Vanguard Group Inc. Raises Stock Position in VSE Corporation $VSEC

Vanguard Group Inc. lifted its holdings in VSE Corporation (NASDAQ:VSEC) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,081,004 shares of the construction company’s stock after buying an additional 9,459 shares during the quarter. Vanguard Group Inc. owned approximately 5.23% of VSE worth $129,710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VSEC. T. Rowe Price Investment Management Inc. grew its position in shares of VSE by 52.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company’s stock worth $192,689,000 after buying an additional 698,642 shares during the period. Ameriprise Financial Inc. grew its position in shares of VSE by 63.4% in the 4th quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company’s stock worth $68,115,000 after buying an additional 277,971 shares during the period. Fred Alger Management LLC purchased a new stake in shares of VSE in the 4th quarter worth about $24,530,000. Durable Capital Partners LP grew its position in shares of VSE by 55.4% in the 4th quarter. Durable Capital Partners LP now owns 609,583 shares of the construction company’s stock worth $57,971,000 after buying an additional 217,439 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in shares of VSE in the 4th quarter worth about $15,695,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on VSEC shares. Royal Bank Of Canada upped their price target on shares of VSE from $150.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Truist Financial upped their target price 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 upped their target price 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $145.00.

VSE Price Performance

VSEC opened at $162.93 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.44 and a current ratio of 3.73. The stock has a market capitalization of $3.37 billion, a P/E ratio of 145.47 and a beta of 1.33. The company’s 50-day simple moving average is $140.76 and its two-hundred day simple moving average is $125.42. VSE Corporation has a 52-week low of $80.60 and a 52-week high of $166.85.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.28. VSE had a net margin of 1.94% and a return on equity of 7.25%. The business had revenue of $272.14 million for the quarter, compared to analysts’ expectations of $267.39 million. During the same quarter in the prior year, the business earned $0.47 EPS. The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. VSE has set its FY 2025 guidance at EPS. As a group, analysts predict that VSE Corporation will post 2.96 EPS for the current year.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. VSE’s dividend payout ratio is presently 35.71%.

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.