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

VSE Corporation (NASDAQ:VSEC) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $233.7143.

A number of equities analysts recently weighed in on VSEC shares. Weiss Ratings reissued a “hold (c)” rating on shares of VSE in a research note on Monday, December 29th. Citigroup upped 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. William Blair reiterated an “outperform” rating on shares of VSE in a report on Thursday. B. Riley Financial lifted their price objective on VSE from $208.00 to $258.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, Truist Financial set a $222.00 price objective on VSE in a research note on Friday, January 9th.

VSE Stock Performance

NASDAQ:VSEC opened at $194.08 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.43 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 50 day simple moving average of $209.91 and a two-hundred day simple moving average of $184.17. The company has a market capitalization of $5.43 billion, a PE ratio of 218.07, a P/E/G ratio of 1.76 and a beta of 1.34.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, February 25th. The construction company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.28. VSE had a net margin of 1.84% and a return on equity of 7.60%. The firm had revenue of $301.18 million for the quarter, compared to the consensus estimate of $289.55 million. During the same quarter in the previous year, the company earned $0.63 EPS. The company’s revenue for the quarter was up 32.4% on a year-over-year basis. Research analysts anticipate that VSE will post 2.96 earnings per share for the current year.

VSE Announces Dividend

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

Hedge Funds Weigh In On VSE

A number of institutional investors and hedge funds have recently modified their holdings of VSEC. Fred Alger Management LLC lifted its position in shares of VSE by 26.2% during the 3rd quarter. Fred Alger Management LLC now owns 394,499 shares of the construction company’s stock valued at $65,582,000 after acquiring an additional 81,788 shares during the period. Goldman Sachs Group Inc. grew its holdings in VSE by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock worth $41,563,000 after purchasing an additional 32,489 shares during the period. New York State Common Retirement Fund grew its holdings in VSE by 11.1% in the fourth quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock worth $47,488,000 after purchasing an additional 27,448 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in VSE by 2.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 135,516 shares of the construction company’s stock valued at $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 fourth quarter. SG Americas Securities LLC now owns 59,642 shares of the construction company’s stock valued at $10,304,000 after purchasing an additional 55,474 shares in the last quarter. 91.54% of the stock is currently owned by 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.