Analysts Set VSE Co. (NASDAQ:VSEC) Target Price at $118.67

VSE Co. (NASDAQ:VSEC) has earned a consensus rating of “Buy” from the six analysts that are covering the stock, MarketBeat reports. Six investment 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 $118.67.

A number of research analysts have recently issued reports on VSEC shares. Royal Bank of Canada upped their price target on VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, December 6th. StockNews.com upgraded shares of VSE to a “sell” rating in a research note on Thursday, March 6th. Finally, Truist Financial lifted their price target on shares of VSE from $129.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th.

VSE Stock Up 1.5 %

NASDAQ:VSEC opened at $121.83 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The firm has a market cap of $2.52 billion, a P/E ratio of 146.78 and a beta of 1.62. VSE has a fifty-two week low of $73.36 and a fifty-two week high of $128.72. The firm has a 50-day simple moving average of $109.97 and a two-hundred day simple moving average of $104.48.

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

VSE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. VSE’s dividend payout ratio is currently 48.19%.

Hedge Funds Weigh In On VSE

Institutional investors have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. raised its position in VSE by 52.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company’s stock worth $192,689,000 after acquiring an additional 698,642 shares during the period. Neuberger Berman Group LLC purchased a new stake in shares of VSE in the 4th quarter worth $35,834,000. Artisan Partners Limited Partnership purchased a new position in VSE during the fourth quarter valued at $31,692,000. Ameriprise Financial Inc. lifted its position in VSE by 63.4% during the fourth quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company’s stock valued at $68,115,000 after purchasing an additional 277,971 shares in the last quarter. Finally, Capital Research Global Investors increased its position in VSE by 16.8% in the fourth quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company’s stock worth $170,616,000 after buying an additional 258,674 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

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.