Shares of VSE Corporation (NASDAQ:VSEC – Get Free Report) have earned an average rating of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $239.1250.
Several research firms have recently issued reports on VSEC. Jefferies Financial Group reaffirmed a “buy” rating and set a $245.00 price objective on shares of VSE in a research report on Sunday, May 10th. Weiss Ratings cut shares of VSE from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada lifted their price objective on shares of VSE from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Zacks Research cut shares of VSE from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Truist Financial raised shares of VSE to a “strong-buy” rating in a research report on Friday, May 1st.
Insiders Place Their Bets
Institutional Investors Weigh In On VSE
Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in VSE by 145.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after acquiring an additional 153 shares during the last quarter. AQR Capital Management LLC purchased a new stake in VSE in the first quarter valued at $247,000. Ellevest Inc. purchased a new stake in VSE in the fourth quarter valued at $323,000. Farther Finance Advisors LLC lifted its position in VSE by 17.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock valued at $381,000 after acquiring an additional 323 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in VSE by 47.4% in the fourth quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock valued at $968,000 after acquiring an additional 1,800 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.
VSE Price Performance
VSE stock opened at $208.17 on Thursday. The stock has a market cap of $5.84 billion, a P/E ratio of 87.84, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. The company has a fifty day simple moving average of $188.28 and a 200-day simple moving average of $192.40. VSE has a 12-month low of $123.69 and a 12-month high of $232.61. The company has a current ratio of 8.78, a quick ratio of 6.24 and a debt-to-equity ratio of 0.12.
VSE (NASDAQ:VSEC – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.24. The business had revenue of $324.58 million during 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 company’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS. Equities analysts expect that VSE will post 4.3 EPS for the current fiscal year.
VSE Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. VSE’s payout ratio is 16.88%.
About VSE
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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