VSE Corporation (NASDAQ:VSEC) Receives $241.44 Consensus Price Target from Analysts

Shares of VSE Corporation (NASDAQ:VSEC) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $239.7778.

VSEC has been the subject of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of VSE in a report on Wednesday, July 1st. Royal Bank Of Canada increased their price target on shares of VSE from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Truist Financial upgraded shares of VSE to a “strong-buy” rating in a report on Friday, May 1st. Jefferies Financial Group set a $260.00 price objective on shares of VSE in a research note on Tuesday, July 7th. Finally, Weiss Ratings cut shares of VSE from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th.

VSE Stock Performance

NASDAQ VSEC opened at $199.61 on Monday. The business’s 50-day moving average price is $196.56 and its 200 day moving average price is $199.18. VSE has a twelve month low of $125.27 and a twelve month high of $240.56. The company has a market capitalization of $5.60 billion, a PE ratio of 84.22, a price-to-earnings-growth ratio of 2.21 and a beta of 1.21. 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 (NASDAQ:VSEC) last posted its quarterly earnings results on Tuesday, May 5th. The construction company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.93 by $0.24. VSE had a return on equity of 6.56% and a net margin of 4.95%.The company had revenue of $324.58 million during the quarter, compared to analysts’ expectations of $309.19 million. During the same quarter in the previous year, the business earned $0.78 EPS. The firm’s revenue was up 26.8% on a year-over-year basis. On average, research analysts predict that VSE will post 4.3 earnings per share for the current year.

VSE Dividend Announcement

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

Insider Transactions at VSE

In other VSE news, COO Benjamin E. Thomas sold 6,500 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the completion of 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 through this hyperlink. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On VSE

Hedge funds and other institutional investors have recently modified their holdings of the company. Fred Alger Management LLC grew its position in shares of VSE by 26.2% during the third 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. SG Americas Securities LLC raised its holdings in VSE by 1,331.0% in the fourth quarter. SG Americas Securities LLC now owns 59,642 shares of the construction company’s stock valued at $10,304,000 after acquiring an additional 55,474 shares in the last quarter. Emerald Advisers LLC raised its holdings in VSE by 12.6% in the first quarter. Emerald Advisers LLC now owns 314,789 shares of the construction company’s stock valued at $58,047,000 after acquiring an additional 35,246 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in 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 last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in VSE by 16.4% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 195,915 shares of the construction company’s stock valued at $36,127,000 after acquiring an additional 27,563 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

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.