VSE Corporation (NASDAQ:VSEC) Given Average Rating of “Buy” by Analysts

Shares of VSE Corporation (NASDAQ:VSEC) have received a consensus rating of “Buy” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $130.00.

Several analysts recently commented on the company. B. Riley upped their target price on VSE from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Royal Bank Of Canada upped their target price on VSE from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Finally, Truist Financial upped their target price on VSE from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, May 8th.

Insider Activity at VSE

In related news, Director Anita D. Britt sold 2,869 shares of the company’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 transaction of $371,191.22. Following the transaction, the director directly owned 3,837 shares of the company’s stock, valued at approximately $496,431.06. This represents a 42.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On VSE

A number of hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its holdings in shares of VSE by 857.1% in the 4th quarter. Sterling Capital Management LLC now owns 469 shares of the construction company’s stock worth $45,000 after purchasing an additional 420 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of VSE in the fourth quarter valued at $47,000. Amalgamated Bank grew its holdings in shares of VSE by 36.5% during the first quarter. Amalgamated Bank now owns 610 shares of the construction company’s stock valued at $73,000 after buying an additional 163 shares during the last quarter. KBC Group NV bought a new stake in shares of VSE during the first quarter worth about $99,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of VSE by 21.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company’s stock worth $138,000 after acquiring an additional 258 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Stock Performance

Shares of VSEC stock opened at $126.67 on Tuesday. The business’s 50 day simple moving average is $130.83 and its 200 day simple moving average is $115.79. VSE has a one year low of $73.36 and a one year high of $140.64. The stock has a market capitalization of $2.62 billion, a PE ratio of 158.34 and a beta of 1.26. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.90 and a quick ratio of 2.12.

VSE (NASDAQ:VSEC) last announced its earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.55 by $0.23. VSE had a return on equity of 6.62% and a net margin of 1.41%. 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 business posted $0.45 earnings per share. The firm’s revenue was up 57.6% on a year-over-year basis. As a group, research analysts forecast that VSE will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. 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.