Segall Bryant & Hamill LLC Purchases Shares of 88,734 VSE Co. (NASDAQ:VSEC)

Segall Bryant & Hamill LLC purchased a new stake in VSE Co. (NASDAQ:VSEC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 88,734 shares of the construction company’s stock, valued at approximately $8,439,000. Segall Bryant & Hamill LLC owned about 0.43% of VSE as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in VSE by 20.5% in the 4th quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company’s stock valued at $101,904,000 after buying an additional 182,465 shares during the last quarter. Jennison Associates LLC grew its stake in shares of VSE by 12.7% in the fourth quarter. Jennison Associates LLC now owns 928,617 shares of the construction company’s stock worth $88,311,000 after acquiring an additional 104,868 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of VSE by 12.5% in the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock worth $31,669,000 after acquiring an additional 42,637 shares during the last quarter. Franklin Resources Inc. raised its stake in VSE by 121.6% during the 3rd quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company’s stock valued at $29,801,000 after purchasing an additional 178,435 shares during the last quarter. Finally, State Street Corp boosted its holdings in VSE by 5.2% in the 3rd quarter. State Street Corp now owns 323,830 shares of the construction company’s stock valued at $26,790,000 after purchasing an additional 15,931 shares during the period. 91.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VSEC shares. Royal Bank of Canada boosted their price objective on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. StockNews.com raised VSE to a “sell” rating in a report on Thursday, March 6th. Finally, Truist Financial lifted their price objective on VSE from $129.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.67.

VSE Stock Down 1.8 %

NASDAQ VSEC opened at $123.07 on Thursday. VSE Co. has a 1-year low of $73.36 and a 1-year high of $128.72. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 148.28 and a beta of 1.62. The stock’s 50 day moving average is $108.61 and its two-hundred day moving average is $103.34. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. VSE had a return on equity of 7.26% and a net margin of 1.36%. The firm had revenue of $299.02 million for the quarter, compared to analysts’ expectations of $289.97 million. Equities analysts forecast that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. VSE’s dividend payout ratio (DPR) is presently 48.19%.

VSE Company 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.