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

Shares of VSE Co. (NASDAQ:VSEC) have earned an average recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $117.83.

Several research analysts recently weighed in on VSEC shares. Jefferies Financial Group increased their target price on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Truist Financial reduced their price objective on VSE from $133.00 to $129.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada increased their target price on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. B. Riley lifted their price target on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com raised shares of VSE to a “sell” rating in a research report on Monday, December 9th.

Institutional Trading of VSE

Several large investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its holdings in VSE by 4.2% in the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after purchasing an additional 134 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of VSE by 6.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company’s stock valued at $463,000 after buying an additional 320 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of VSE by 13.8% during the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock worth $316,000 after buying an additional 464 shares in the last quarter. Arizona State Retirement System increased its stake in shares of VSE by 22.9% in the second quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock worth $399,000 after buying an additional 842 shares during the last quarter. Finally, Millrace Asset Group Inc. raised its holdings in VSE by 4.3% in the third quarter. Millrace Asset Group Inc. now owns 23,364 shares of the construction company’s stock valued at $1,933,000 after acquiring an additional 956 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Stock Up 1.6 %

Shares of NASDAQ:VSEC opened at $103.38 on Tuesday. VSE has a 12-month low of $57.45 and a 12-month high of $123.92. The stock’s 50-day moving average price is $106.37 and its two-hundred day moving average price is $96.48. 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 released its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The firm had revenue of $273.61 million during the quarter, compared to the consensus estimate of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same period in the previous year, the firm earned $0.92 earnings per share. As a group, equities analysts expect that VSE will post 2.92 EPS for the current fiscal year.

VSE Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%.

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.