VSE Corporation (NASDAQ:VSEC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in VSE Corporation (NASDAQ:VSEC) by 24.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,338 shares of the construction company’s stock after selling 4,377 shares during the period. Victory Capital Management Inc. owned about 0.06% of VSE worth $1,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in VSEC. Sterling Capital Management LLC increased its holdings in VSE by 857.1% in the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company’s stock valued at $45,000 after buying an additional 420 shares in the last quarter. Quantbot Technologies LP purchased a new position in VSE in the fourth quarter valued at about $47,000. Amalgamated Bank increased its holdings in VSE by 36.5% in the first quarter. Amalgamated Bank now owns 610 shares of the construction company’s stock valued at $73,000 after buying an additional 163 shares in the last quarter. KBC Group NV purchased a new position in VSE in the first quarter valued at about $99,000. Finally, Tower Research Capital LLC TRC increased its holdings in VSE by 21.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company’s stock valued at $138,000 after buying an additional 258 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on VSEC. B. Riley increased their target price on shares of VSE from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Royal Bank Of Canada raised their price objective on shares of VSE from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Finally, Truist Financial raised their price objective on shares of VSE from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Buying and Selling at VSE

In other VSE news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction on Friday, May 9th. The shares were sold at an average price of $129.38, for a total value of $371,191.22. Following the transaction, the director owned 3,837 shares in the company, valued at $496,431.06. This trade represents a 42.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by company insiders.

VSE Stock Up 2.2%

VSEC stock opened at $141.80 on Wednesday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 177.25 and a beta of 1.26. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.12 and a current ratio of 3.90. VSE Corporation has a one year low of $73.36 and a one year high of $142.28. The company has a 50 day moving average price of $131.53 and a two-hundred day moving average price of $118.87.

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

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, July 16th. This represents a $0.40 annualized dividend and a yield of 0.28%. VSE’s payout ratio is currently 50.00%.

VSE Company 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.