VSE (NASDAQ:VSEC) Price Target Increased to $85.00 by Analysts at Benchmark

VSE (NASDAQ:VSEC) had its price target lifted by Benchmark from $70.00 to $85.00 in a research report report published on Friday, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Other research analysts have also issued reports about the stock. Royal Bank of Canada increased their target price on shares of VSE from $65.00 to $70.00 and gave the stock an outperform rating in a research note on Friday, November 3rd. StockNews.com initiated coverage on VSE in a research note on Thursday, October 5th. They issued a sell rating for the company. B. Riley upped their price target on VSE from $70.00 to $72.00 and gave the stock a buy rating in a research note on Friday, July 21st. Finally, Truist Financial increased their price target on VSE from $67.00 to $77.00 and gave the stock a buy rating in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $72.40.

VSE Price Performance

Shares of VSEC opened at $62.73 on Friday. The firm has a market cap of $988.00 million, a PE ratio of 26.14 and a beta of 1.53. VSE has a 52-week low of $39.88 and a 52-week high of $62.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 3.06. The business’s 50 day moving average price is $56.17 and its two-hundred day moving average price is $53.78.

VSE Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.64%. VSE’s dividend payout ratio (DPR) is currently 16.67%.

Institutional Trading of VSE

Several institutional investors and hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors grew its holdings in VSE by 789.2% during 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 in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of VSE in the 2nd quarter worth $27,000. Tower Research Capital LLC TRC raised its holdings 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 valued at $40,000 after purchasing an additional 611 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of VSE during the second quarter valued at about $60,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in shares of VSE during the second quarter valued at about $60,000. 69.36% of the stock is owned by hedge funds and other institutional investors.

About VSE

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.