Brokerages Set VSE Co. (NASDAQ:VSEC) PT at $118.50

Shares of VSE Co. (NASDAQ:VSEC) have earned an average recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $117.83.

Several research firms recently weighed in on VSEC. B. Riley lifted their target price on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group boosted their price objective on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th. StockNews.com upgraded VSE to a “sell” rating in a report on Monday, December 9th. Truist Financial dropped their target price on VSE from $133.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada raised their price objective 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.

VSE Stock Up 1.3 %

NASDAQ VSEC opened at $101.78 on Tuesday. VSE has a twelve month low of $57.10 and a twelve month high of $123.92. The stock has a fifty day simple moving average of $107.01 and a 200-day simple moving average of $96.13. 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 (NASDAQ:VSEC) last announced its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. The company had revenue of $273.61 million during the quarter, compared to analyst estimates of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same quarter last year, the firm posted $0.92 earnings per share. On average, sell-side analysts expect that VSE will post 2.92 earnings per share for the current year.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, January 23rd.

Hedge Funds Weigh In On VSE

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