Shares of VSE Corporation (NASDAQ:VSEC – Get Free Report) have received an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $239.1250.
A number of equities analysts recently weighed in on VSEC shares. Citigroup lowered their target price on shares of VSE from $261.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Truist Financial raised shares of VSE to a “strong-buy” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $268.00 target price on shares of VSE in a research note on Thursday, May 7th. Stifel Nicolaus lifted their target price on shares of VSE from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $245.00 target price on shares of VSE in a research note on Sunday, May 10th.
Check Out Our Latest Stock Analysis on VSE
VSE Trading Up 4.7%
VSE (NASDAQ:VSEC – Get Free Report) last announced its earnings results on Tuesday, May 5th. The construction company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.93 by $0.24. The company had revenue of $324.58 million for the quarter, compared to analysts’ expectations of $309.19 million. VSE had a net margin of 4.95% and a return on equity of 6.56%. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. Sell-side analysts forecast that VSE will post 4.3 earnings per share for the current year.
VSE Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th. VSE’s payout ratio is 16.88%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in VSE by 145.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after purchasing an additional 153 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of VSE by 17.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock valued at $381,000 after buying an additional 323 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of VSE by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock valued at $1,258,000 after buying an additional 470 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in VSE by 7.2% in the 1st quarter. Glenmede Trust Co. NA now owns 7,147 shares of the construction company’s stock worth $1,318,000 after purchasing an additional 478 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in VSE by 47.4% in the 4th quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock worth $968,000 after purchasing an additional 1,800 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.
VSE Company Profile
VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.
Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.
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