VSE Corporation (NASDAQ:VSEC) Given Consensus Recommendation of “Buy” by Brokerages

VSE Corporation (NASDAQ:VSEC) has been assigned a consensus recommendation of “Buy” from the eleven analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $239.1250.

Several research analysts have recently commented on VSEC shares. Royal Bank Of Canada boosted their target price on VSE from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings raised VSE from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Jefferies Financial Group reissued a “buy” rating and issued a $245.00 target price on shares of VSE in a report on Sunday, May 10th. B. Riley Financial boosted their target price on VSE from $208.00 to $258.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, Zacks Research downgraded VSE from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund lifted its holdings in VSE by 31.2% during the 3rd quarter. New York State Common Retirement Fund now owns 247,417 shares of the construction company’s stock worth $41,131,000 after buying an additional 58,805 shares in the last quarter. SG Americas Securities LLC lifted its holdings in VSE by 1,331.0% during the 4th quarter. SG Americas Securities LLC now owns 59,642 shares of the construction company’s stock worth $10,304,000 after buying an additional 55,474 shares in the last quarter. Fred Alger Management LLC lifted its holdings in VSE by 26.2% during the 3rd quarter. Fred Alger Management LLC now owns 394,499 shares of the construction company’s stock worth $65,582,000 after buying an additional 81,788 shares in the last quarter. AQR Capital Management LLC acquired a new position in VSE during the 1st quarter worth $247,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in VSE by 100.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 516 shares of the construction company’s stock worth $95,000 after buying an additional 258 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

VSE Trading Down 1.1%

VSEC stock opened at $171.88 on Friday. The firm has a market cap of $4.82 billion, a P/E ratio of 72.52, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a current ratio of 8.78, a quick ratio of 6.24 and a debt-to-equity ratio of 0.12. VSE has a 1-year low of $123.69 and a 1-year high of $232.61. The business’s 50 day moving average is $188.31 and its 200-day moving average is $191.04.

VSE (NASDAQ:VSEC) last announced its earnings results on Tuesday, May 5th. The construction company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.93 by $0.24. The business had revenue of $324.58 million for the quarter, compared to the consensus estimate of $309.19 million. VSE had a return on equity of 6.56% and a net margin of 4.95%.VSE’s revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. Equities analysts anticipate that VSE will post 4.3 earnings per share for the current fiscal year.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th. VSE’s payout ratio is presently 16.88%.

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.