VSE (NASDAQ:VSEC) Stock Price Down 2.4% – Here’s What Happened

VSE Co. (NASDAQ:VSEC)’s stock price fell 2.4% on Friday . The stock traded as low as $99.06 and last traded at $99.50. 164,038 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 153,072 shares. The stock had previously closed at $101.98.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Truist Financial upped their price target on shares of VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their target price on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. StockNews.com upgraded VSE to a “sell” rating in a research note on Monday, December 9th. Jefferies Financial Group lifted their target price on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, B. Riley raised their price target on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.50.

VSE Trading Down 2.1 %

The business’s 50-day moving average is $109.58 and its 200 day moving average is $94.47. The firm has a market capitalization of $2.04 billion, a P/E ratio of 22.23 and a beta of 1.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $270.88 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. As a group, analysts anticipate that VSE Co. will post 2.92 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 23rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Thursday, January 23rd. VSE’s dividend payout ratio is presently 8.91%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VSEC. Innealta Capital LLC acquired a new position in shares of VSE during the 2nd quarter valued at $42,000. Sanctuary Advisors LLC bought a new position in shares of VSE during the 3rd quarter worth about $155,000. US Bancorp DE increased its position in VSE by 1,180.2% in the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock valued at $214,000 after buying an additional 2,384 shares in the last quarter. Archer Investment Corp acquired a new position in VSE during the 2nd quarter worth approximately $247,000. Finally, BNP Paribas Financial Markets boosted its holdings in VSE by 4.2% in the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock worth $274,000 after acquiring an additional 134 shares in the last quarter. 91.54% of the stock is 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.