Hennessy Advisors Inc. Boosts Position in VSE Co. (NASDAQ:VSEC)

Hennessy Advisors Inc. grew its stake in VSE Co. (NASDAQ:VSEC) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,946 shares of the construction company’s stock after acquiring an additional 8,200 shares during the period. Hennessy Advisors Inc. owned 0.63% of VSE worth $12,168,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lord Abbett & CO. LLC grew its stake in VSE by 24.9% in the third quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock worth $18,544,000 after purchasing an additional 44,662 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of VSE by 12.5% in the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock valued at $31,669,000 after acquiring an additional 42,637 shares in the last quarter. Barclays PLC lifted its stake in VSE by 711.2% in the third quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock worth $3,374,000 after acquiring an additional 35,744 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in VSE by 14.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock worth $13,511,000 after acquiring an additional 20,114 shares during the period. Finally, State Street Corp grew its holdings in VSE by 5.2% during the 3rd quarter. State Street Corp now owns 323,830 shares of the construction company’s stock worth $26,790,000 after acquiring an additional 15,931 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on VSEC shares. Truist Financial reduced their price target on shares of VSE from $133.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday. StockNews.com upgraded VSE to a “sell” rating in a report on Monday, December 9th. Jefferies Financial Group upped their price objective on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. B. Riley raised their price objective on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their target price on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $117.83.

VSE Trading Up 1.3 %

VSE stock opened at $101.78 on Friday. VSE Co. has a 1-year low of $57.10 and a 1-year high of $123.92. The business has a fifty day moving average price of $107.01 and a 200-day moving average price of $96.13. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business had revenue of $273.61 million during the quarter, compared to the consensus estimate of $270.88 million. During the same quarter last year, the company earned $0.92 earnings per share. As a group, equities analysts anticipate that VSE Co. will post 2.92 EPS for the current year.

VSE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date is Thursday, January 23rd.

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.