Wealthspire Advisors LLC Purchases 6,965 Shares of VSE Co. (NASDAQ:VSEC)

Wealthspire Advisors LLC grew its position in VSE Co. (NASDAQ:VSEC) by 106.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,490 shares of the construction company’s stock after purchasing an additional 6,965 shares during the quarter. Wealthspire Advisors LLC’s holdings in VSE were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of VSEC. Sanctuary Advisors LLC bought a new position in VSE in the 3rd quarter worth $155,000. KFA Private Wealth Group LLC purchased a new position in shares of VSE in the fourth quarter valued at about $209,000. US Bancorp DE boosted its stake in shares of VSE by 1,180.2% in the third quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after acquiring an additional 2,384 shares during the period. BNP Paribas Financial Markets grew its position in shares of VSE by 4.2% during the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock worth $274,000 after purchasing an additional 134 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in VSE during the 3rd quarter valued at approximately $394,000. 91.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com upgraded VSE to a “sell” rating in a research note on Wednesday, February 12th. Truist Financial dropped their target price on shares of VSE from $133.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada lifted their price target on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, B. Riley increased their price objective on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat.com, VSE currently has a consensus rating of “Moderate Buy” and an average price target of $117.83.

VSE Price Performance

VSE stock opened at $98.03 on Tuesday. VSE Co. has a 52-week low of $70.61 and a 52-week high of $123.92. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average is $99.89 and its 200 day moving average is $99.12. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 18.15 and a beta of 1.61.

VSE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, January 23rd. VSE’s dividend payout ratio is 7.41%.

VSE Company 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.