Benchmark Raises VSE (NASDAQ:VSEC) Price Target to $100.00

VSE (NASDAQ:VSEC) had its price objective lifted by Benchmark from $85.00 to $100.00 in a research report sent to investors on Friday morning, Benzinga reports. Benchmark currently has a buy rating on the construction company’s stock.

Several other research firms have also commented on VSEC. B. Riley boosted their price target on shares of VSE from $91.00 to $101.00 and gave the company a buy rating in a report on Friday, May 10th. Truist Financial lifted their target price on VSE from $86.00 to $92.00 and gave the company a buy rating in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $90.75.

VSE Trading Up 0.2 %

Shares of NASDAQ:VSEC opened at $82.61 on Friday. The business’s 50 day moving average is $79.56 and its 200 day moving average is $71.83. VSE has a 52-week low of $48.47 and a 52-week high of $87.83. 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 posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $242.42 million. VSE had a return on equity of 8.85% and a net margin of 2.56%. Sell-side analysts predict that VSE will post 3.47 EPS for the current fiscal year.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $0.40 annualized dividend and a yield of 0.48%.

Hedge Funds Weigh In On VSE

Several hedge funds have recently modified their holdings of the stock. FMR LLC grew its position in VSE by 18.1% during the 3rd quarter. FMR LLC now owns 2,283,203 shares of the construction company’s stock worth $115,165,000 after purchasing an additional 350,313 shares during the last quarter. Capital Research Global Investors acquired a new position in shares of VSE in the 1st quarter valued at $81,623,000. Dimensional Fund Advisors LP increased its position in shares of VSE by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 784,606 shares of the construction company’s stock valued at $50,694,000 after acquiring an additional 14,789 shares during the period. Vanguard Group Inc. raised its stake in VSE by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 724,681 shares of the construction company’s stock worth $57,974,000 after acquiring an additional 12,407 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in VSE by 13.2% during the 1st quarter. Jennison Associates LLC now owns 561,397 shares of the construction company’s stock worth $44,912,000 after acquiring an additional 65,495 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Company Profile

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.