VSE Corporation (NASDAQ:VSEC) Stock Has Consensus Price Target of $258.12 According to Analysts

VSE Corporation (NASDAQ:VSEC) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $258.12.

Several brokerages recently issued reports on VSEC. Deutsche Bank Aktiengesellschaft boosted their price objective on VSE from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. B. Riley Financial restated a “buy” rating on shares of VSE in a report on Friday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $275.00 price target on shares of VSE in a research note on Sunday, August 9th. Stifel Nicolaus upped their price target on shares of VSE from $245.00 to $260.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Morgan Stanley lowered their price objective on shares of VSE from $245.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday.

Insiders Place Their Bets

In other news, CEO John Cuomo sold 17,500 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $242.49, for a total value of $4,243,575.00. Following the completion of the transaction, the chief executive officer owned 169,537 shares in the company, valued at $41,111,027.13. This trade represents a 9.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On VSE

Institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP boosted its stake in shares of VSE by 158.0% during the 2nd quarter. Allworth Financial LP now owns 129 shares of the construction company’s stock worth $29,000 after acquiring an additional 79 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of VSE by 5.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,764 shares of the construction company’s stock worth $291,000 after acquiring an additional 90 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of VSE during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC raised its stake in VSE by 89.0% in the 2nd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $63,000 after acquiring an additional 130 shares during the period. Finally, Transamerica Financial Advisors LLC bought a new stake in VSE in the 2nd quarter valued at $32,000. 91.54% of the stock is owned by institutional investors.

VSE Trading Down 1.0%

VSEC opened at $156.52 on Wednesday. The firm has a 50 day simple moving average of $191.58 and a 200 day simple moving average of $196.04. VSE has a fifty-two week low of $151.40 and a fifty-two week high of $247.85. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 50.17, a price-to-earnings-growth ratio of 0.65 and a beta of 1.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.77 and a quick ratio of 1.30.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.82. The business had revenue of $449.14 million during the quarter, compared to the consensus estimate of $425.03 million. VSE had a return on equity of 6.71% and a net margin of 6.17%. The firm’s revenue was up 65.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 earnings per share. On average, sell-side analysts anticipate that VSE will post 6.75 earnings per share for the current year.

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, October 15th. VSE’s dividend payout ratio (DPR) is currently 12.82%.

About VSE

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, overhaul, engineering, logistics and other sustainment services for government and commercial customers. The company supports complex assets and supply chains, with activities spanning aviation, defense, transportation and fleet markets.

Through its aviation businesses, VSE distributes aircraft parts and provides maintenance, repair and overhaul services for commercial, general aviation, business and government aircraft.