VSE Co. (NASDAQ:VSEC) Receives Consensus Rating of “Buy” from Brokerages

Shares of VSE Co. (NASDAQ:VSEC) have been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $99.83.

A number of analysts have commented on the stock. Truist Financial boosted their price target on shares of VSE from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 target price on shares of VSE in a report 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 price target for the company. Benchmark reissued a “buy” rating and issued a $100.00 price objective on shares of VSE in a research note on Friday, August 2nd. Finally, B. Riley lifted their target price on VSE from $91.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, May 10th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System purchased a new position in shares of VSE in the 4th quarter worth about $242,000. Calamos Advisors LLC purchased a new position in VSE in the fourth quarter valued at about $1,058,000. RIA Advisory Group LLC bought a new position in shares of VSE during the 4th quarter valued at approximately $923,000. Jennison Associates LLC increased its stake in shares of VSE by 12.7% during the 4th quarter. Jennison Associates LLC now owns 495,902 shares of the construction company’s stock worth $32,040,000 after purchasing an additional 55,714 shares during the last quarter. Finally, Bfsg LLC purchased a new position in VSE in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Price Performance

Shares of NASDAQ VSEC opened at $90.94 on Friday. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55. The firm’s 50-day moving average price is $87.01 and its 200-day moving average price is $80.48. The firm has a market capitalization of $1.45 billion, a P/E ratio of 19.68 and a beta of 1.59. VSE has a 1-year low of $48.47 and a 1-year high of $94.10.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results 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 firm had revenue of $265.96 million during the quarter, compared to the consensus estimate of $256.60 million. VSE had a return on equity of 7.87% and a net margin of 1.21%. Equities research analysts anticipate that VSE will post 3.17 earnings per share for the current fiscal year.

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Wednesday, November 6th. VSE’s payout ratio is 8.66%.

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.