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

Mutual of America Capital Management LLC decreased its holdings in shares of VSE Co. (NASDAQ:VSEC) by 13.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,981 shares of the construction company’s stock after selling 10,791 shares during the period. Mutual of America Capital Management LLC owned approximately 0.33% of VSE worth $6,465,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Lord Abbett & CO. LLC raised its holdings in shares of VSE by 24.9% in the 3rd 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 last quarter. Geode Capital Management LLC raised its stake 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 worth $31,669,000 after purchasing an additional 42,637 shares during the last quarter. Barclays PLC lifted its holdings in shares of VSE by 711.2% in the third quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock valued at $3,374,000 after purchasing an additional 35,744 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of VSE by 14.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock valued at $13,511,000 after buying an additional 20,114 shares during the last quarter. Finally, State Street Corp grew its holdings in VSE by 5.2% during the third quarter. State Street Corp now owns 323,830 shares of the construction company’s stock worth $26,790,000 after buying an additional 15,931 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

VSE Trading Down 4.3 %

Shares of VSEC opened at $113.42 on Tuesday. VSE Co. has a fifty-two week low of $72.65 and a fifty-two week high of $123.92. The business has a 50-day moving average of $100.39 and a 200 day moving average of $99.80. The firm has a market cap of $2.32 billion, a P/E ratio of 136.65 and a beta of 1.61. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. VSE had a net margin of 1.36% and a return on equity of 7.26%. The firm had revenue of $299.02 million during the quarter, compared to the consensus estimate of $289.97 million. As a group, research analysts forecast that VSE Co. will post 2.96 EPS for the current year.

VSE Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VSEC. Truist Financial dropped their price objective on VSE from $133.00 to $129.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. B. Riley boosted their price target on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of VSE to a “sell” rating in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada lifted their target price 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 equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.83.

VSE 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.