VSE (NASDAQ:VSEC) Earns “Buy” Rating from Benchmark

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

Several other brokerages have also recently issued reports on VSEC. Truist Financial boosted their price target on VSE from $77.00 to $86.00 and gave the company a buy rating in a research report on Wednesday, January 10th. StockNews.com cut VSE from a hold rating to a sell rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $78.25.

VSE Stock Performance

Shares of VSEC stock opened at $75.68 on Tuesday. The stock has a market capitalization of $1.19 billion, a PE ratio of 31.53 and a beta of 1.67. VSE has a 52-week low of $41.17 and a 52-week high of $83.00. The stock’s 50-day moving average price is $75.62 and its 200 day moving average price is $65.17. 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 Dividend Announcement

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

Hedge Funds Weigh In On VSE

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of VSE by 18.1% in the 3rd 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 during the period. Dimensional Fund Advisors LP grew its holdings in shares of VSE by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 784,606 shares of the construction company’s stock worth $50,694,000 after acquiring an additional 14,789 shares during the period. BlackRock Inc. grew its holdings in shares of VSE by 1.7% in the 2nd quarter. BlackRock Inc. now owns 753,117 shares of the construction company’s stock worth $41,188,000 after acquiring an additional 12,654 shares during the period. Vanguard Group Inc. grew its holdings in shares of VSE by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 712,274 shares of the construction company’s stock worth $46,020,000 after acquiring an additional 17,052 shares during the period. Finally, Jennison Associates LLC grew its holdings in shares of VSE by 12.7% in the 4th quarter. Jennison Associates LLC now owns 495,902 shares of the construction company’s stock worth $32,040,000 after acquiring an additional 55,714 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.