Citigroup Cuts VSE (NASDAQ:VSEC) Price Target to $230.00

VSE (NASDAQ:VSEC) had its target price lowered by Citigroup from $261.00 to $230.00 in a research note issued to investors on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the construction company’s stock.

VSEC has been the subject of several other research reports. Royal Bank Of Canada raised their price target on shares of VSE from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of VSE in a research note on Monday, December 29th. Truist Financial set a $222.00 price objective on VSE in a report on Friday, January 9th. William Blair reaffirmed an “outperform” rating on shares of VSE in a research report on Thursday, March 12th. Finally, Stifel Nicolaus lifted their target price on VSE from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $229.29.

VSE Stock Performance

NASDAQ:VSEC opened at $185.09 on Thursday. The stock’s 50-day moving average is $202.23 and its 200-day moving average is $185.49. VSE has a 1-year low of $100.53 and a 1-year high of $231.60. The company has a current ratio of 3.76, a quick ratio of 1.43 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.19 billion, a P/E ratio of 207.97, a price-to-earnings-growth ratio of 1.70 and a beta of 1.43.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, February 25th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.28. VSE had a net margin of 1.84% and a return on equity of 7.60%. The business had revenue of $301.18 million during the quarter, compared to analyst estimates of $289.55 million. During the same quarter last year, the business earned $0.63 EPS. The firm’s quarterly revenue was up 32.4% on a year-over-year basis. Equities research analysts anticipate that VSE will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th will be given a $0.10 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. VSE’s payout ratio is 44.94%.

Institutional Investors Weigh In On VSE

Several large investors have recently modified their holdings of VSEC. EverSource Wealth Advisors LLC raised its stake in VSE by 145.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after buying an additional 153 shares during the last quarter. AQR Capital Management LLC bought a new stake in VSE during the first quarter valued at $247,000. Farther Finance Advisors LLC grew its holdings in VSE by 946.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company’s stock worth $313,000 after acquiring an additional 1,704 shares during the period. Ellevest Inc. acquired a new stake in VSE during the 4th quarter worth about $323,000. Finally, SG Americas Securities LLC raised its position in shares of VSE by 262.1% in the 3rd quarter. SG Americas Securities LLC now owns 4,168 shares of the construction company’s stock worth $693,000 after acquiring an additional 3,017 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

About VSE

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.