyst estimates of $248.20 million. VSE had a net margin of 1.41% and a return on equity of 6.62%. The firm’s revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. As a group, research analysts expect that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Wednesday, July 16th. VSE’s dividend payout ratio (DPR) is presently 50.00%.

Analyst Upgrades and Downgrades

VSEC has been the subject of several recent research reports. Royal Bank Of Canada increased their target price on shares of VSE from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Truist Financial increased their price target on shares of VSE from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, B. Riley increased their price target on shares of VSE from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

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.