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

Shares of VSE Corporation (NASDAQ:VSEC) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $229.2857.

A number of research analysts recently weighed in on VSEC shares. Citigroup decreased their target price on VSE from $261.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Stifel Nicolaus boosted 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. Royal Bank Of Canada boosted their target price on VSE from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Truist Financial set a $222.00 target price on VSE in a report on Friday, January 9th. Finally, William Blair reissued an “outperform” rating on shares of VSE in a report on Thursday, March 12th.

VSE Stock Up 13.5%

NASDAQ:VSEC opened at $210.90 on Friday. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 236.97, a price-to-earnings-growth ratio of 1.70 and a beta of 1.43. VSE has a twelve month low of $101.57 and a twelve month high of $231.60. The stock’s 50 day moving average price is $201.46 and its two-hundred day moving average price is $186.10. The company has a quick ratio of 1.43, a current ratio of 3.76 and a debt-to-equity ratio of 0.20.

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

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 15th. This represents a $0.40 annualized dividend and a yield of 0.2%. VSE’s dividend payout ratio (DPR) is presently 44.94%.

Institutional Investors Weigh In On VSE

A number of hedge funds and other institutional investors have recently modified their holdings of VSEC. Royal Bank of Canada lifted its holdings in shares of VSE by 34.2% during the first quarter. Royal Bank of Canada now owns 13,139 shares of the construction company’s stock worth $1,576,000 after buying an additional 3,350 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of VSE during the first quarter worth $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of VSE by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock valued at $1,258,000 after acquiring an additional 470 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of VSE by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock valued at $41,563,000 after acquiring an additional 32,489 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of VSE by 56.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,422 shares of the construction company’s stock valued at $6,050,000 after acquiring an additional 18,220 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Company Profile

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.