Park Avenue Securities LLC Makes New $221,000 Investment in VSE Co. (NASDAQ:VSEC)

Park Avenue Securities LLC purchased a new stake in shares of VSE Co. (NASDAQ:VSEC) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 2,768 shares of the construction company’s stock, valued at approximately $221,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bfsg LLC acquired a new stake in shares of VSE during the fourth quarter valued at about $41,000. AJOVista LLC acquired a new stake in VSE during the 4th quarter worth approximately $75,000. Simplex Trading LLC bought a new stake in VSE during the 4th quarter worth approximately $199,000. Arizona State Retirement System bought a new stake in VSE during the 4th quarter worth approximately $242,000. Finally, RIA Advisory Group LLC bought a new position in shares of VSE during the fourth quarter valued at $923,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Benchmark boosted their price objective on shares of VSE from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Stifel Nicolaus initiated coverage on VSE in a research note on Friday, June 28th. They issued a “buy” rating and a $101.00 price target for the company. Truist Financial raised their price objective on VSE from $86.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, B. Riley upped their target price on VSE from $91.00 to $101.00 and gave the company a “buy” rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat, VSE has a consensus rating of “Moderate Buy” and a consensus price target of $92.80.

VSE Price Performance

VSE stock opened at $87.93 on Wednesday. The stock’s 50 day moving average price is $81.30 and its two-hundred day moving average price is $73.72. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.99 and a current ratio of 3.33. VSE Co. has a 52-week low of $48.47 and a 52-week high of $91.73.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.12. VSE had a net margin of 2.56% and a return on equity of 8.85%. The business had revenue of $241.54 million during the quarter, compared to analysts’ expectations of $242.42 million. As a group, equities analysts forecast that VSE Co. will post 3.47 EPS for the current year.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Wednesday, July 17th.

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.