Brokerages Set VSE Co. (NASDAQ:VSEC) Price Target at $118.50

VSE Co. (NASDAQ:VSEC) has been given an average rating of “Buy” by the six brokerages that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $118.50.

VSEC has been the topic of several research reports. Royal Bank of Canada raised their target price on VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Truist Financial raised their price objective on VSE from $115.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group upped their target price on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. StockNews.com raised shares of VSE to a “sell” rating in a research note on Monday, December 9th. Finally, B. Riley upped their price objective on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

VSE Price Performance

Shares of NASDAQ VSEC opened at $99.48 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The firm has a market cap of $2.03 billion, a PE ratio of 22.16 and a beta of 1.57. VSE has a one year low of $57.10 and a one year high of $123.92. The firm has a fifty day moving average of $110.08 and a 200 day moving average of $94.80.

VSE (NASDAQ:VSEC) last released its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $0.92 EPS. As a group, research analysts predict that VSE will post 2.92 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. VSE’s payout ratio is 8.91%.

Institutional Investors Weigh In On VSE

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC increased its stake in VSE by 24.9% during the third quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock worth $18,544,000 after acquiring an additional 44,662 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of VSE by 14.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock worth $13,511,000 after purchasing an additional 20,114 shares during the period. Intech Investment Management LLC acquired a new stake in shares of VSE during the 3rd quarter worth about $394,000. Wisconsin Capital Management LLC raised its holdings in VSE by 14.9% in the 3rd quarter. Wisconsin Capital Management LLC now owns 58,172 shares of the construction company’s stock valued at $4,813,000 after buying an additional 7,522 shares during the period. Finally, Jennison Associates LLC lifted its position in VSE by 3.8% in the third quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock valued at $68,149,000 after buying an additional 29,811 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.