VSE (NASDAQ:VSEC) Raised to “Sell” at StockNews.com

StockNews.com upgraded shares of VSE (NASDAQ:VSEC) to a sell rating in a research report released on Tuesday morning.

VSEC has been the topic of several other reports. Jefferies Financial Group raised their price objective on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Royal Bank of Canada increased their price objective on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, December 6th. B. Riley lifted their price objective on VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Truist Financial reduced their target price on VSE from $133.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, VSE currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.83.

VSE Stock Up 0.2 %

VSE stock opened at $103.05 on Tuesday. VSE has a 52 week low of $59.18 and a 52 week high of $123.92. The business’s 50-day moving average price is $104.36 and its 200 day moving average price is $97.23. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The firm had revenue of $273.61 million during the quarter, compared to analysts’ expectations of $270.88 million. During the same period in the previous year, the business posted $0.92 EPS. Sell-side analysts predict that VSE will post 2.95 EPS for the current fiscal year.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $0.40 annualized dividend and a yield of 0.39%.

Institutional Trading of VSE

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of VSE in the 4th quarter worth approximately $24,018,000. Franklin Resources Inc. raised its holdings in shares of VSE by 121.6% in the 3rd quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company’s stock valued at $29,801,000 after buying an additional 178,435 shares during the period. Primecap Management Co. CA purchased a new position in VSE during the 3rd quarter valued at about $11,016,000. Jennison Associates LLC increased its stake in VSE by 12.7% during the fourth quarter. Jennison Associates LLC now owns 928,617 shares of the construction company’s stock worth $88,311,000 after purchasing an additional 104,868 shares during the period. Finally, Wasatch Advisors LP acquired a new stake in shares of VSE during the third quarter worth about $8,437,000. 91.54% of the stock is owned by institutional investors and hedge funds.

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.