VSE Co. (NASDAQ:VSEC) Given Consensus Rating of “Buy” by Analysts

VSE Co. (NASDAQ:VSEC) has earned an average recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $99.83.

Several analysts recently issued reports on VSEC shares. Jefferies Financial Group started coverage on shares of VSE in a research report on Wednesday, August 14th. They set a “buy” rating and a $100.00 price target on the stock. Stifel Nicolaus began coverage on VSE in a research note on Friday, June 28th. They issued a “buy” rating and a $101.00 price target on the stock. Benchmark restated a “buy” rating and set a $100.00 price objective on shares of VSE in a research report on Friday, August 2nd. Truist Financial lifted their price target on shares of VSE from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 target price on shares of VSE in a report on Thursday, August 1st.

Institutional Investors Weigh In On VSE

Several large investors have recently added to or reduced their stakes in VSEC. The Manufacturers Life Insurance Company boosted its stake in VSE by 6.5% during the second quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company’s stock worth $463,000 after acquiring an additional 320 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in VSE by 8.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company’s stock worth $500,000 after acquiring an additional 465 shares in the last quarter. Innealta Capital LLC acquired a new stake in VSE in the second quarter valued at approximately $42,000. Bfsg LLC bought a new stake in shares of VSE during the fourth quarter valued at approximately $41,000. Finally, Fisher Asset Management LLC raised its position in shares of VSE by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 25,093 shares of the construction company’s stock worth $1,621,000 after purchasing an additional 710 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Stock Up 0.7 %

Shares of VSE stock opened at $87.64 on Friday. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55. VSE has a 12-month low of $48.47 and a 12-month high of $94.10. The firm’s 50-day moving average price is $86.68 and its two-hundred day moving average price is $80.20.

VSE Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.46%.

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.