RIA Advisory Group LLC Makes New $923,000 Investment in VSE Co. (NASDAQ:VSEC)

RIA Advisory Group LLC acquired a new position in VSE Co. (NASDAQ:VSEC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,290 shares of the construction company’s stock, valued at approximately $923,000.

A number of other large investors have also modified their holdings of the company. Jennison Associates LLC bought a new position in VSE in the 3rd quarter valued at about $22,203,000. FMR LLC boosted its position in shares of VSE by 18.1% during the 3rd quarter. FMR LLC now owns 2,283,203 shares of the construction company’s stock valued at $115,165,000 after purchasing an additional 350,313 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of VSE by 17.5% during the 3rd quarter. Vanguard Group Inc. now owns 695,222 shares of the construction company’s stock valued at $35,067,000 after purchasing an additional 103,586 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of VSE by 489.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 121,800 shares of the construction company’s stock valued at $6,144,000 after purchasing an additional 101,128 shares in the last quarter. Finally, Putnam Investments LLC bought a new position in shares of VSE during the 1st quarter valued at about $2,811,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Stock Up 0.8 %

Shares of NASDAQ VSEC traded up $0.58 during mid-day trading on Friday, reaching $75.68. The company had a trading volume of 69,714 shares, compared to its average volume of 88,938. The stock has a fifty day moving average of $75.44 and a two-hundred day moving average of $64.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 2.70. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 31.53 and a beta of 1.67. VSE Co. has a 12-month low of $41.17 and a 12-month high of $83.00.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Wednesday, May 1st. VSE’s dividend payout ratio (DPR) is 16.67%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VSEC. Truist Financial raised their price objective on shares of VSE from $77.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Benchmark reaffirmed a “buy” rating and set a $85.00 price objective on shares of VSE in a research note on Tuesday. Finally, StockNews.com lowered shares of VSE from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.25.

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.