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

VSE Co. (NASDAQ:VSEC) has earned a consensus rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have covered the stock in the last year is $118.50.

A number of brokerages have recently issued reports on VSEC. B. Riley increased their price target on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their price target on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Truist Financial upped their price target on VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. StockNews.com raised VSE to a “sell” rating in a report on Monday, December 9th. Finally, Jefferies Financial Group upped their target price on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $101.98 on Friday. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $109.58 and a 200 day moving average price of $94.47. VSE has a 52 week low of $57.10 and a 52 week high of $123.92. The company has a market cap of $2.08 billion, a P/E ratio of 22.71 and a beta of 1.57.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The firm had revenue of $273.61 million for the quarter, compared to the consensus estimate of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same period in the previous year, the business earned $0.92 earnings per share. Research analysts predict that VSE will post 2.92 earnings per share for the current year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 23rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Thursday, January 23rd. VSE’s payout ratio is currently 8.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of VSE in the second quarter valued at approximately $42,000. Sanctuary Advisors LLC acquired a new position in VSE in the 3rd quarter valued at $155,000. US Bancorp DE raised its holdings 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 last quarter. Archer Investment Corp purchased a new position in shares of VSE during the 2nd quarter worth $247,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of VSE by 4.2% during the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock worth $274,000 after purchasing an additional 134 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.