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

Shares of VSE Corporation (NASDAQ:VSEC) have received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $197.1667.

A number of research firms have issued reports on VSEC. Truist Financial reaffirmed a “buy” rating and issued a $201.00 price objective (up previously from $177.00) on shares of VSE in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of VSE in a report on Friday, October 17th. They issued a “buy” rating and a $195.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VSE in a research note on Monday. Royal Bank Of Canada increased their price objective on shares of VSE from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, Wolfe Research initiated coverage on shares of VSE in a report on Monday, September 29th. They issued an “outperform” rating and a $190.00 target price on the stock.

Institutional Investors Weigh In On VSE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSEC. T. Rowe Price Investment Management Inc. lifted its stake in shares of VSE by 25.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,537,378 shares of the construction company’s stock valued at $304,460,000 after purchasing an additional 511,214 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in VSE by 100.5% during the 1st quarter. Neuberger Berman Group LLC now owns 755,461 shares of the construction company’s stock valued at $90,648,000 after buying an additional 378,661 shares during the period. Ameriprise Financial Inc. lifted its position in VSE by 48.5% in the first quarter. Ameriprise Financial Inc. now owns 1,063,832 shares of the construction company’s stock worth $127,654,000 after buying an additional 347,664 shares during the last quarter. Durable Capital Partners LP lifted its position in VSE by 41.9% in the first quarter. Durable Capital Partners LP now owns 865,017 shares of the construction company’s stock worth $103,793,000 after buying an additional 255,434 shares during the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in VSE by 67.7% during the first quarter. Driehaus Capital Management LLC now owns 276,800 shares of the construction company’s stock worth $33,213,000 after buying an additional 111,765 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

VSE Stock Up 1.6%

VSEC opened at $171.28 on Friday. The company has a market capitalization of $3.95 billion, a PE ratio of 251.89, a price-to-earnings-growth ratio of 2.39 and a beta of 1.38. The firm has a 50-day simple moving average of $170.39 and a two-hundred day simple moving average of $154.05. The company has a quick ratio of 1.41, a current ratio of 3.94 and a debt-to-equity ratio of 0.35. VSE has a 52 week low of $88.69 and a 52 week high of $186.00.

VSE (NASDAQ:VSEC) last issued its earnings results on Monday, October 27th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. VSE had a return on equity of 7.64% and a net margin of 1.23%.The firm had revenue of $282.91 million for the quarter, compared to analysts’ expectations of $276.48 million. VSE’s revenue for the quarter was up 38.9% compared to the same quarter last year. Analysts forecast that VSE will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 15th will be given a $0.10 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.40 annualized dividend and a yield of 0.2%. VSE’s dividend payout ratio (DPR) is currently 58.82%.

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.