Victory Capital Management Inc. Purchases 3,601 Shares of VSE Co. (NASDAQ:VSEC)

Victory Capital Management Inc. grew its holdings in VSE Co. (NASDAQ:VSEC) by 30.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,401 shares of the construction company’s stock after purchasing an additional 3,601 shares during the quarter. Victory Capital Management Inc.’s holdings in VSE were worth $1,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of VSE in the second quarter worth about $42,000. US Bancorp DE increased its stake in VSE by 1,180.2% during the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after purchasing an additional 2,384 shares in the last quarter. Archer Investment Corp acquired a new stake in VSE during the 2nd quarter worth approximately $247,000. Park Avenue Securities LLC lifted its stake in VSE by 13.8% in the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after buying an additional 464 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of VSE by 22.9% in the second quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock valued at $399,000 after buying an additional 842 shares during the period. 91.54% of the stock is owned by institutional investors.

VSE Stock Performance

VSE stock opened at $116.26 on Wednesday. The firm has a 50 day moving average price of $99.87 and a two-hundred day moving average price of $90.33. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. VSE Co. has a 52-week low of $57.10 and a 52-week high of $123.92.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.08. The firm had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same quarter in the prior year, the business earned $0.92 earnings per share. As a group, equities research analysts forecast that VSE Co. will post 2.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VSEC. Truist Financial lifted their price target on VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded VSE to a “sell” rating in a research note on Thursday, November 7th. B. Riley lifted their price objective on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Benchmark restated a “buy” rating and set a $100.00 target price on shares of VSE in a report on Friday, August 2nd. Finally, Jefferies Financial Group raised their target price on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $116.83.

Insider Transactions at VSE

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the completion of the sale, the insider now owns 463,284 shares in the company, valued at approximately $42,543,369.72. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 14.60% of the company’s stock.

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.