Mutual of America Capital Management LLC Sells 10,791 Shares of VSE Co. (NASDAQ:VSEC)

Mutual of America Capital Management LLC reduced its position in VSE Co. (NASDAQ:VSEC) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,981 shares of the construction company’s stock after selling 10,791 shares during the quarter. Mutual of America Capital Management LLC’s holdings in VSE were worth $6,465,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VSEC. Allspring Global Investments Holdings LLC purchased a new position in shares of VSE during the 4th quarter valued at $24,018,000. Franklin Resources Inc. grew its position in VSE by 121.6% during the third quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company’s stock worth $29,801,000 after buying an additional 178,435 shares in the last quarter. Primecap Management Co. CA bought a new position in VSE in the 3rd quarter worth about $11,016,000. Jennison Associates LLC increased its stake in VSE by 12.7% in the 4th quarter. Jennison Associates LLC now owns 928,617 shares of the construction company’s stock worth $88,311,000 after acquiring an additional 104,868 shares during the last quarter. Finally, Wasatch Advisors LP purchased a new stake in shares of VSE in the 3rd quarter valued at about $8,437,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Stock Down 4.3 %

Shares of VSEC opened at $113.42 on Tuesday. The firm has a market cap of $2.32 billion, a P/E ratio of 136.65 and a beta of 1.61. VSE Co. has a 1 year low of $72.65 and a 1 year high of $123.92. The stock has a 50 day simple moving average of $100.39 and a two-hundred day simple moving average of $99.80. 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 released its earnings results on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.73 by $0.17. The company had revenue of $299.02 million for the quarter, compared to analyst estimates of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. On average, analysts forecast that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Thursday, January 23rd. VSE’s dividend payout ratio is 48.19%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Truist Financial cut their price target on shares of VSE from $133.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. B. Riley raised their price objective on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com raised shares of VSE to a “sell” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, VSE currently has a consensus rating of “Moderate Buy” and a consensus price target 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.