VSE Co. (NASDAQ:VSEC) Receives $118.67 Consensus Price Target from Brokerages

Shares of VSE Co. (NASDAQ:VSEC) have earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $118.67.

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted their price objective on VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Truist Financial boosted their target price on VSE from $129.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, StockNews.com upgraded VSE to a “sell” rating in a research note on Thursday.

Institutional Trading of VSE

Several large investors have recently added to or reduced their stakes in VSEC. US Bancorp DE increased its position in VSE by 1,180.2% in the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock valued at $214,000 after acquiring an additional 2,384 shares during the period. Wisconsin Capital Management LLC increased its position in VSE by 14.9% in the 3rd quarter. Wisconsin Capital Management LLC now owns 58,172 shares of the construction company’s stock valued at $4,813,000 after acquiring an additional 7,522 shares during the period. Principal Financial Group Inc. increased its position 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 acquiring an additional 1,236 shares during the period. Victory Capital Management Inc. increased its position in VSE by 30.5% in the 3rd quarter. Victory Capital Management Inc. now owns 15,401 shares of the construction company’s stock valued at $1,274,000 after acquiring an additional 3,601 shares during the period. Finally, Jennison Associates LLC increased its position in VSE by 3.8% in the 3rd quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock valued at $68,149,000 after acquiring an additional 29,811 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Trading Up 0.6 %

Shares of VSE stock opened at $116.32 on Wednesday. The firm has a market capitalization of $2.40 billion, a PE ratio of 140.14 and a beta of 1.62. VSE has a twelve month low of $73.36 and a twelve month high of $123.92. The firm’s 50-day moving average price is $101.79 and its 200 day moving average price is $100.39. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. The firm had revenue of $299.02 million during the quarter, compared to the consensus estimate of $289.97 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. On average, sell-side analysts predict that VSE will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.34%. The ex-dividend date is Thursday, May 1st. VSE’s dividend payout ratio is currently 48.19%.

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.