Benchmark Boosts VSE (NASDAQ:VSEC) Price Target to $100.00

VSE (NASDAQ:VSEC) had its target price boosted by Benchmark from $85.00 to $100.00 in a research note issued to investors on Friday morning, Benzinga reports. Benchmark currently has a buy rating on the construction company’s stock.

A number of other research analysts have also recently issued reports on the stock. B. Riley lifted their price target on shares of VSE from $91.00 to $101.00 and gave the company a buy rating in a research report on Friday, May 10th. Truist Financial raised their price objective on shares of VSE from $86.00 to $92.00 and gave the company a buy rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $90.75.

VSE Trading Up 0.9 %

NASDAQ:VSEC opened at $82.44 on Friday. The company has a 50-day moving average price of $79.52 and a 200-day moving average price of $71.67. VSE has a 12 month low of $48.47 and a 12 month high of $87.83. The company has a current ratio of 3.33, a quick ratio of 0.99 and a debt-to-equity ratio of 0.74. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 25.37 and a beta of 1.62.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.12. VSE had a net margin of 2.56% and a return on equity of 8.85%. The company had revenue of $241.54 million during the quarter, compared to analysts’ expectations of $242.42 million. Equities analysts predict that VSE will post 3.47 EPS for the current year.

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 17th. This represents a $0.40 dividend on an annualized basis and a yield of 0.49%.

Institutional Trading of VSE

A number of large investors have recently made changes to their positions in the stock. Amalgamated Bank grew its stake in shares of VSE by 18.4% in the third quarter. Amalgamated Bank now owns 1,237 shares of the construction company’s stock worth $62,000 after acquiring an additional 192 shares during the period. Price T Rowe Associates Inc. MD grew its position in VSE by 8.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company’s stock valued at $500,000 after buying an additional 465 shares during the period. Bfsg LLC bought a new stake in VSE during the fourth quarter valued at approximately $41,000. Barclays PLC grew its position in VSE by 14.2% during the third quarter. Barclays PLC now owns 5,174 shares of the construction company’s stock valued at $261,000 after buying an additional 644 shares during the period. Finally, Fisher Asset Management LLC grew its position in VSE by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 25,093 shares of the construction company’s stock valued at $1,621,000 after buying an additional 710 shares during the period. 91.54% of the stock is currently owned by institutional investors.

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.