VSE (NASDAQ:VSEC) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of VSE (NASDAQ:VSEC) in a research report released on Friday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $101.00 price objective on the construction company’s stock.

Several other research firms also recently weighed in on VSEC. Truist Financial raised their price target on shares of VSE from $86.00 to $92.00 and gave the stock a buy rating in a research note on Friday, May 10th. B. Riley raised their price target on shares of VSE from $91.00 to $101.00 and gave the stock a buy rating in a research note on Friday, May 10th. Finally, Benchmark raised their price target on shares of VSE from $85.00 to $100.00 and gave the stock a buy rating in a research note on Friday, June 14th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $92.80.

VSE Stock Performance

VSEC opened at $88.28 on Friday. The company has a quick ratio of 0.99, a current ratio of 3.33 and a debt-to-equity ratio of 0.74. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 27.16 and a beta of 1.62. VSE has a 52-week low of $48.47 and a 52-week high of $91.73. The firm’s fifty day simple moving average is $80.92 and its two-hundred day simple moving average is $73.36.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.12. The firm had revenue of $241.54 million for the quarter, compared to the consensus estimate of $242.42 million. VSE had a net margin of 2.56% and a return on equity of 8.85%. Equities analysts anticipate that VSE will post 3.47 earnings per share for the current fiscal year.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Wednesday, July 17th.

Hedge Funds Weigh In On VSE

Institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of VSE by 8.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company’s stock valued at $500,000 after acquiring an additional 465 shares during the last quarter. Bfsg LLC purchased a new position in VSE in the fourth quarter worth approximately $41,000. Fisher Asset Management LLC lifted its stake in VSE by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 25,093 shares of the construction company’s stock worth $1,621,000 after acquiring an additional 710 shares during the last quarter. Principal Financial Group Inc. lifted its stake in VSE by 5.2% in the first quarter. Principal Financial Group Inc. now owns 20,916 shares of the construction company’s stock worth $1,673,000 after acquiring an additional 1,033 shares during the last quarter. Finally, AJOVista LLC purchased a new position in VSE in the fourth quarter worth approximately $75,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.