Rhumbline Advisers Lowers Stake in VSE Corporation $VSEC

Rhumbline Advisers lowered its holdings in shares of VSE Corporation (NASDAQ:VSEC) by 2.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 25,141 shares of the construction company’s stock after selling 586 shares during the period. Rhumbline Advisers owned about 0.12% of VSE worth $3,017,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in VSE by 56.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,422 shares of the construction company’s stock worth $6,050,000 after acquiring an additional 18,220 shares during the last quarter. Woodline Partners LP grew its holdings in VSE by 0.3% in the 1st quarter. Woodline Partners LP now owns 113,193 shares of the construction company’s stock worth $13,582,000 after acquiring an additional 353 shares during the last quarter. Axiom Investors LLC DE bought a new stake in VSE in the 1st quarter worth $8,915,000. Fred Alger Management LLC grew its holdings in VSE by 40.2% in the 1st quarter. Fred Alger Management LLC now owns 361,648 shares of the construction company’s stock worth $43,394,000 after acquiring an additional 103,712 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in VSE by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock worth $41,563,000 after acquiring an additional 32,489 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised their price target on shares of VSE from $150.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, VSE currently has an average rating of “Buy” and an average target price of $145.00.

VSE Trading Up 0.6%

Shares of NASDAQ VSEC opened at $165.48 on Tuesday. VSE Corporation has a 1 year low of $80.61 and a 1 year high of $169.78. The stock has a market cap of $3.42 billion, a P/E ratio of 147.75 and a beta of 1.37. The firm has a 50-day moving average of $151.70 and a 200 day moving average of $133.06. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.73 and a quick ratio of 1.44.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $267.39 million. During the same period last year, the company posted $0.47 EPS. VSE’s revenue was up 41.1% on a year-over-year basis. VSE has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that VSE Corporation will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

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

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.