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

Shares of VSE Corporation (NASDAQ:VSEC - Get Free Report) have been assigned an average recommendation of "Buy" from the five analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is $130.00.

VSEC has been the subject of a number of research reports. B. Riley boosted their target price on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada boosted their target price on shares of VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Truist Financial boosted their target price on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, May 8th.

VSE Trading Down 1.5%

NASDAQ:VSEC opened at $126.08 on Tuesday. VSE has a 12 month low of $73.36 and a 12 month high of $140.64. The firm has a fifty day simple moving average of $130.09 and a 200-day simple moving average of $115.12. The company has a current ratio of 3.90, a quick ratio of 2.12 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $2.61 billion, a P/E ratio of 157.60 and a beta of 1.26.

VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.55 by $0.23. VSE had a net margin of 1.41% and a return on equity of 6.62%. The business had revenue of $256.05 million during the quarter, compared to the consensus estimate of $248.20 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The business's revenue for the quarter was up 57.6% compared to the same quarter last year. On average, equities research analysts anticipate that VSE will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. VSE's payout ratio is 50.00%.

Insiders Place Their Bets

In other VSE news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction on Friday, May 9th. The shares were sold at an average price of $129.38, for a total value of $371,191.22. Following the completion of the transaction, the director owned 3,837 shares of the company's stock, valued at approximately $496,431.06. The trade was a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 14.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in VSE by 857.1% in the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock valued at $45,000 after buying an additional 420 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of VSE during the fourth quarter worth about $47,000. Amalgamated Bank increased its stake in shares of VSE by 36.5% during the first quarter. Amalgamated Bank now owns 610 shares of the construction company's stock worth $73,000 after purchasing an additional 163 shares in the last quarter. KBC Group NV purchased a new stake in shares of VSE during the first quarter worth about $99,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of VSE by 21.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after purchasing an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

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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