Brokerages Set VSE Co. (NASDAQ:VSEC) Price Target at $125.17

Shares of VSE Co. (NASDAQ:VSEC) have been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $125.17.

Several equities analysts have weighed in on VSEC shares. B. Riley raised their target price on shares of VSE from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, May 8th. StockNews.com upgraded shares of VSE to a “sell” rating in a research report on Thursday, March 6th. Royal Bank of Canada lifted their price objective on VSE from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Finally, Truist Financial increased their target price on VSE from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, May 8th.

Insider Transactions at VSE

In related news, Director Anita D. Britt sold 2,869 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $129.38, for a total transaction of $371,191.22. Following the transaction, the director now owns 3,837 shares of the company’s stock, valued at approximately $496,431.06. This represents a 42.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

Institutional Trading of VSE

Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of VSE by 711.2% during the 3rd quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock worth $3,374,000 after purchasing an additional 35,744 shares during the period. SG Americas Securities LLC purchased a new stake in shares of VSE in the fourth quarter valued at $493,000. Legal & General Group Plc increased its stake in VSE by 3.2% in the fourth quarter. Legal & General Group Plc now owns 15,955 shares of the construction company’s stock valued at $1,517,000 after purchasing an additional 490 shares during the last quarter. JPMorgan Chase & Co. increased its stake in VSE by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company’s stock valued at $581,000 after purchasing an additional 1,058 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its position in VSE by 32.5% during the fourth quarter. Park Avenue Securities LLC now owns 5,060 shares of the construction company’s stock worth $481,000 after buying an additional 1,242 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Stock Performance

NASDAQ VSEC opened at $129.25 on Monday. The business has a 50 day moving average price of $118.58 and a 200 day moving average price of $110.90. The company has a market capitalization of $2.67 billion, a P/E ratio of 161.56 and a beta of 1.34. VSE has a 1-year low of $73.36 and a 1-year high of $139.51. 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 (NASDAQ:VSEC) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.23. The business had revenue of $256.05 million during the quarter, compared to analysts’ expectations of $248.20 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business’s revenue for the quarter was up 57.6% on a year-over-year basis. During the same quarter last year, the business posted $0.45 earnings per share. Sell-side analysts expect that VSE will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. VSE’s dividend payout ratio is currently 50.00%.

VSE Company Profile

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.