Rhumbline Advisers Buys 1,650 Shares of VSE Co. (NASDAQ:VSEC)

Rhumbline Advisers raised its stake in shares of VSE Co. (NASDAQ:VSEC) by 8.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 21,706 shares of the construction company’s stock after acquiring an additional 1,650 shares during the quarter. Rhumbline Advisers’ holdings in VSE were worth $1,916,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in shares of VSE during the 2nd quarter worth about $42,000. Park Avenue Securities LLC bought a new position in shares of VSE during the 1st quarter worth about $221,000. Caprock Group LLC bought a new position in shares of VSE during the 1st quarter worth about $241,000. Precision Wealth Strategies LLC bought a new position in shares of VSE during the 1st quarter worth about $280,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of VSE by 8.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company’s stock worth $500,000 after purchasing an additional 465 shares during the period. Institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on VSEC. Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of VSE in a research report on Thursday, August 1st. Benchmark reissued a “buy” rating and set a $100.00 price target on shares of VSE in a research note on Friday, August 2nd. Jefferies Financial Group started coverage on shares of VSE in a research note on Wednesday, August 14th. They issued a “buy” rating and a $100.00 target price for the company. Stifel Nicolaus began coverage on shares of VSE in a research report on Friday, June 28th. They set a “buy” rating and a $101.00 price objective for the company. Finally, Truist Financial increased their price target 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. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, VSE presently has an average rating of “Moderate Buy” and an average price target of $99.83.

VSE Price Performance

VSEC stock opened at $87.34 on Friday. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55. VSE Co. has a 12 month low of $48.47 and a 12 month high of $94.10. The firm has a market cap of $1.40 billion, a P/E ratio of 26.94 and a beta of 1.61. The company’s 50-day moving average price is $87.50 and its two-hundred day moving average price is $82.95.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, July 31st. The construction company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). VSE had a net margin of 1.21% and a return on equity of 7.87%. The firm had revenue of $265.96 million during the quarter, compared to the consensus estimate of $256.60 million. On average, analysts anticipate that VSE Co. will post 3.06 earnings per share for the current fiscal year.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%.

Insider Activity

In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $91.83, for a total value of $1,404,999.00. Following the sale, the insider now directly owns 463,284 shares in the company, valued at approximately $42,543,369.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 14.60% of the stock is currently owned by corporate insiders.

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.