VSE Corporation (NASDAQ:VSEC) Receives $233.71 Average Price Target from Analysts

VSE Corporation (NASDAQ:VSEC) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently 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 twelve-month target price among analysts that have updated their coverage on the stock in the last year is $233.7143.

A number of equities analysts have commented on VSEC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VSE in a research note on Monday, December 29th. William Blair reissued an “outperform” rating on shares of VSE in a research note on Thursday. Truist Financial set a $222.00 target price on shares of VSE in a report on Friday, January 9th. Stifel Nicolaus upped their price target on shares of VSE from $250.00 to $260.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Citigroup increased their price target on shares of VSE from $233.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, March 2nd.

Institutional Trading of VSE

Several large investors have recently modified their holdings of the business. New York State Common Retirement Fund raised its position in VSE by 11.1% during the 4th quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock valued at $47,488,000 after purchasing an additional 27,448 shares during the last quarter. Ellevest Inc. bought a new stake in shares of VSE in the 4th quarter worth approximately $323,000. EverSource Wealth Advisors LLC grew its position in shares of VSE by 145.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after buying an additional 153 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of VSE by 47.4% during the fourth quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock valued at $968,000 after buying an additional 1,800 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of VSE by 17.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock valued at $381,000 after buying an additional 323 shares during the period. 91.54% of the stock is owned by institutional investors.

VSE Stock Down 7.2%

VSEC opened at $199.88 on Tuesday. The company has a market cap of $5.59 billion, a P/E ratio of 224.58, a P/E/G ratio of 1.95 and a beta of 1.34. The business’s 50-day moving average price is $209.71 and its 200-day moving average price is $183.49. The company has a current ratio of 3.76, a quick ratio of 1.43 and a debt-to-equity ratio of 0.20. VSE has a 12 month low of $100.53 and a 12 month high of $231.60.

VSE (NASDAQ:VSEC) last issued its earnings results on Wednesday, February 25th. The construction company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.28. VSE had a return on equity of 7.60% and a net margin of 1.84%.The company had revenue of $301.18 million during the quarter, compared to analysts’ expectations of $289.55 million. During the same period in the prior year, the business posted $0.63 EPS. VSE’s quarterly revenue was up 32.4% compared to the same quarter last year. On average, equities analysts expect that VSE will post 2.96 EPS for the current year.

VSE Announces Dividend

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

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.