VSE Co. (NASDAQ:VSEC) Receives Consensus Recommendation of “Buy” from Analysts

VSE Co. (NASDAQ:VSEC) has been assigned an average rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $118.50.

Several brokerages recently commented on VSEC. B. Riley upped their price target on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial upped their target price on VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group raised their price target on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. StockNews.com raised VSE to a “sell” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada lifted their target price on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th.

VSE Price Performance

NASDAQ:VSEC opened at $94.08 on Tuesday. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 20.95 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 business has a 50 day simple moving average of $107.97 and a 200-day simple moving average of $95.96. VSE has a 1 year low of $57.10 and a 1 year high of $123.92.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. VSE had a return on equity of 7.26% and a net margin of 1.36%. The company had revenue of $273.61 million during the quarter, compared to the consensus estimate of $270.88 million. During the same period last year, the company earned $0.92 earnings per share. Equities analysts forecast that VSE will post 2.92 EPS for the current year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, January 23rd. VSE’s dividend payout ratio is 8.91%.

Hedge Funds Weigh In On VSE

Several institutional investors have recently made changes to their positions in the company. AltraVue Capital LLC purchased a new stake in VSE in the second quarter worth about $48,343,000. Franklin Resources Inc. lifted its position in shares of VSE by 121.6% in the 3rd quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company’s stock worth $29,801,000 after purchasing an additional 178,435 shares during the period. Primecap Management Co. CA bought a new position in shares of VSE during the third quarter valued at approximately $11,016,000. Wasatch Advisors LP purchased a new position in VSE during the third quarter valued at approximately $8,437,000. Finally, Ghisallo Capital Management LLC bought a new position in VSE in the second quarter worth approximately $4,414,000. Hedge funds and other 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.