VSE Co. (NASDAQ:VSEC) Given Average Recommendation of "Buy" by Brokerages

VSE Co. (NASDAQ:VSEC - Get Free Report) has been assigned an average recommendation of "Buy" from the six brokerages that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $125.17.

Several research firms recently weighed in on VSEC. B. Riley increased their price target on VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Truist Financial increased their price target on VSE from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, May 8th. StockNews.com upgraded VSE to a "sell" rating in a report on Thursday, March 6th. Finally, Royal Bank of Canada increased their price target on VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, May 8th.

Insider Buying and Selling at VSE

In other VSE news, Director Anita D. Britt sold 2,869 shares of the company's stock in a transaction 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 transaction, the director now owns 3,837 shares of the company's stock, valued at $496,431.06. This represents a 42.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 14.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On VSE

Several hedge funds have recently bought and sold shares of VSEC. Barclays PLC grew its position in VSE by 711.2% in the 3rd quarter. Barclays PLC now owns 40,770 shares of the construction company's stock valued at $3,374,000 after acquiring an additional 35,744 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of VSE by 17.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company's stock worth $581,000 after buying an additional 1,058 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of VSE by 32.5% during the 4th 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 in the last quarter. SG Americas Securities LLC bought a new position in shares of VSE during the 4th quarter worth $493,000. Finally, KFA Private Wealth Group LLC bought a new position in shares of VSE during the 4th quarter worth $209,000. Institutional investors own 91.54% of the company's stock.

VSE Stock Up 1.7%

Shares of VSEC opened at $133.44 on Monday. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 166.80 and a beta of 1.34. VSE has a 1 year low of $73.36 and a 1 year high of $139.51. The business's 50 day simple moving average is $117.59 and its 200-day simple moving average is $110.42. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.23. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business had revenue of $256.05 million for the quarter, compared to analysts' expectations of $248.20 million. During the same period in the prior year, the firm earned $0.45 EPS. The company's revenue for the quarter was up 57.6% on a year-over-year basis. As a group, equities analysts expect that VSE will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's dividend payout ratio (DPR) is presently 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.

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