VSE Co. (NASDAQ:VSEC) Receives Average Recommendation of “Buy” from Analysts

VSE Co. (NASDAQ:VSEC) has been given a consensus recommendation of “Buy” by the six ratings firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $99.83.

VSEC has been the subject of several recent research reports. Truist Financial lifted their price objective on VSE from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Jefferies Financial Group assumed coverage on VSE in a research note on Wednesday, August 14th. They set a “buy” rating and a $100.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and set a $100.00 target price on shares of VSE in a research note on Thursday, August 1st. Stifel Nicolaus assumed coverage on VSE in a research note on Friday, June 28th. They set a “buy” rating and a $101.00 target price for the company. Finally, Benchmark restated a “buy” rating and set a $100.00 target price on shares of VSE in a research note on Friday, August 2nd.

VSE Stock Performance

Shares of VSEC opened at $86.17 on Friday. The stock has a 50-day simple moving average of $86.09 and a 200-day simple moving average of $83.54. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.17 and a current ratio of 3.53. The stock has a market capitalization of $1.38 billion, a PE ratio of 25.46 and a beta of 1.60. VSE has a 1 year low of $51.95 and a 1 year high of $94.10.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). The company had revenue of $265.96 million during the quarter, compared to analysts’ expectations of $256.60 million. VSE had a net margin of 1.21% and a return on equity of 7.87%. On average, analysts predict that VSE will post 3.02 earnings per share for the current fiscal year.

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Wednesday, November 6th.

Insider Buying and Selling at VSE

In other VSE news, major shareholder Calvin Scott Koonce sold 9,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $89.90, for a total value of $836,070.00. Following the completion of the sale, the insider now owns 492,284 shares in the company, valued at approximately $44,256,331.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On VSE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VSEC. Innealta Capital LLC acquired a new position in shares of VSE in the second quarter valued at approximately $42,000. Park Avenue Securities LLC acquired a new position in shares of VSE in the first quarter valued at approximately $221,000. Caprock Group LLC acquired a new position in shares of VSE in the first quarter valued at approximately $241,000. Archer Investment Corp acquired a new position in shares of VSE in the second quarter valued at approximately $247,000. Finally, Precision Wealth Strategies LLC acquired a new position in shares of VSE in the first quarter valued at approximately $280,000. Hedge funds and other institutional investors 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.