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

VSE Co. (NASDAQ:VSEC) has been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $118.50.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VSEC. Sanctuary Advisors LLC purchased a new stake in shares of VSE in the third quarter worth about $155,000. US Bancorp DE increased its stake in VSE by 1,180.2% in the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after acquiring an additional 2,384 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of VSE by 4.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock worth $274,000 after acquiring an additional 134 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of VSE by 13.8% during the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after acquiring an additional 464 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of VSE in the third quarter valued at $394,000. Institutional investors own 91.54% of the company’s stock.

VSE Price Performance

Shares of VSEC opened at $94.08 on Tuesday. The firm has a fifty day simple moving average of $107.97 and a two-hundred day simple moving average of $95.96. The firm has a market cap of $1.92 billion, a PE ratio of 20.95 and a beta of 1.62. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. VSE has a 1-year low of $57.10 and a 1-year high of $123.92.

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

VSE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 23rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. VSE’s dividend payout ratio is 8.91%.

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.