Teachers Retirement System of The State of Kentucky Buys Shares of 6,919 VSE Corporation $VSEC

Teachers Retirement System of The State of Kentucky purchased a new stake in VSE Corporation (NASDAQ:VSEC) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,919 shares of the construction company’s stock, valued at approximately $1,276,000.

Several other institutional investors and hedge funds have also modified their holdings of VSEC. EverSource Wealth Advisors LLC grew its position in VSE by 145.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after acquiring an additional 153 shares during the last quarter. AQR Capital Management LLC acquired a new position in VSE during the first quarter worth about $247,000. Ellevest Inc. bought a new position in shares of VSE in the fourth quarter worth about $323,000. Farther Finance Advisors LLC lifted its holdings in shares of VSE by 17.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock worth $381,000 after acquiring an additional 323 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of VSE by 47.4% in the 4th quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock valued at $968,000 after purchasing an additional 1,800 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on VSEC. Royal Bank Of Canada upped their price objective on shares of VSE from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Morgan Stanley set a $230.00 target price on shares of VSE in a research note on Wednesday. Truist Financial upgraded shares of VSE to a “strong-buy” rating in a report on Friday, May 1st. Jefferies Financial Group set a $260.00 price target on VSE in a research note on Tuesday, July 7th. Finally, Zacks Research raised VSE from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $239.78.

VSE Stock Performance

VSE stock opened at $203.95 on Thursday. The business has a 50 day moving average of $196.46 and a 200-day moving average of $199.05. The company has a market capitalization of $5.72 billion, a P/E ratio of 86.05, a P/E/G ratio of 2.33 and a beta of 1.21. VSE Corporation has a 1 year low of $125.00 and a 1 year high of $240.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 8.78 and a quick ratio of 6.24.

VSE (NASDAQ:VSEC) last posted its earnings results on Tuesday, May 5th. The construction company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.93 by $0.24. VSE had a net margin of 4.95% and a return on equity of 6.56%. The business had revenue of $324.58 million for the quarter, compared to the consensus estimate of $309.19 million. During the same period last year, the company earned $0.78 EPS. The firm’s revenue was up 26.8% compared to the same quarter last year. On average, equities research analysts predict that VSE Corporation will post 4.3 earnings per share for the current year.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. VSE’s dividend payout ratio (DPR) is presently 16.88%.

Insider Activity at VSE

In other news, COO Benjamin E. Thomas sold 6,500 shares of VSE stock in a transaction on Friday, June 12th. The shares were sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the transaction, the chief operating officer owned 42,839 shares in the company, valued at approximately $8,431,571.98. The trade was a 13.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

VSE Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.