VSE (NASDAQ:VSEC) Shares Down 4.6% – What’s Next?

VSE Co. (NASDAQ:VSEC) shares dropped 4.6% during trading on Thursday . The company traded as low as $96.63 and last traded at $96.23. Approximately 39,349 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 201,266 shares. The stock had previously closed at $100.90.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VSEC. Jefferies Financial Group increased their price target on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. StockNews.com upgraded VSE to a “sell” rating in a report on Wednesday. Truist Financial lowered their price target on VSE from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada lifted their target price on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, B. Riley upped their target price on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $117.83.

VSE Trading Down 7.8 %

The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average is $102.24 and its 200-day moving average is $98.15.

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, January 23rd.

Institutional Investors Weigh In On VSE

A number of large investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC boosted its holdings in VSE by 24.9% during the third quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock worth $18,544,000 after purchasing an additional 44,662 shares during the last quarter. Geode Capital Management LLC raised its position in VSE by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock worth $31,669,000 after purchasing an additional 42,637 shares during the period. Barclays PLC increased its position in shares of VSE by 711.2% in the third quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock valued at $3,374,000 after acquiring an additional 35,744 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in VSE by 14.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock worth $13,511,000 after acquiring an additional 20,114 shares in the last quarter. Finally, State Street Corp raised its holdings in VSE by 5.2% in the third quarter. State Street Corp now owns 323,830 shares of the construction company’s stock worth $26,790,000 after buying an additional 15,931 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.