VSE Co. to Issue Quarterly Dividend of $0.10 (NASDAQ:VSEC)


VSE company. (NASDAQ:VSEC – Get Rating) declared a quarterly dividend on Wednesday, March 9, Zacks reports. Investors of record on Wednesday, May 4 will receive a dividend of 0.10 per share from the construction company on Wednesday, May 18. This represents a dividend of $0.40 on an annualized basis and a yield of 0.92%. The ex-dividend date is Tuesday, May 3.

VSE has increased its dividend by an average of 6.1% per year over the past three years and has increased its dividend every year for the past 1 year. VSE has a dividend payout ratio of 9.6%, indicating that its dividend is sufficiently covered by earnings. Analysts expect VSE to earn $4.06 per share next year, meaning the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio. 9.9%.

Shares of VSEC opened at $43.31 on Friday. The company has a debt ratio of 0.65, a quick ratio of 0.79 and a current ratio of 2.58. The stock has a 50-day moving average price of $44.29 and a 200-day moving average price of $51.64. The company has a market capitalization of $551.77 million, a P/E ratio of 61.00 and a beta of 1.51. VSE has a 52-week low of $39.48 and a 52-week high of $65.42.

VSE (NASDAQ:VSEC – Get Rating) last released its quarterly earnings data on Wednesday, April 27. The construction company reported EPS of $0.72 for the quarter, beating analyst consensus estimates of $0.53 by $0.19. VSE has a return on equity of 8.15% and a net margin of 1.11%. In the same quarter last year, the company posted earnings per share of $0.44. On average, equity analysts expect VSE to post 3.1 earnings per share for the current year.

VSEC has been the subject of a number of recent research reports. Royal Bank of Canada lowered its price target on VSE from $70.00 to $65.00 and set an “outperform” rating for the company in a Friday, March 11 report. TheStreet downgraded VSE from a ‘b’ rating to a ‘c’ rating in a Monday, April 11 report. Truist Financial reduced its target price on VSE from $73.00 to $65.00 in a Friday, March 11 report. Zacks Investment Research upgraded VSE from a “sell” rating to a “hold” rating in a Thursday, March 10 report. Finally, Canaccord Genuity Group reduced its target price on VSE from $72.00 to $66.00 in a Friday, March 11 report. Two research analysts rated the stock with a hold rating and five gave the company a buy rating. According to MarketBeat, the stock has an average buy rating and an average target price of $65.83.

Hedge funds and other institutional investors have recently changed their positions in the company. BNP Paribas Arbitrage SA increased its stake in TPE by 88.4% during the third quarter. BNP Paribas Arbitrage SA now owns 2,700 shares in the construction company valued at $130,000 after purchasing an additional 1,267 shares during the period. Citigroup Inc. increased its holdings in VSE by 114.8% during the fourth quarter. Citigroup Inc. now owns 2,750 shares of the construction company valued at $167,000 after purchasing an additional 1,470 shares during the period. Susquehanna International Group LLP bought a new position in VSE during the fourth quarter at a value of $201,000. Morgan Stanley increased its holdings in VSE by 17.3% during the second quarter. Morgan Stanley now owns 4,973 shares of the construction company valued at $246,000 after purchasing an additional 733 shares during the period. Finally, Parametric Portfolio Associates LLC bought a new position in VSE during the fourth quarter worth $248,000. 78.47% of the shares are held by institutional investors and hedge funds.

VSE Company Profile (Get an assessment)

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

Further reading

Dividend history for VSE (NASDAQ:VSEC)



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