VSE Co. (NASDAQ:VSEC) Given Average Recommendation of "Buy" by Brokerages

Shares of VSE Co. (NASDAQ:VSEC - Get Free Report) have been given a consensus rating of "Buy" by the six brokerages that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have covered the stock in the last year is $99.83.

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

VSE Stock Up 2.6 %

Shares of VSE stock traded up $2.19 during trading on Friday, hitting $86.17. 111,308 shares of the stock traded hands, compared to its average volume of 132,279. The stock has a market cap of $1.38 billion, a P/E ratio of 25.46 and a beta of 1.60. The company has a fifty day moving average price of $86.09 and a two-hundred day moving average price of $83.57. VSE has a twelve month low of $51.95 and a twelve month high of $94.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.17 and a current ratio of 3.53.

VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, July 31st. The construction company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $265.96 million during the quarter, compared to the consensus estimate of $256.60 million. VSE had a return on equity of 7.87% and a net margin of 1.21%. Equities research analysts predict that VSE will post 3.02 EPS for the current fiscal year.

VSE Dividend Announcement

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

Insiders Place Their Bets

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the completion of the transaction, the insider now owns 463,284 shares in the company, valued at $42,543,369.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 14.60% of the company's stock.

Hedge Funds Weigh In On VSE

Large investors have recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in VSE during the 2nd quarter valued at about $42,000. Park Avenue Securities LLC acquired a new position in shares of VSE in the 1st quarter valued at $221,000. Caprock Group LLC acquired a new stake in shares of VSE during the first quarter worth $241,000. Archer Investment Corp acquired a new stake in shares of VSE during the second quarter worth $247,000. Finally, Precision Wealth Strategies LLC bought a new stake in VSE in the first quarter valued at about $280,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.