VSE Co. (NASDAQ:VSEC) Receives Average Rating of "Buy" from Brokerages
VSE Co. (NASDAQ:VSEC) has received an average rating of "Buy" from six brokerages covering the stock. The average 12-month price target is $118.00. Recent analyst reports include a downgrade to "sell" by StockNews.com and a price target decrease by Truist Financial from $134.00 to $130.00. Hedge funds have increased their holdings, with 91.54% of the stock owned by institutional investors. VSE reported $0.90 EPS for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.10 per share, yielding 0.37%.
Shares of VSE Co. (NASDAQ:VSEC - Get Free Report) have been assigned an average recommendation of "Buy" from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $118.00.
VSEC has been the subject of several recent analyst reports. StockNews.com upgraded shares of VSE to a "sell" rating in a report on Thursday, March 6th. Truist Financial decreased their price target on VSE from $134.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, April 17th.
Get Our Latest Stock Analysis on VSE
Hedge Funds Weigh In On VSE
Hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC boosted its position in shares of VSE by 857.1% in the 4th quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock valued at $45,000 after purchasing an additional 420 shares during the period. Quantbot Technologies LP acquired a new position in shares of VSE in the fourth quarter worth about $47,000. Tower Research Capital LLC TRC increased its position in shares of VSE by 21.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after acquiring an additional 258 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of VSE by 14.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company's stock valued at $175,000 after acquiring an additional 233 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of VSE in the 3rd quarter valued at approximately $155,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.
VSE Stock Performance
Shares of VSEC stock opened at $108.09 on Thursday. VSE has a 12-month low of $73.36 and a 12-month high of $128.72. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 130.23 and a beta of 1.32. The business has a 50 day simple moving average of $112.66 and a 200 day simple moving average of $107.27.
VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.17. The company had revenue of $299.02 million for the quarter, compared to analyst estimates of $289.97 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. On average, equities research analysts anticipate that VSE will post 2.96 EPS for the current year.
VSE Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. VSE's dividend payout ratio (DPR) is presently 48.19%.
About VSE
(Get Free ReportVSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.
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