VSE Co. (NASDAQ:VSEC) Shares Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. increased its holdings in VSE Co. (NASDAQ:VSEC) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,946 shares of the construction company’s stock after buying an additional 8,200 shares during the quarter. Hennessy Advisors Inc.’s holdings in VSE were worth $12,168,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Lord Abbett & CO. LLC increased its stake in shares of 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 acquiring an additional 44,662 shares during the period. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 42,637 shares during the last quarter. Barclays PLC grew its position in VSE by 711.2% during the 3rd quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock worth $3,374,000 after purchasing an additional 35,744 shares during the period. Charles Schwab Investment Management Inc. grew its position in VSE by 14.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock worth $13,511,000 after purchasing an additional 20,114 shares during the period. Finally, State Street Corp raised its stake in shares of VSE by 5.2% during the 3rd quarter. State Street Corp now owns 323,830 shares of the construction company’s stock valued at $26,790,000 after buying an additional 15,931 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

VSE Stock Up 1.3 %

VSEC opened at $101.78 on Friday. The firm’s fifty day simple moving average is $107.01 and its two-hundred day simple moving average is $96.13. VSE Co. has a 52-week low of $57.10 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.

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, beating analysts’ consensus estimates of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The firm had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. During the same period last year, the company posted $0.92 EPS. As a group, research analysts predict that VSE Co. will post 2.92 earnings per share for the current year.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors 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 dividend yield of 0.39%. The ex-dividend date is Thursday, January 23rd.

Wall Street Analysts Forecast Growth

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

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.