VSE (NASDAQ:VSEC) Shares Gap Down – Should You Sell?

VSE Corporation (NASDAQ:VSEC) shares gapped down before the market opened on Monday . The stock had previously closed at $218.57, but opened at $197.00. VSE shares last traded at $196.99, with a volume of 230,311 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have commented on VSEC shares. Truist Financial set a $222.00 price target on VSE in a research report on Friday, January 9th. Citigroup raised their price objective on shares of VSE from $215.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. B. Riley lifted their price target on VSE from $208.00 to $258.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of VSE in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of VSE in a research note on Friday, October 17th. They set a “buy” rating and a $195.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $221.14.

VSE Price Performance

The firm has a market capitalization of $4.46 billion, a P/E ratio of 284.72, a PEG ratio of 2.14 and a beta of 1.35. The firm has a 50-day moving average of $188.54 and a 200-day moving average of $172.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.41 and a current ratio of 3.94.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Thursday, January 15th were paid a $0.10 dividend. The ex-dividend date was Thursday, January 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. VSE’s payout ratio is currently 58.82%.

Hedge Funds Weigh In On VSE

A number of institutional investors and hedge funds have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in VSE in the second quarter worth about $28,000. Farther Finance Advisors LLC increased its stake in shares of VSE by 946.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company’s stock worth $313,000 after purchasing an additional 1,704 shares in the last quarter. AQR Capital Management LLC bought a new position in VSE in the 1st quarter worth $247,000. Handelsbanken Fonder AB purchased a new position in VSE during the second quarter valued at $498,000. Finally, SG Americas Securities LLC lifted its position in VSE by 262.1% during the third quarter. SG Americas Securities LLC now owns 4,168 shares of the construction company’s stock valued at $693,000 after purchasing an additional 3,017 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.