Victory Capital Management Inc. Sells 3,200 Shares of VSE Co. (NASDAQ:VSEC)

Victory Capital Management Inc. lessened its holdings in VSE Co. (NASDAQ:VSEC) by 21.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,800 shares of the construction company’s stock after selling 3,200 shares during the period. Victory Capital Management Inc. owned about 0.07% of VSE worth $1,042,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in VSEC. Capital Research Global Investors purchased a new stake in shares of VSE in the first quarter worth approximately $81,623,000. Allspring Global Investments Holdings LLC bought a new stake in VSE during the second quarter worth $10,326,000. Hennessy Advisors Inc. purchased a new stake in VSE in the 2nd quarter valued at $9,388,000. Jennison Associates LLC lifted its stake in VSE by 13.2% during the 1st quarter. Jennison Associates LLC now owns 561,397 shares of the construction company’s stock valued at $44,912,000 after acquiring an additional 65,495 shares in the last quarter. Finally, Lisanti Capital Growth LLC purchased a new position in VSE during the 1st quarter worth $3,566,000. Institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

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

VSE Stock Down 2.0 %

VSE stock opened at $87.34 on Friday. The firm has a 50 day simple moving average of $87.50 and a 200 day simple moving average of $82.95. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55. VSE Co. has a 1-year low of $48.47 and a 1-year high of $94.10. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 26.94 and a beta of 1.61.

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

VSE Announces Dividend

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

Insider Activity

In related 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 transaction of $1,404,999.00. Following the sale, the insider now owns 463,284 shares of the company’s stock, valued at approximately $42,543,369.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.60% of the stock is owned by company insiders.

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.