VSE (NASDAQ:VSEC) Downgraded to Sector Perform at Royal Bank of Canada

Royal Bank of Canada cut shares of VSE (NASDAQ:VSEC – Get Rating) from an outperform rating to a sector perform rating in a research note released on Wednesday morning, Marketbeat.com reports. Royal Bank of Canada currently has $48.00 price target on the construction company’s stock, down from their prior price target of $65.00.

Other research analysts also recently issued reports about the company. Truist Financial cut their price objective on VSE from $73.00 to $65.00 in a research note on Friday, March 11th. William Blair reissued an outperform rating on shares of VSE in a research note on Friday, March 11th. StockNews.com began coverage on VSE in a research note on Thursday, March 31st. They issued a hold rating on the stock. Zacks Investment Research raised VSE from a sell rating to a hold rating in a research note on Thursday, March 10th. Finally, TheStreet downgraded VSE from a b rating to a c rating in a research note on Monday, April 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $63.00.

VSEC opened at $37.17 on Wednesday. VSE has a fifty-two week low of $36.25 and a fifty-two week high of $65.42. The business has a 50-day moving average of $42.22 and a 200-day moving average of $50.46. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.02 and a quick ratio of 0.91. The company has a market capitalization of $475.03 million, a PE ratio of 52.35 and a beta of 1.45.

VSE (NASDAQ:VSEC – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The construction company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.21. VSE had a return on equity of 8.08% and a net margin of 1.11%. The company had revenue of $231.24 million during the quarter, compared to the consensus estimate of $200.90 million. During the same period last year, the business earned $0.44 EPS. On average, equities research analysts expect that VSE will post 2.87 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 13th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, July 12th. VSE’s dividend payout ratio (DPR) is currently 56.34%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of VSE by 1.4% during the 4th quarter. BlackRock Inc. now owns 708,256 shares of the construction company’s stock worth $43,162,000 after purchasing an additional 10,115 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of VSE by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 683,380 shares of the construction company’s stock worth $31,497,000 after purchasing an additional 16,003 shares in the last quarter. Royce & Associates LP grew its holdings in shares of VSE by 14.3% during the 1st quarter. Royce & Associates LP now owns 609,262 shares of the construction company’s stock worth $28,081,000 after purchasing an additional 76,295 shares in the last quarter. Legal Advantage Investments Inc. grew its holdings in shares of VSE by 7.2% during the 1st quarter. Legal Advantage Investments Inc. now owns 243,551 shares of the construction company’s stock worth $11,225,000 after purchasing an additional 16,328 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of VSE by 4.8% during the 1st quarter. State Street Corp now owns 193,543 shares of the construction company’s stock worth $8,920,000 after purchasing an additional 8,920 shares in the last quarter. 80.29% of the stock is currently owned by hedge funds and other institutional investors.

About VSE (Get Rating)

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through three segments: Aviation, Fleet, and Federal and Defense. The Aviation segment provides international parts supply and distribution, supply chain solutions, and component and engine accessory maintenance, repair, and overhaul (MRO) services.

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