Analysts Set VSE Co. (NASDAQ:VSEC) Target Price at $118.67

VSE Co. (NASDAQ:VSEC) has earned an average recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $118.67.

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

VSE Stock Up 1.5 %

Shares of VSEC stock opened at $121.83 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. VSE has a one year low of $73.36 and a one year high of $128.72. The company’s fifty day moving average price is $109.97 and its 200-day moving average price is $104.48. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 146.78 and a beta of 1.62.

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

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. VSE’s payout ratio is currently 48.19%.

Institutional Trading of VSE

Several hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC bought a new stake in VSE during the fourth quarter worth approximately $226,000. Castleark Management LLC bought a new position in shares of VSE during the 4th quarter valued at approximately $7,245,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of VSE by 53.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,202 shares of the construction company’s stock valued at $3,062,000 after purchasing an additional 11,153 shares during the last quarter. Woodline Partners LP raised its holdings in VSE by 148.6% during the 4th quarter. Woodline Partners LP now owns 112,840 shares of the construction company’s stock valued at $10,731,000 after buying an additional 67,452 shares during the period. Finally, Zimmer Partners LP bought a new stake in VSE in the fourth quarter worth $3,328,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.