VSE (NASDAQ:VSEC) Shares Up 3.3%

VSE Co. (NASDAQ:VSEC - Get Free Report)'s stock price was up 3.3% during trading on Thursday . The company traded as high as $90.88 and last traded at $90.51. Approximately 74,860 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 132,695 shares. The stock had previously closed at $87.64.

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Wall Street Analyst Weigh In

VSEC has been the topic of several research analyst reports. Jefferies Financial Group assumed coverage on VSE in a report on Wednesday, August 14th. They set a "buy" rating and a $100.00 price target on the stock. B. Riley raised their price objective on shares of VSE from $91.00 to $101.00 and gave the stock a "buy" rating in a report on Friday, May 10th. Truist Financial upped their target price on shares of VSE from $92.00 to $97.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. Royal Bank of Canada reissued an "outperform" rating and set a $100.00 price objective on shares of VSE in a research report on Thursday, August 1st. Finally, Stifel Nicolaus started coverage on VSE in a research report on Friday, June 28th. They set a "buy" rating and a $101.00 target price on the stock. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $99.83.

Check Out Our Latest Analysis on VSEC

VSE Stock Up 2.7 %

The company has a debt-to-equity ratio of 0.55, a current ratio of 3.53 and a quick ratio of 1.17. The company has a 50-day moving average price of $86.68 and a 200 day moving average price of $80.20. The firm has a market capitalization of $1.66 billion, a PE ratio of 19.48 and a beta of 1.59.

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VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.64 earnings per share 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%. Analysts forecast that VSE Co. will post 3.17 earnings per share for the current year.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be issued a $0.10 dividend. 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 0.44%. VSE's dividend payout ratio is currently 8.66%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Capital Research Global Investors bought a new position in VSE during the first quarter valued at approximately $81,623,000. AltraVue Capital LLC purchased a new position in shares of VSE in the second quarter valued at $48,343,000. Allspring Global Investments Holdings LLC bought a new stake in VSE in the second quarter worth $10,326,000. Hennessy Advisors Inc. purchased a new stake in VSE during the second quarter valued at $9,388,000. Finally, Jennison Associates LLC lifted its position in VSE by 13.2% during the first quarter. Jennison Associates LLC now owns 561,397 shares of the construction company's stock valued at $44,912,000 after purchasing an additional 65,495 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

About VSE

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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.

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