Arizona State Retirement System Purchases 842 Shares of VSE Co. (NASDAQ:VSEC)

Arizona State Retirement System raised its position in shares of VSE Co. (NASDAQ:VSEC) by 22.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,521 shares of the construction company’s stock after buying an additional 842 shares during the period. Arizona State Retirement System’s holdings in VSE were worth $399,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of VSE during the second quarter worth about $42,000. Park Avenue Securities LLC bought a new stake in shares of VSE in the 1st quarter worth approximately $221,000. Caprock Group LLC purchased a new position in shares of VSE during the first quarter valued at approximately $241,000. Archer Investment Corp purchased a new position in shares of VSE during the second quarter valued at approximately $247,000. Finally, Precision Wealth Strategies LLC purchased a new stake in VSE in the first quarter worth $280,000. Institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of VSE from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Benchmark reissued a “buy” rating and issued a $100.00 price target on shares of VSE in a research note on Friday, August 2nd. Jefferies Financial Group initiated coverage on VSE in a research report on Wednesday, August 14th. They set a “buy” rating and a $100.00 price objective on the stock. Stifel Nicolaus began coverage on VSE in a research report on Friday, June 28th. They issued a “buy” rating and a $101.00 target price for the company. Finally, Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of VSE in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $99.83.

Insider Buying and Selling at VSE

In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of the company’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 transaction, the insider now owns 463,284 shares in the company, valued at $42,543,369.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. 14.60% of the stock is owned by company insiders.

VSE Price Performance

VSEC stock opened at $87.57 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.17 and a current ratio of 3.53. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 26.28 and a beta of 1.61. The firm has a 50 day moving average price of $87.54 and a 200-day moving average price of $82.69. VSE Co. has a 52-week low of $48.47 and a 52-week high of $94.10.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). VSE had a net margin of 1.21% and a return on equity of 7.87%. The company had revenue of $265.96 million for the quarter, compared to analysts’ expectations of $256.60 million. Equities research analysts forecast that VSE Co. will post 3.06 EPS for the current fiscal year.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 6th.

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.