VSE (NASDAQ:VSEC) Price Target Cut to $220.00 by Analysts at Royal Bank Of Canada

VSE (NASDAQ:VSEC) had its price objective decreased by Royal Bank Of Canada from $250.00 to $220.00 in a report published on Friday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the construction company’s stock.

A number of other analysts have also recently commented on VSEC. Zacks Research upgraded VSE from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Citigroup dropped their price objective on VSE from $261.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Stifel Nicolaus lifted their price objective on VSE from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. B. Riley Financial lifted their price objective on VSE from $208.00 to $258.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, Truist Financial set a $222.00 price objective on VSE in a research report on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $225.00.

VSE Price Performance

Shares of VSEC stock traded down $0.77 during mid-day trading on Friday, reaching $170.91. The stock had a trading volume of 593,031 shares, compared to its average volume of 493,811. VSE has a 12-month low of $112.50 and a 12-month high of $232.61. The company has a market cap of $4.80 billion, a P/E ratio of 192.03, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25. The business has a 50-day simple moving average of $199.51 and a 200 day simple moving average of $189.97. The company has a current ratio of 3.76, a quick ratio of 1.43 and a debt-to-equity ratio of 0.20.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Wednesday, February 25th. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.28. The business had revenue of $301.18 million during the quarter, compared to analysts’ expectations of $289.55 million. VSE had a return on equity of 7.60% and a net margin of 1.84%.The business’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter last year, the business posted $0.63 earnings per share. On average, sell-side analysts anticipate that VSE will post 4.57 earnings per share for the current year.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th were issued a $0.10 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $0.40 annualized dividend and a yield of 0.2%. VSE’s payout ratio is 44.94%.

Institutional Trading of VSE

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund grew its holdings in VSE by 11.1% in the 4th quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock valued at $47,488,000 after buying an additional 27,448 shares during the period. Ellevest Inc. purchased a new stake in VSE in the 4th quarter valued at about $323,000. EverSource Wealth Advisors LLC grew its holdings in VSE by 145.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after buying an additional 153 shares during the period. Handelsbanken Fonder AB grew its holdings in VSE by 47.4% in the 4th quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock valued at $968,000 after buying an additional 1,800 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in VSE by 17.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock valued at $381,000 after buying an additional 323 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

About VSE

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.