VSE Co. (NASDAQ:VSEC) Receives $99.83 Consensus Price Target from Brokerages

Shares of VSE Co. (NASDAQ:VSEC) have been given a consensus recommendation of “Buy” by the six brokerages that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have covered the stock in the last year is $99.83.

A number of research firms have issued reports on VSEC. B. Riley raised their target price on VSE from $91.00 to $101.00 and gave the company a “buy” rating in a report on Friday, May 10th. Truist Financial boosted their target price on shares of VSE from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Benchmark reissued a “buy” rating and issued a $100.00 price target on shares of VSE in a report on Friday, August 2nd. Jefferies Financial Group began coverage on shares of VSE in a report on Wednesday, August 14th. They set a “buy” rating and a $100.00 price objective on the stock. Finally, Stifel Nicolaus assumed coverage on shares of VSE in a research note on Friday, June 28th. They issued a “buy” rating and a $101.00 target price for the company.

VSE Stock Up 0.7 %

Shares of NASDAQ:VSEC opened at $87.64 on Friday. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55. The stock’s 50-day moving average is $86.68 and its 200-day moving average is $80.20. VSE has a 52-week low of $48.47 and a 52-week high of $94.10.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSEC. The Manufacturers Life Insurance Company raised its holdings in shares of VSE by 6.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company’s stock worth $463,000 after buying an additional 320 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in VSE by 8.0% in 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 period. Innealta Capital LLC bought a new position in shares of VSE during the second quarter valued at $42,000. Bfsg LLC acquired a new stake in shares of VSE in the 4th quarter valued at $41,000. Finally, Fisher Asset Management LLC boosted its stake in shares of VSE by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 25,093 shares of the construction company’s stock valued at $1,621,000 after purchasing an additional 710 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.