Analysts Set VSE Co. (NASDAQ:VSEC) PT at $93.80

VSE Co. (NASDAQ:VSEC) has received a consensus rating of “Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $93.80.

A number of equities analysts recently issued reports on VSEC shares. Benchmark upped their price objective on shares of VSE from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Stifel Nicolaus initiated coverage on shares of VSE in a research report on Friday, June 28th. They issued a “buy” rating and a $101.00 price target for the company. Truist Financial upped their price target on shares of VSE from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, B. Riley upped their price target on shares of VSE from $91.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, May 10th.

VSE Price Performance

VSEC stock opened at $91.69 on Tuesday. The company has a 50 day simple moving average of $85.12 and a 200 day simple moving average of $76.89. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 28.80 and a beta of 1.59. VSE has a 1 year low of $48.47 and a 1 year high of $94.10. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.33 and a quick ratio of 0.99.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Wednesday, May 8th. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.12. The business had revenue of $241.54 million during the quarter, compared to analysts’ expectations of $242.42 million. VSE had a net margin of 2.56% and a return on equity of 8.85%. Research analysts anticipate that VSE will post 3.46 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Wednesday, July 17th.

Institutional Investors Weigh In On VSE

A number of institutional investors have recently modified their holdings of VSEC. Vanguard Group Inc. boosted its stake in shares of VSE by 17.5% in the 3rd quarter. Vanguard Group Inc. now owns 695,222 shares of the construction company’s stock valued at $35,067,000 after purchasing an additional 103,586 shares during the last quarter. Arizona State Retirement System bought a new position in VSE during the fourth quarter worth $242,000. Calamos Advisors LLC bought a new position in VSE during the fourth quarter worth $1,058,000. RIA Advisory Group LLC bought a new position in VSE during the fourth quarter worth $923,000. Finally, Jennison Associates LLC boosted its stake in VSE by 12.7% during the fourth quarter. Jennison Associates LLC now owns 495,902 shares of the construction company’s stock worth $32,040,000 after acquiring an additional 55,714 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

About VSE

VSE 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.