VSE (NASDAQ:VSEC) Price Target Raised to $261.00

VSE (NASDAQ:VSEC) had its price objective lifted by Citigroup from $233.00 to $261.00 in a report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other equities research analysts also recently commented on VSEC. Truist Financial set a $222.00 target price on shares of VSE in a research report on Friday, January 9th. Stifel Nicolaus lifted their price target on shares of VSE from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank Of Canada boosted their price objective on shares of VSE from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of VSE in a research report on Monday, December 29th. Finally, B. Riley Financial upped their target price on VSE from $208.00 to $258.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.71.

VSE Stock Performance

NASDAQ:VSEC opened at $223.75 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.41 and a current ratio of 3.76. VSE has a fifty-two week low of $100.53 and a fifty-two week high of $231.60. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 251.40, a PEG ratio of 2.04 and a beta of 1.34. The stock has a fifty day moving average price of $205.43 and a 200-day moving average price of $181.57.

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

VSE Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VSEC. Fred Alger Management LLC boosted 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 valued at $65,582,000 after buying an additional 81,788 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of VSE by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock worth $41,563,000 after acquiring an additional 32,489 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of VSE by 11.1% in the 4th quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock worth $47,488,000 after acquiring an additional 27,448 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its position in VSE by 2.3% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 135,516 shares of the construction company’s stock worth $22,528,000 after purchasing an additional 3,100 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in VSE by 1,331.0% in the 4th quarter. SG Americas Securities LLC now owns 59,642 shares of the construction company’s stock valued at $10,304,000 after buying an additional 55,474 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

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.