VSE Corporation (VSEC) to Issue Quarterly Dividend of $0.10 on January 29th

VSE Corporation (NASDAQ:VSEC) declared a quarterly dividend on Tuesday, November 18th. Stockholders of record on Thursday, January 15th will be paid a dividend of 0.10 per share by the construction company on Thursday, January 29th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, January 15th.

VSE has increased its dividend by an average of 0.0%per year over the last three years. VSE has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect VSE to earn $4.55 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 8.8%.

VSE Trading Up 3.9%

NASDAQ:VSEC opened at $169.39 on Thursday. The firm has a 50-day simple moving average of $168.59 and a 200-day simple moving average of $150.71. VSE has a one year low of $88.69 and a one year high of $186.00. The firm has a market cap of $3.90 billion, a P/E ratio of 249.11, a P/E/G ratio of 2.67 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 3.94.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Monday, October 27th. The construction company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. The firm had revenue of $282.91 million for the quarter, compared to the consensus estimate of $276.48 million. VSE had a net margin of 1.23% and a return on equity of 7.64%. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. VSE has set its FY 2025 guidance at EPS. Equities analysts anticipate that VSE will post 2.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in shares of VSE by 33.0% during the first quarter. Envestnet Asset Management Inc. now owns 18,738 shares of the construction company’s stock worth $2,248,000 after buying an additional 4,653 shares during the period. KLP Kapitalforvaltning AS raised its stake in VSE by 29.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 4,400 shares of the construction company’s stock worth $528,000 after acquiring an additional 1,000 shares during the last quarter. Legato Capital Management LLC lifted its position in VSE by 9.5% during the 1st quarter. Legato Capital Management LLC now owns 59,605 shares of the construction company’s stock worth $7,152,000 after acquiring an additional 5,175 shares during the period. Cetera Investment Advisers purchased a new stake in VSE during the 1st quarter valued at about $202,000. Finally, TD Asset Management Inc increased its holdings in shares of VSE by 35.9% in the first quarter. TD Asset Management Inc now owns 62,414 shares of the construction company’s stock valued at $7,489,000 after purchasing an additional 16,486 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Company 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.