VSE’s (VSEC) Buy Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of VSE (NASDAQ:VSEC) in a research note released on Tuesday morning, Benzinga reports. They currently have a $85.00 price target on the construction company’s stock.

Several other equities research analysts also recently weighed in on VSEC. StockNews.com downgraded shares of VSE from a hold rating to a sell rating in a report on Friday, January 26th. Truist Financial upped their price objective on shares of VSE from $77.00 to $86.00 and gave the stock a buy rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $78.25.

VSE Stock Performance

VSEC stock opened at $75.10 on Tuesday. The company has a market capitalization of $1.18 billion, a P/E ratio of 31.29 and a beta of 1.67. The company has a 50-day simple moving average of $75.44 and a 200 day simple moving average of $64.99. VSE has a fifty-two week low of $41.17 and a fifty-two week high of $83.00. The company has a quick ratio of 0.95, a current ratio of 2.70 and a debt-to-equity ratio of 0.66.

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, May 1st. VSE’s dividend payout ratio (DPR) is presently 16.67%.

Institutional Investors Weigh In On VSE

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised its position in VSE by 18.1% in the third quarter. FMR LLC now owns 2,283,203 shares of the construction company’s stock worth $115,165,000 after acquiring an additional 350,313 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in VSE by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 784,606 shares of the construction company’s stock worth $50,694,000 after buying an additional 14,789 shares during the period. BlackRock Inc. raised its holdings in VSE by 1.7% during the 2nd quarter. BlackRock Inc. now owns 753,117 shares of the construction company’s stock worth $41,188,000 after buying an additional 12,654 shares during the period. Vanguard Group Inc. raised its holdings in VSE by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 712,274 shares of the construction company’s stock worth $46,020,000 after buying an additional 17,052 shares during the period. Finally, Jennison Associates LLC raised its holdings in VSE by 12.7% during the 4th quarter. Jennison Associates LLC now owns 495,902 shares of the construction company’s stock worth $32,040,000 after buying an additional 55,714 shares during the period. 91.54% of the stock is currently owned by institutional investors.

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.