VSE Co. (NASDAQ:VSEC) Receives $125.17 Average PT from Brokerages

Shares of VSE Co. (NASDAQ:VSEC - Get Free Report) have earned an average recommendation of "Buy" from the six research firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $125.17.

VSEC has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Wall Street Zen upgraded VSE to a "sell" rating in a report on Thursday, March 6th. Truist Financial lifted their target price on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, B. Riley increased their price target on VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, May 8th.

Insider Buying and Selling at VSE

In other VSE news, Director Anita D. Britt sold 2,869 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $129.38, for a total value of $371,191.22. Following the completion of the sale, the director now owns 3,837 shares of the company's stock, valued at approximately $496,431.06. This trade represents a 42.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 14.60% of the company's stock.

Hedge Funds Weigh In On VSE

Institutional investors have recently modified their holdings of the company. Legal & General Group Plc raised its holdings in VSE by 3.2% during the fourth quarter. Legal & General Group Plc now owns 15,955 shares of the construction company's stock worth $1,517,000 after buying an additional 490 shares during the last quarter. Truist Financial Corp bought a new stake in VSE during the 4th quarter worth approximately $557,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of VSE in the fourth quarter worth approximately $24,018,000. Deutsche Bank AG raised its holdings in shares of VSE by 76.2% in the fourth quarter. Deutsche Bank AG now owns 12,963 shares of the construction company's stock valued at $1,233,000 after purchasing an additional 5,608 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of VSE by 47.4% during the fourth quarter. Wells Fargo & Company MN now owns 12,982 shares of the construction company's stock valued at $1,235,000 after purchasing an additional 4,176 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

VSE Price Performance

Shares of NASDAQ:VSEC traded down $3.93 during trading on Friday, hitting $134.02. 198,148 shares of the company were exchanged, compared to its average volume of 221,182. VSE has a 1-year low of $73.36 and a 1-year high of $140.64. The company has a market capitalization of $2.77 billion, a P/E ratio of 167.53 and a beta of 1.28. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The business's 50 day moving average is $123.71 and its 200-day moving average is $112.91.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.23. VSE had a return on equity of 7.26% and a net margin of 1.36%. The firm had revenue of $256.05 million for the quarter, compared to analyst estimates of $248.20 million. During the same period last year, the firm posted $0.45 earnings per share. The business's revenue for the quarter was up 57.6% on a year-over-year basis. Equities analysts forecast that VSE will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 16th. This represents a $0.40 annualized dividend and a yield of 0.30%. VSE's dividend payout ratio is currently 50.00%.

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.