Precision Wealth Strategies LLC Buys New Shares in VSE Co. (NASDAQ:VSEC)

Precision Wealth Strategies LLC bought a new stake in VSE Co. (NASDAQ:VSEC) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,497 shares of the construction company’s stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bfsg LLC bought a new position in VSE during the fourth quarter worth $41,000. Fisher Asset Management LLC boosted its position in VSE by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 25,093 shares of the construction company’s stock worth $1,621,000 after purchasing an additional 710 shares during the period. Principal Financial Group Inc. boosted its position in VSE by 5.2% during the first quarter. Principal Financial Group Inc. now owns 20,916 shares of the construction company’s stock worth $1,673,000 after purchasing an additional 1,033 shares during the period. AJOVista LLC bought a new position in VSE during the fourth quarter worth $75,000. Finally, Park Avenue Securities LLC bought a new position in VSE during the first quarter worth $221,000. 91.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VSEC shares. Truist Financial lifted their target price on VSE from $86.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, May 10th. B. Riley lifted their target price on VSE from $91.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Stifel Nicolaus started coverage on VSE in a report on Friday, June 28th. They set a “buy” rating and a $101.00 target price for the company. Finally, Benchmark lifted their target price on VSE from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, June 14th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.80.

VSE Price Performance

NASDAQ VSEC traded up $1.10 during trading on Friday, hitting $89.30. 149,722 shares of the company’s stock were exchanged, compared to its average volume of 158,054. The company has a current ratio of 3.33, a quick ratio of 0.99 and a debt-to-equity ratio of 0.74. The company has a market cap of $1.43 billion, a PE ratio of 27.14 and a beta of 1.59. VSE Co. has a fifty-two week low of $48.47 and a fifty-two week high of $91.73. The stock’s 50 day moving average price is $81.99 and its two-hundred day moving average price is $74.11.

VSE (NASDAQ:VSEC) last issued its earnings results on Wednesday, May 8th. The construction company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.75 by $0.12. The firm had revenue of $241.54 million during the quarter, compared to the consensus estimate of $242.42 million. VSE had a return on equity of 8.85% and a net margin of 2.56%. Research analysts expect that VSE Co. will post 3.47 EPS for the current year.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Wednesday, July 17th.

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.