Brokerages Set VSE Co. (NASDAQ:VSEC) PT at $118.50

Shares of VSE Co. (NASDAQ:VSEC) have earned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have covered the stock in the last year is $117.83.

Several equities analysts have issued reports on the stock. Royal Bank of Canada increased their price objective on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, December 6th. B. Riley raised their price target on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded VSE to a “sell” rating in a research note on Monday, December 9th. Jefferies Financial Group raised their target price on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Truist Financial dropped their price target on VSE from $133.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday.

VSE Stock Performance

NASDAQ VSEC opened at $101.78 on Tuesday. The stock has a 50-day moving average of $107.01 and a 200 day moving average of $96.13. 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 has a twelve month low of $57.10 and a twelve month high of $123.92.

VSE (NASDAQ:VSEC) last announced its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business had revenue of $273.61 million during the quarter, compared to the consensus estimate of $270.88 million. During the same period in the prior year, the company posted $0.92 EPS. As a group, equities research analysts expect that VSE will post 2.92 earnings per share for the current fiscal year.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 23rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.39%.

Hedge Funds Weigh In On VSE

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. raised its holdings in shares of VSE by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 127,946 shares of the construction company’s stock worth $12,168,000 after acquiring an additional 8,200 shares during the period. Park Avenue Securities LLC increased its position in VSE by 32.5% during the fourth quarter. Park Avenue Securities LLC now owns 5,060 shares of the construction company’s stock worth $481,000 after purchasing an additional 1,242 shares during the last quarter. JPMorgan Chase & Co. raised its stake in VSE by 17.7% during the third quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company’s stock worth $581,000 after purchasing an additional 1,058 shares during the period. Principal Financial Group Inc. boosted its holdings in VSE by 5.9% in the 3rd quarter. Principal Financial Group Inc. now owns 22,067 shares of the construction company’s stock valued at $1,826,000 after purchasing an additional 1,236 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its stake 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 valued at $18,544,000 after buying an additional 44,662 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.