William Blair Brokers Boost Earnings Estimates for VSE Co. (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC) – Equities researchers at William Blair upped their Q2 2024 earnings per share (EPS) estimates for shares of VSE in a research report issued on Tuesday, April 30th. William Blair analyst L. Dipalma now anticipates that the construction company will earn $0.93 per share for the quarter, up from their prior forecast of $0.85. The consensus estimate for VSE’s current full-year earnings is $3.79 per share. William Blair also issued estimates for VSE’s FY2024 earnings at $4.04 EPS.

VSEC has been the subject of a number of other reports. Truist Financial upped their price objective on VSE from $77.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Benchmark reiterated a “buy” rating and issued a $85.00 price target on shares of VSE in a research note on Tuesday, April 16th. Finally, StockNews.com cut VSE from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.25.

VSE Trading Up 3.1 %

Shares of NASDAQ VSEC opened at $82.90 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.70 and a quick ratio of 0.95. The stock has a market capitalization of $1.31 billion, a P/E ratio of 34.54 and a beta of 1.68. VSE has a 1-year low of $45.37 and a 1-year high of $83.14. The business has a fifty day moving average price of $77.32 and a 200 day moving average price of $66.86.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Wednesday, May 1st. VSE’s dividend payout ratio (DPR) is presently 16.67%.

Institutional Investors Weigh In On VSE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC acquired a new position in shares of VSE in the third quarter valued at about $22,203,000. FMR LLC increased its holdings in shares of VSE by 18.1% in the third quarter. FMR LLC now owns 2,283,203 shares of the construction company’s stock valued at $115,165,000 after purchasing an additional 350,313 shares during the period. Vanguard Group Inc. increased its holdings in shares of VSE by 17.5% in the third quarter. Vanguard Group Inc. now owns 695,222 shares of the construction company’s stock valued at $35,067,000 after purchasing an additional 103,586 shares during the period. TD Asset Management Inc acquired a new position in shares of VSE in the third quarter valued at about $1,609,000. Finally, Juniper Investment Company LLC increased its holdings in shares of VSE by 9.6% in the third quarter. Juniper Investment Company LLC now owns 362,363 shares of the construction company’s stock valued at $18,278,000 after purchasing an additional 31,850 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

VSE Company Profile

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.