VSE Co. (NASDAQ:VSEC - Get Free Report)'s share price gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $101.00, but opened at $110.62. VSE shares last traded at $113.51, with a volume of 28,903 shares trading hands.
The construction company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.17. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million.
VSE Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.35%. The ex-dividend date was Thursday, January 23rd. VSE's payout ratio is presently 48.19%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on VSEC. Royal Bank of Canada boosted their price target on shares of VSE from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. StockNews.com upgraded shares of VSE to a "sell" rating in a report on Wednesday, February 12th. B. Riley increased their price target on VSE from $120.00 to $132.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Truist Financial dropped their price objective on VSE from $133.00 to $129.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.83.
View Our Latest Research Report on VSE
Hedge Funds Weigh In On VSE
Several institutional investors have recently made changes to their positions in VSEC. US Bancorp DE increased its position in VSE by 1,180.2% in the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock valued at $214,000 after buying an additional 2,384 shares in the last quarter. Wisconsin Capital Management LLC grew its stake in VSE by 14.9% in the third quarter. Wisconsin Capital Management LLC now owns 58,172 shares of the construction company's stock valued at $4,813,000 after acquiring an additional 7,522 shares during the period. Principal Financial Group Inc. increased its holdings in shares of VSE by 5.9% during the third quarter. Principal Financial Group Inc. now owns 22,067 shares of the construction company's stock valued at $1,826,000 after acquiring an additional 1,236 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of VSE by 30.5% during the third quarter. Victory Capital Management Inc. now owns 15,401 shares of the construction company's stock valued at $1,274,000 after acquiring an additional 3,601 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of VSE by 3.8% during the third quarter. Jennison Associates LLC now owns 823,749 shares of the construction company's stock worth $68,149,000 after purchasing an additional 29,811 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.
VSE Trading Down 4.3 %
The company has a market capitalization of $2.32 billion, a P/E ratio of 136.65 and a beta of 1.61. The business has a fifty day moving average of $100.39 and a 200-day moving average of $99.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69.
VSE Company Profile
(
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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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