Price T Rowe Associates Inc. MD Boosts Stake in VSE Co. (NASDAQ:VSEC)

Price T Rowe Associates Inc. MD raised its position in VSE Co. (NASDAQ:VSEC) by 8.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,246 shares of the construction company’s stock after purchasing an additional 465 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in VSE were worth $500,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brant Point Investment Management LLC increased its position in VSE by 46.9% during the 1st quarter. Brant Point Investment Management LLC now owns 88,130 shares of the construction company’s stock worth $7,050,000 after purchasing an additional 28,130 shares in the last quarter. Capital Research Global Investors acquired a new stake in shares of VSE in the first quarter worth $81,623,000. Vanguard Group Inc. raised its stake in shares of VSE by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 724,681 shares of the construction company’s stock valued at $57,974,000 after acquiring an additional 12,407 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of VSE by 11.9% during the 1st quarter. Russell Investments Group Ltd. now owns 90,252 shares of the construction company’s stock valued at $7,220,000 after acquiring an additional 9,608 shares in the last quarter. Finally, Lisanti Capital Growth LLC purchased a new stake in VSE during the 1st quarter worth $3,566,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VSEC has been the topic of a number of recent research reports. B. Riley boosted their price objective on VSE from $91.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Stifel Nicolaus initiated coverage on VSE in a research report on Friday, June 28th. They set a “buy” rating and a $101.00 price target on the stock. Benchmark reaffirmed a “buy” rating and issued a $100.00 price objective on shares of VSE in a research report on Friday, August 2nd. Truist Financial upped their target price on shares of VSE from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price target on shares of VSE in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $99.80.

VSE Stock Performance

VSE stock opened at $83.58 on Wednesday. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average of $86.09 and a 200-day moving average of $79.22. The stock has a market cap of $1.54 billion, a P/E ratio of 18.13 and a beta of 1.59. VSE Co. has a 52 week low of $48.47 and a 52 week high of $94.10.

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Wednesday, November 6th. VSE’s dividend payout ratio is currently 8.68%.

About VSE

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.