VSE Co. (NASDAQ:VSEC) Receives $99.83 Average Price Target from Brokerages

VSE Co. (NASDAQ:VSEC) has received a consensus recommendation of “Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $99.83.

VSEC has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on VSE in a report on Wednesday, August 14th. They issued a “buy” rating and a $100.00 target price for the company. Stifel Nicolaus initiated coverage on VSE in a report on Friday, June 28th. They issued a “buy” rating and a $101.00 target price for the company. Truist Financial increased their target price on VSE from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Benchmark reissued a “buy” rating and issued a $100.00 target price on shares of VSE in a report on Friday, August 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of VSE in a report on Thursday, August 1st.

Insider Buying and Selling

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total value of $1,404,999.00. Following the transaction, the insider now directly owns 463,284 shares in the company, valued at approximately $42,543,369.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VSEC. Charles Schwab Investment Management Inc. boosted its position in VSE by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 106,229 shares of the construction company’s stock valued at $6,863,000 after buying an additional 6,447 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in VSE by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 784,606 shares of the construction company’s stock valued at $50,694,000 after buying an additional 14,789 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of VSE in the 4th quarter worth $1,285,000. First Eagle Investment Management LLC boosted its position in shares of VSE by 2.3% in the 4th quarter. First Eagle Investment Management LLC now owns 126,372 shares of the construction company’s stock worth $8,165,000 after purchasing an additional 2,799 shares during the last quarter. Finally, Millrace Asset Group Inc. bought a new position in shares of VSE in the 4th quarter worth $1,560,000. 91.54% of the stock is currently owned by institutional investors.

VSE Trading Up 2.9 %

VSE stock opened at $87.91 on Wednesday. The business has a 50 day moving average price of $87.58 and a two-hundred day moving average price of $82.35. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 25.79 and a beta of 1.61. VSE has a 12 month low of $48.47 and a 12 month high of $94.10.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The firm had revenue of $265.96 million during the quarter, compared to analyst estimates of $256.60 million. VSE had a net margin of 1.21% and a return on equity of 7.87%. As a group, equities analysts forecast that VSE will post 3.06 EPS for the current year.

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%.

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.