VSE (NASDAQ:VSEC) Price Target Raised to $134.00

VSE (NASDAQ:VSEC) had its price target increased by Truist Financial from $129.00 to $134.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

A number of other analysts have also recently issued reports on VSEC. Royal Bank of Canada raised their price objective on VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. StockNews.com raised VSE to a “sell” rating in a report on Wednesday, February 12th. Finally, B. Riley upped their price objective on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.67.

VSE Price Performance

NASDAQ:VSEC opened at $115.63 on Tuesday. 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 firm has a fifty day simple moving average of $101.44 and a 200 day simple moving average of $100.29. VSE has a 1-year low of $73.11 and a 1-year high of $123.92. The stock has a market capitalization of $2.36 billion, a PE ratio of 139.31 and a beta of 1.61.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. VSE had a net margin of 1.36% and a return on equity of 7.26%. The company had revenue of $299.02 million during the quarter, compared to the consensus estimate of $289.97 million. On average, research analysts expect that VSE will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Thursday, May 1st. VSE’s dividend payout ratio is 48.19%.

Institutional Investors Weigh In On VSE

Institutional investors have recently modified their holdings of the business. US Bancorp DE boosted 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 purchasing an additional 2,384 shares during the period. Wisconsin Capital Management LLC boosted its stake in shares of VSE by 14.9% in the third quarter. Wisconsin Capital Management LLC now owns 58,172 shares of the construction company’s stock valued at $4,813,000 after buying an additional 7,522 shares during the period. Principal Financial Group Inc. grew its position in VSE by 5.9% during the third quarter. Principal Financial Group Inc. now owns 22,067 shares of the construction company’s stock worth $1,826,000 after buying an additional 1,236 shares in the last quarter. Victory Capital Management Inc. increased its stake in VSE by 30.5% during the 3rd quarter. Victory Capital Management Inc. now owns 15,401 shares of the construction company’s stock worth $1,274,000 after acquiring an additional 3,601 shares during the period. Finally, Jennison Associates LLC raised its holdings in VSE by 3.8% in the 3rd quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock valued at $68,149,000 after acquiring an additional 29,811 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

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.