VSE (NASDAQ:VSEC) Trading Down 6.9% – Here’s What Happened
by Doug Wharley · The Cerbat GemVSE Corporation (NASDAQ:VSEC – Get Free Report)’s stock price dropped 6.9% on Tuesday . The company traded as low as $211.87 and last traded at $209.4580. Approximately 129,465 shares traded hands during trading, a decline of 80% from the average daily volume of 646,404 shares. The stock had previously closed at $225.09.
Wall Street Analysts Forecast Growth
VSEC has been the subject of a number of recent research reports. Citigroup reduced their price target on VSE from $261.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VSE in a research report on Monday, December 29th. Stifel Nicolaus upped their price target 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 upped their price target 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 report on Friday, January 9th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $229.29.
View Our Latest Analysis on VSEC
VSE Trading Down 11.3%
The company has a market cap of $5.60 billion, a price-to-earnings ratio of 225.75, a P/E/G ratio of 2.07 and a beta of 1.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.43 and a current ratio of 3.76. The firm has a fifty day moving average price of $204.57 and a 200 day moving average price of $189.41.
VSE (NASDAQ:VSEC – Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The construction company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.88 by $0.28. The company had revenue of $301.18 million during the quarter, compared to the consensus estimate of $289.55 million. VSE had a return on equity of 7.60% and a net margin of 1.84%.The firm’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. As a group, equities analysts predict that VSE Corporation will post 4.57 EPS for the current fiscal year.
VSE Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.40 annualized dividend and a yield of 0.2%. VSE’s dividend payout ratio (DPR) is currently 44.94%.
Institutional Investors Weigh In On VSE
Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in VSE by 145.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after purchasing an additional 153 shares during the last quarter. AQR Capital Management LLC acquired a new stake in VSE during the 1st quarter valued at $247,000. Farther Finance Advisors LLC lifted its holdings in VSE by 946.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company’s stock valued at $313,000 after purchasing an additional 1,704 shares during the last quarter. Ellevest Inc. acquired a new stake in VSE during the 4th quarter valued at $323,000. Finally, SG Americas Securities LLC lifted its holdings in VSE by 262.1% during the 3rd quarter. SG Americas Securities LLC now owns 4,168 shares of the construction company’s stock valued at $693,000 after purchasing an additional 3,017 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.
VSE Company Profile
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.