VSE Co. (NASDAQ:VSEC) Given Consensus Recommendation of “Buy” by Brokerages

Shares of VSE Co. (NASDAQ:VSEC) have earned an average recommendation of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $99.83.

Several analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on VSE in a report on Wednesday, August 14th. They issued a “buy” rating and a $100.00 price target on the stock. Benchmark reaffirmed a “buy” rating and set a $100.00 target price on shares of VSE in a research note on Friday, August 2nd. Stifel Nicolaus started coverage on VSE in a research note on Friday, June 28th. They set a “buy” rating and a $101.00 target price on the stock. Truist Financial boosted their price objective on VSE from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of VSE in a research note on Thursday, August 1st.

Insiders Place Their Bets

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $91.83, for a total value of $1,404,999.00. Following the completion of the sale, the insider now owns 463,284 shares of the company’s stock, valued at $42,543,369.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 14.60% of the company’s stock.

Institutional Trading of VSE

Hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in VSE in the 2nd quarter valued at approximately $42,000. Park Avenue Securities LLC bought a new position in VSE during the first quarter worth about $221,000. Caprock Group LLC bought a new position in VSE during the first quarter worth about $241,000. Archer Investment Corp bought a new position in VSE during the second quarter worth about $247,000. Finally, Precision Wealth Strategies LLC bought a new position in VSE during the first quarter worth about $280,000. Institutional investors own 91.54% of the company’s stock.

VSE Stock Performance

NASDAQ VSEC opened at $87.57 on Wednesday. The business’s 50-day moving average price is $87.54 and its 200 day moving average price is $82.69. The company has a market capitalization of $1.40 billion, a PE ratio of 26.28 and a beta of 1.61. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55. VSE has a twelve month low of $48.47 and a twelve month high of $94.10.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The business had revenue of $265.96 million for the quarter, compared to analyst estimates of $256.60 million. VSE had a net margin of 1.21% and a return on equity of 7.87%. On average, research analysts predict that VSE will post 3.06 earnings per share for the current year.

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%.

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.