VSE Corporation (NASDAQ:VSEC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

VSE Corporation (NASDAQ:VSEC) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $205.2857.

VSEC has been the topic of several research analyst reports. Royal Bank Of Canada lifted their price target on VSE from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of VSE in a research report on Friday, October 17th. They set a “buy” rating and a $195.00 target price on the stock. Truist Financial set a $222.00 price target on shares of VSE in a research report on Friday, January 9th. B. Riley increased their price target on shares of VSE from $185.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Wolfe Research began coverage on shares of VSE in a research report on Monday, September 29th. They set an “outperform” rating and a $190.00 price objective on the stock.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $214.18 on Monday. VSE has a 12 month low of $91.55 and a 12 month high of $216.41. The firm has a market capitalization of $4.93 billion, a P/E ratio of 314.98, a P/E/G ratio of 2.40 and a beta of 1.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.94 and a quick ratio of 1.41. The company’s fifty day moving average price is $179.15 and its 200 day moving average price is $165.45.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Monday, October 27th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. VSE had a return on equity of 7.64% and a net margin of 1.23%.The company had revenue of $282.91 million for the quarter, compared to analyst estimates of $276.48 million. The business’s revenue was up 38.9% on a year-over-year basis. As a group, sell-side analysts predict that VSE will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

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

Institutional Trading of VSE

A number of hedge funds have recently added to or reduced their stakes in VSEC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of VSE in the second quarter valued at approximately $28,000. AQR Capital Management LLC acquired a new stake in shares of VSE during the first quarter worth $247,000. Farther Finance Advisors LLC grew its position in VSE by 946.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company’s stock valued at $313,000 after buying an additional 1,704 shares during the last quarter. Handelsbanken Fonder AB acquired a new position in VSE in the 2nd quarter valued at $498,000. Finally, SG Americas Securities LLC increased its stake in VSE by 262.1% in the 3rd quarter. SG Americas Securities LLC now owns 4,168 shares of the construction company’s stock valued at $693,000 after buying an additional 3,017 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

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.