Primecap Management Co. CA Buys 14,118 Shares of VSE Co. (NASDAQ:VSEC)

Primecap Management Co. CA raised its position in shares of VSE Co. (NASDAQ:VSEC) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,270 shares of the construction company’s stock after acquiring an additional 14,118 shares during the period. Primecap Management Co. CA’s holdings in VSE were worth $14,005,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in shares of VSE during the 3rd quarter worth about $155,000. KFA Private Wealth Group LLC purchased a new position in shares of VSE during the fourth quarter valued at approximately $209,000. M&T Bank Corp bought a new position in shares of VSE during the fourth quarter valued at approximately $239,000. BNP Paribas Financial Markets lifted its stake in shares of VSE by 4.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock worth $274,000 after acquiring an additional 134 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of VSE by 16.8% during the 4th quarter. US Bancorp DE now owns 3,021 shares of the construction company’s stock worth $287,000 after acquiring an additional 435 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Trading Up 4.5 %

NASDAQ VSEC opened at $120.76 on Thursday. VSE Co. has a one year low of $73.36 and a one year high of $123.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 145.49 and a beta of 1.62. The company’s 50-day simple moving average is $105.78 and its two-hundred day simple moving average is $102.11.

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

VSE Dividend Announcement

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

Analyst Upgrades and Downgrades

VSEC has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their target price on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Truist Financial lifted their price objective on shares of VSE from $129.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Finally, StockNews.com raised shares of VSE to a “sell” rating in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.67.

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.