J. Goldman & Co LP Makes New Investment in VSE Co. (NASDAQ:VSEC)

J. Goldman & Co LP bought a new position in VSE Co. (NASDAQ:VSEC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 34,845 shares of the construction company’s stock, valued at approximately $3,314,000. J. Goldman & Co LP owned approximately 0.17% of VSE at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC increased its position in VSE by 711.2% during the third quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock valued at $3,374,000 after acquiring an additional 35,744 shares during the last quarter. SG Americas Securities LLC purchased a new stake in VSE during the fourth quarter valued at $493,000. JPMorgan Chase & Co. increased its position in VSE by 17.7% during the third quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company’s stock valued at $581,000 after acquiring an additional 1,058 shares during the last quarter. Legal & General Group Plc increased its position in VSE by 3.2% during the fourth quarter. Legal & General Group Plc now owns 15,955 shares of the construction company’s stock valued at $1,517,000 after acquiring an additional 490 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in VSE by 32.5% during the fourth quarter. Park Avenue Securities LLC now owns 5,060 shares of the construction company’s stock valued at $481,000 after acquiring an additional 1,242 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

VSE Stock Performance

Shares of VSEC opened at $129.14 on Monday. 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 business has a 50-day simple moving average of $116.04 and a two-hundred day simple moving average of $109.47. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 161.43 and a beta of 1.34. VSE Co. has a 52 week low of $73.36 and a 52 week high of $134.00.

VSE (NASDAQ:VSEC) last released its earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.23. VSE had a return on equity of 7.26% and a net margin of 1.36%. The firm had revenue of $256.05 million during the quarter, compared to analysts’ expectations of $248.20 million. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue was up 57.6% on a year-over-year basis. On average, analysts expect that VSE Co. will post 2.96 EPS for the current year.

VSE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE’s dividend payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VSEC shares. Truist Financial upped their price objective on VSE from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada upped their price objective on VSE from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday. StockNews.com upgraded VSE to a “sell” rating in a research report on Thursday, March 6th. Finally, B. Riley upped their price target on VSE from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat.com, VSE currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.17.

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.