14,290 Shares in VSE Co. (NASDAQ:VSEC) Bought by RIA Advisory Group LLC

RIA Advisory Group LLC purchased a new position in shares of VSE Co. (NASDAQ:VSEC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,290 shares of the construction company’s stock, valued at approximately $923,000. RIA Advisory Group LLC owned approximately 0.09% of VSE at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC raised its stake in VSE by 26.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 123,573 shares of the construction company’s stock worth $6,233,000 after acquiring an additional 25,814 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in VSE by 25.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 99,782 shares of the construction company’s stock worth $5,033,000 after acquiring an additional 19,955 shares in the last quarter. Boston Partners raised its stake in VSE by 97.8% during the 3rd quarter. Boston Partners now owns 15,522 shares of the construction company’s stock worth $783,000 after acquiring an additional 7,674 shares in the last quarter. Jennison Associates LLC purchased a new position in VSE during the 3rd quarter worth $22,203,000. Finally, Janney Montgomery Scott LLC grew its position in VSE by 48.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 24,352 shares of the construction company’s stock worth $1,228,000 after purchasing an additional 7,985 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Stock Performance

Shares of NASDAQ:VSEC traded up $0.58 during midday trading on Friday, hitting $75.68. The stock had a trading volume of 69,714 shares, compared to its average volume of 88,938. The company has a market capitalization of $1.19 billion, a PE ratio of 31.53 and a beta of 1.67. The stock has a 50 day moving average price of $75.44 and a two-hundred day moving average price of $64.99. The company has a current ratio of 2.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. VSE Co. has a 1 year low of $41.17 and a 1 year high of $83.00.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Wednesday, May 1st. VSE’s payout ratio is 16.67%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on VSEC shares. StockNews.com downgraded shares of VSE from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Benchmark reissued a “buy” rating and set a $85.00 price objective on shares of VSE in a research report on Tuesday. Finally, Truist Financial raised their price objective on shares of VSE from $77.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, VSE currently has an average rating of “Moderate Buy” and a consensus target price of $78.25.

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.