Brokerages Set VSE Corporation (NASDAQ:VSEC) PT at $229.29

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

Several equities analysts recently commented on VSEC shares. Royal Bank Of Canada raised their target price on VSE from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VSE in a report on Monday, December 29th. B. Riley Financial increased their target price on shares of VSE from $208.00 to $258.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Truist Financial set a $222.00 price target on shares of VSE in a report on Friday, January 9th. Finally, 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.

Institutional Investors Weigh In On VSE

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its stake in shares of VSE by 145.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after purchasing an additional 153 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of VSE by 17.1% in the 4th 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of VSE by 4.7% during 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 acquiring an additional 470 shares during the last quarter. Handelsbanken Fonder AB lifted 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 acquiring an additional 1,800 shares during the period. Finally, Ellevest Inc. acquired a new position in shares of VSE during the fourth quarter valued at $323,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Trading Up 3.1%

Shares of VSE stock opened at $190.79 on Friday. The company’s fifty day moving average price is $201.88 and its two-hundred day moving average price is $185.75. The firm has a market capitalization of $5.35 billion, a PE ratio of 214.37, a price-to-earnings-growth ratio of 1.70 and a beta of 1.43. VSE has a 52-week low of $100.53 and a 52-week high of $231.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.76 and a quick ratio of 1.43.

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 net margin of 1.84% and a return on equity of 7.60%. The business had revenue of $301.18 million for the quarter, compared to analyst estimates of $289.55 million. During the same period in the previous year, the business earned $0.63 EPS. The firm’s revenue was up 32.4% on a year-over-year basis. On average, analysts expect that VSE will post 2.96 EPS for the current year.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Investors 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 is 44.94%.

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.