VSE’s (VSEC) Buy Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of VSE (NASDAQ:VSEC) in a report issued on Tuesday, Benzinga reports. They currently have a $85.00 target price on the construction company’s stock.

Several other research firms have also issued reports on VSEC. StockNews.com lowered shares of VSE from a hold rating to a sell rating in a research report on Friday, January 26th. Truist Financial raised their price objective on shares of VSE from $77.00 to $86.00 and gave the stock a buy rating in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, VSE currently has a consensus rating of Moderate Buy and an average target price of $78.25.

VSE Trading Down 0.2 %

VSE stock opened at $77.52 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 2.70. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 32.30 and a beta of 1.67. VSE has a 1 year low of $40.88 and a 1 year high of $83.00. The firm’s 50 day moving average price is $75.07 and its two-hundred day moving average price is $64.84.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, May 1st. VSE’s dividend payout ratio is currently 16.67%.

Hedge Funds Weigh In On VSE

Several institutional investors and hedge funds have recently modified their holdings of VSEC. Jennison Associates LLC purchased a new position in shares of VSE during the 3rd quarter valued at $22,203,000. FMR LLC grew its holdings in shares of VSE by 18.1% during the 3rd quarter. FMR LLC now owns 2,283,203 shares of the construction company’s stock valued at $115,165,000 after acquiring an additional 350,313 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of VSE by 17.5% during the 3rd quarter. Vanguard Group Inc. now owns 695,222 shares of the construction company’s stock valued at $35,067,000 after acquiring an additional 103,586 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in VSE by 489.2% in the third quarter. Ameriprise Financial Inc. now owns 121,800 shares of the construction company’s stock worth $6,144,000 after purchasing an additional 101,128 shares in the last quarter. Finally, Putnam Investments LLC bought a new stake in VSE in the first quarter worth $2,811,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.