VSE Co. (NASDAQ:VSEC) Given Average Rating of “Buy” by Analysts

Shares of VSE Co. (NASDAQ:VSEC) have received a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $118.67.

A number of analysts have recently commented on VSEC shares. Truist Financial lifted their price target on VSE from $129.00 to $134.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Royal Bank of Canada lifted their target price on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, StockNews.com upgraded shares of VSE to a “sell” rating in a research report on Thursday, March 6th.

Institutional Investors Weigh In On VSE

A number of institutional investors have recently modified their holdings of VSEC. Intech Investment Management LLC acquired a new position in VSE in the third quarter valued at $394,000. Charles Schwab Investment Management Inc. lifted its stake in shares of VSE by 14.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock valued at $13,511,000 after purchasing an additional 20,114 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of VSE by 43.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,557 shares of the construction company’s stock valued at $625,000 after purchasing an additional 2,307 shares in the last quarter. BNP Paribas Financial Markets grew its stake in VSE by 4.2% during the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock worth $274,000 after purchasing an additional 134 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in VSE by 17.2% in the third quarter. MetLife Investment Management LLC now owns 9,054 shares of the construction company’s stock worth $749,000 after purchasing an additional 1,330 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

VSE Price Performance

VSEC stock opened at $116.63 on Friday. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 140.52 and a beta of 1.62. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The company has a 50 day simple moving average of $109.29 and a 200 day simple moving average of $103.86. VSE has a 1 year low of $73.36 and a 1 year high of $128.72.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Research analysts anticipate that VSE will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.34%. VSE’s payout ratio is 48.19%.

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.