Analysts Set VSE Corporation (NASDAQ:VSEC) Target Price at $239.13

VSE Corporation (NASDAQ:VSEC) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $239.1250.

Several analysts have recently weighed in on VSEC shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $268.00 price objective on shares of VSE in a research report on Thursday, May 7th. Royal Bank Of Canada boosted their price objective on VSE from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Weiss Ratings cut VSE from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. William Blair restated an “outperform” rating on shares of VSE in a research report on Thursday, March 12th. Finally, Stifel Nicolaus boosted their price objective on VSE from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, March 2nd.

Insiders Place Their Bets

In other VSE news, COO Benjamin E. Thomas sold 6,500 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $196.82, for a total value of $1,279,330.00. Following the sale, the chief operating officer directly owned 42,839 shares in the company, valued at $8,431,571.98. This represents a 13.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On VSE

A number of institutional investors and hedge funds have recently bought and sold shares of VSEC. Royal Bank of Canada boosted its stake in VSE by 34.2% in the first quarter. Royal Bank of Canada now owns 13,139 shares of the construction company’s stock worth $1,576,000 after purchasing an additional 3,350 shares in the last quarter. AQR Capital Management LLC acquired a new position in VSE in the first quarter worth $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in VSE by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock worth $1,258,000 after purchasing an additional 470 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in VSE by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock worth $41,563,000 after purchasing an additional 32,489 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of VSE by 56.6% during the first 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 Stock Performance

Shares of NASDAQ VSEC opened at $215.55 on Thursday. The company has a quick ratio of 6.24, a current ratio of 8.78 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $189.06 and its two-hundred day moving average is $193.31. The company has a market cap of $6.05 billion, a P/E ratio of 90.95, a P/E/G ratio of 2.45 and a beta of 1.25. VSE has a 12 month low of $123.69 and a 12 month high of $232.61.

VSE (NASDAQ:VSEC) last issued its quarterly 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 company 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%.The company’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. On average, equities analysts expect that VSE will post 4.3 EPS for the current year.

VSE Dividend Announcement

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