Nuveen LLC Makes New $5.97 Million Investment in VSE Corporation $VSEC

Nuveen LLC purchased a new position in VSE Corporation (NASDAQ:VSEC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 49,733 shares of the construction company’s stock, valued at approximately $5,967,000. Nuveen LLC owned about 0.24% of VSE at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Aigen Investment Management LP purchased a new position in VSE in the first quarter worth $275,000. Swiss National Bank grew its holdings in VSE by 15.0% in the first quarter. Swiss National Bank now owns 37,578 shares of the construction company’s stock worth $4,509,000 after purchasing an additional 4,900 shares during the last quarter. CenterBook Partners LP purchased a new position in VSE in the first quarter worth $493,000. Charles Schwab Investment Management Inc. grew its holdings in shares of VSE by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 194,876 shares of the construction company’s stock valued at $23,383,000 after buying an additional 6,602 shares during the last quarter. Finally, Primecap Management Co. CA grew its holdings in shares of VSE by 14.9% during the first quarter. Primecap Management Co. CA now owns 169,165 shares of the construction company’s stock valued at $20,298,000 after buying an additional 21,895 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

VSE Price Performance

NASDAQ:VSEC opened at $165.17 on Tuesday. VSE Corporation has a one year low of $80.60 and a one year high of $169.00. 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 firm has a market cap of $3.42 billion, a price-to-earnings ratio of 147.47 and a beta of 1.33. The firm’s fifty day moving average is $141.97 and its two-hundred day moving average is $126.56.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Wednesday, July 30th. The construction company reported $0.97 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 company had revenue of $272.14 million for the quarter, compared to analyst estimates of $267.39 million. During the same period in the prior year, the company earned $0.47 earnings per share. The firm’s revenue was up 41.1% on a year-over-year basis. VSE has set its FY 2025 guidance at EPS. Research analysts expect 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. Shareholders of record on Wednesday, October 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. VSE’s dividend payout ratio is presently 35.71%.

Analyst Ratings Changes

VSEC has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their price objective on shares of VSE from $150.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Truist Financial boosted their price objective on shares of VSE from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, B. Riley boosted their price objective on shares of VSE from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $145.00.

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.