VSE (NASDAQ:VSEC) Stock Price Up 3.3%

VSE Co. (NASDAQ:VSEC) 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 trading, a decline of 44% from the average daily volume of 132,695 shares. The stock had previously closed at $87.64.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VSEC shares. Jefferies Financial Group began coverage on VSE in a report on Wednesday, August 14th. They issued a “buy” rating and a $100.00 price objective for the company. B. Riley boosted their price target on shares of VSE from $91.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Benchmark restated a “buy” rating and issued a $100.00 target price on shares of VSE in a research note on Friday, August 2nd. Stifel Nicolaus began coverage on VSE in a research report on Friday, June 28th. They set a “buy” rating and a $101.00 price target for the company. Finally, Truist Financial raised their target price on shares of VSE from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $99.83.

VSE Stock Performance

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 simple moving average of $87.01 and a 200-day simple moving average of $80.48. The firm has a market cap of $1.45 billion, a PE ratio of 19.68 and a beta of 1.59.

VSE (NASDAQ:VSEC) last announced 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). VSE had a return on equity of 7.87% and a net margin of 1.21%. The business had revenue of $265.96 million during the quarter, compared to the consensus estimate of $256.60 million. As a group, equities research analysts anticipate that VSE Co. will post 3.17 EPS for the current year.

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders 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 annualized dividend and a yield of 0.44%. VSE’s payout ratio is 8.66%.

Institutional Investors Weigh In On VSE

A number of hedge funds and other institutional investors have recently modified their holdings of VSEC. Bfsg LLC bought a new position in VSE during the 4th quarter worth approximately $41,000. Simplex Trading LLC purchased a new position in VSE during the 4th quarter valued at about $199,000. Russell Investments Group Ltd. raised its position in VSE by 11.7% during the 4th quarter. Russell Investments Group Ltd. now owns 80,644 shares of the construction company’s stock valued at $5,210,000 after purchasing an additional 8,471 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in VSE by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 25,093 shares of the construction company’s stock worth $1,621,000 after buying an additional 710 shares during the period. Finally, AJOVista LLC bought a new stake in shares of VSE in the 4th quarter worth approximately $75,000. Institutional investors own 91.54% of the company’s stock.

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.