Silvercrest Asset Management Group LLC Makes New $3.07 Million Investment in VSE Co. (NASDAQ:VSEC)

Silvercrest Asset Management Group LLC purchased a new position in VSE Co. (NASDAQ:VSEC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 38,400 shares of the construction company’s stock, valued at approximately $3,072,000. Silvercrest Asset Management Group LLC owned 0.24% of VSE at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Millrace Asset Group Inc. bought a new position in VSE in the 4th quarter worth approximately $1,560,000. Russell Investments Group Ltd. boosted its stake in VSE by 11.9% in the 1st quarter. Russell Investments Group Ltd. now owns 90,252 shares of the construction company’s stock worth $7,220,000 after purchasing an additional 9,608 shares during the period. Lisanti Capital Growth LLC bought a new position in VSE in the 1st quarter worth approximately $3,566,000. Jennison Associates LLC boosted its stake in VSE by 13.2% in the 1st quarter. Jennison Associates LLC now owns 561,397 shares of the construction company’s stock worth $44,912,000 after purchasing an additional 65,495 shares during the period. Finally, Principal Financial Group Inc. bought a new position in VSE in the 4th quarter worth approximately $1,285,000. 91.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VSEC has been the subject of several recent analyst reports. B. Riley upped their price target on VSE from $91.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Truist Financial increased their target price on VSE from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Stifel Nicolaus initiated coverage on VSE in a research report on Friday, June 28th. They set a “buy” rating and a $101.00 target price for the company. Finally, Benchmark increased their target price on VSE from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, June 14th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, VSE currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.80.

VSE Price Performance

NASDAQ:VSEC traded down $2.78 during midday trading on Tuesday, hitting $87.17. 103,461 shares of the company traded hands, compared to its average volume of 127,793. The firm’s fifty day moving average is $85.34 and its 200-day moving average is $77.37. VSE Co. has a 12-month low of $48.47 and a 12-month high of $94.10. 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 (NASDAQ:VSEC) last released its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.12. VSE had a return on equity of 8.85% and a net margin of 2.56%. The company had revenue of $241.54 million for the quarter, compared to analyst estimates of $242.42 million. On average, analysts expect that VSE Co. will post 3.46 earnings per share for the current fiscal year.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 17th. This represents a $0.40 annualized dividend and a yield of 0.46%.

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.