VSE (NASDAQ:VSEC – Free Report) had its price target increased by Benchmark from $70.00 to $85.00 in a report published on Friday, Benzinga reports. Benchmark currently has a buy rating on the construction company’s stock.
Several other analysts have also commented on VSEC. B. Riley raised their price objective on shares of VSE from $70.00 to $72.00 and gave the stock a buy rating in a report on Friday, July 21st. StockNews.com assumed coverage on VSE in a research note on Thursday, October 5th. They issued a sell rating for the company. Truist Financial upped their price target on VSE from $67.00 to $77.00 and gave the stock a buy rating in a research note on Wednesday, November 15th. Finally, Royal Bank of Canada boosted their target price on shares of VSE from $65.00 to $70.00 and gave the company an outperform rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $72.40.
VSE Stock Up 0.9 %
VSE Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, October 31st. VSE’s payout ratio is 16.67%.
Hedge Funds Weigh In On VSE
Several institutional investors and hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. bought a new position in VSE in the 2nd quarter worth about $27,000. Captrust Financial Advisors raised its holdings in VSE by 789.2% in the second quarter. Captrust Financial Advisors now owns 658 shares of the construction company’s stock worth $25,000 after buying an additional 584 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of VSE by 333.9% in the third quarter. Tower Research Capital LLC TRC now owns 794 shares of the construction company’s stock worth $40,000 after buying an additional 611 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of VSE during the second quarter valued at approximately $60,000. Finally, Glass Jacobson Investment Advisors llc bought a new stake in shares of VSE during the second quarter valued at approximately $60,000. 69.36% of the stock is currently owned by institutional investors.
VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through three segments: Aviation, Fleet, and Federal and Defense. The Aviation segment provides international parts supply and distribution, supply chain solutions, and component and engine accessory maintenance, repair, and overhaul (MRO) services.
- Five stocks we like better than VSE
- Russell 2000 Index, How Investors Use it For Profitable Trading
- The most upgraded stocks in November have two things in common
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Monday.com rocked earnings like it’s the weekend
- 3 Monster Growth Stocks to Buy Now
- Plan to own one retailer? Make it this one
Receive News & Ratings for VSE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VSE and related companies with MarketBeat.com's FREE daily email newsletter.