Brokerages Set VSE Co. (NASDAQ:VSEC) Target Price at $117.83

VSE Co. (NASDAQ:VSEC - Get Free Report) has been given a consensus rating of "Buy" by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is $117.83.

Several brokerages have issued reports on VSEC. StockNews.com raised VSE to a "sell" rating in a report on Tuesday, January 28th. Jefferies Financial Group raised their price target on VSE from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, October 17th. B. Riley raised their price target on VSE from $120.00 to $132.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price target on VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Finally, Truist Financial cut their price target on VSE from $133.00 to $129.00 and set a "buy" rating for the company in a report on Tuesday, January 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in shares of VSE by 4.2% in the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company's stock worth $274,000 after purchasing an additional 134 shares during the period. Corebridge Financial Inc. increased its position in shares of VSE by 3.0% in the fourth quarter. Corebridge Financial Inc. now owns 8,753 shares of the construction company's stock worth $832,000 after purchasing an additional 258 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of VSE by 6.5% in the second quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company's stock worth $463,000 after purchasing an additional 320 shares during the period. LPL Financial LLC increased its position in shares of VSE by 13.8% in the fourth quarter. LPL Financial LLC now owns 3,223 shares of the construction company's stock worth $307,000 after purchasing an additional 391 shares during the period. Finally, US Bancorp DE increased its position in shares of VSE by 16.8% in the fourth quarter. US Bancorp DE now owns 3,021 shares of the construction company's stock worth $287,000 after purchasing an additional 435 shares during the period. Institutional investors own 91.54% of the company's stock.

VSE Stock Down 0.3 %

Shares of NASDAQ:VSEC traded down $0.28 during midday trading on Friday, hitting $106.54. The stock had a trading volume of 143,912 shares, compared to its average volume of 206,919. VSE has a 12 month low of $65.33 and a 12 month high of $123.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The business's 50-day simple moving average is $102.56 and its 200-day simple moving average is $98.13.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Thursday, January 23rd.

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.