Royal Bank Of Canada Issues Positive Forecast for VSE (NASDAQ:VSEC) Stock Price

VSE (NASDAQ:VSEC) had its price target raised by Royal Bank Of Canada from $225.00 to $250.00 in a report issued on Friday,Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

VSEC has been the subject of several other research reports. B. Riley Financial increased their price target on shares of VSE from $208.00 to $258.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Truist Financial set a $222.00 target price on shares of VSE in a report on Friday, January 9th. Citigroup raised their price target on VSE from $215.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of VSE in a research note on Monday, December 29th. Finally, Stifel Nicolaus increased their price objective on shares of VSE from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.29.

VSE Stock Up 0.3%

Shares of VSEC stock traded up $0.57 on Friday, hitting $227.07. The stock had a trading volume of 616,488 shares, compared to its average volume of 786,606. The company has a market cap of $5.23 billion, a PE ratio of 255.13, a P/E/G ratio of 2.58 and a beta of 1.35. The company has a quick ratio of 1.41, a current ratio of 3.94 and a debt-to-equity ratio of 0.35. VSE has a one year low of $100.53 and a one year high of $231.60. The business has a 50 day moving average price of $202.95 and a 200 day moving average price of $180.26.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, February 25th. The construction company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.28. The company had revenue of $301.18 million for the quarter, compared to the consensus estimate of $289.55 million. VSE had a net margin of 1.84% and a return on equity of 8.49%. VSE’s revenue was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. Research analysts anticipate that VSE will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. VSE’s dividend payout ratio (DPR) is currently 44.94%.

Hedge Funds Weigh In On VSE

Hedge funds have recently bought and sold shares of the business. Fred Alger Management LLC raised its position in shares of VSE by 26.2% during the third quarter. Fred Alger Management LLC now owns 394,499 shares of the construction company’s stock valued at $65,582,000 after buying an additional 81,788 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of VSE by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock worth $41,563,000 after purchasing an additional 32,489 shares during the last quarter. New York State Common Retirement Fund increased its stake in VSE by 11.1% in the fourth quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock valued at $47,488,000 after purchasing an additional 27,448 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of VSE by 2.3% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 135,516 shares of the construction company’s stock valued at $22,528,000 after purchasing an additional 3,100 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in VSE by 1,331.0% in the 4th quarter. SG Americas Securities LLC now owns 59,642 shares of the construction company’s stock worth $10,304,000 after purchasing an additional 55,474 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

VSE Company Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.