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

Shares of VSE Co. (NASDAQ:VSEC) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $118.67.

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

Institutional Trading of VSE

A number of hedge funds have recently bought and sold shares of VSEC. Lord Abbett & CO. LLC increased its position in shares of VSE by 24.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock valued at $18,544,000 after purchasing an additional 44,662 shares during the last quarter. Geode Capital Management LLC grew its position in VSE by 12.5% during the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock valued at $31,669,000 after buying an additional 42,637 shares during the period. Barclays PLC increased its holdings in VSE by 711.2% during the third quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock worth $3,374,000 after buying an additional 35,744 shares during the last quarter. State Street Corp raised its position in VSE by 5.2% in the third quarter. State Street Corp now owns 323,830 shares of the construction company’s stock worth $26,790,000 after acquiring an additional 15,931 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in VSE by 14.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock valued at $13,511,000 after acquiring an additional 20,114 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

VSE Stock Performance

Shares of VSE stock opened at $116.63 on Friday. The business has a 50-day simple moving average of $109.29 and a 200 day simple moving average of $103.86. The firm has a market capitalization 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. VSE has a one year low of $73.36 and a one year high of $128.72.

VSE (NASDAQ:VSEC) last released 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 firm had revenue of $299.02 million during the quarter, compared to the consensus estimate of $289.97 million. On average, research analysts anticipate that VSE will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. VSE’s payout ratio is presently 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.