Fintel reports that on July 24, 2023, RBC Capital maintained coverage of VSE (NASDAQ:VSEC) with a Outperform recommendation.
Analyst Price Forecast Suggests 31.39% Upside
As of July 6, 2023, the average one-year price target for VSE is 68.85. The forecasts range from a low of 63.63 to a high of $73.50. The average price target represents an increase of 31.39% from its latest reported closing price of 52.40.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for VSE is 1,048MM, an increase of 7.60%. The projected annual non-GAAP EPS is 3.83.
VSE Declares $0.10 Dividend
On May 3, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of June 12, 2023 received the payment on June 26, 2023. Previously, the company paid $0.10 per share.
At the current share price of $52.40 / share, the stock's dividend yield is 0.76%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.01%, the lowest has been 0.60%, and the highest has been 2.22%. The standard deviation of yields is 0.27 (n=234).
The current dividend yield is 0.89 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.20. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.11%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 265 funds or institutions reporting positions in VSE. This is an increase of 9 owner(s) or 3.52% in the last quarter. Average portfolio weight of all funds dedicated to VSEC is 0.24%, an increase of 4.73%. Total shares owned by institutions increased in the last three months by 1.34% to 12,323K shares. 
The put/call ratio of VSEC is 2.58, indicating a bearish outlook.
What are Other Shareholders Doing?
Koonce Calvin Scott holds 1,867K shares representing 12.15% ownership of the company. In it's prior filing, the firm reported owning 1,865K shares, representing an increase of 0.11%. The firm increased its portfolio allocation in VSEC by 99,900.00% over the last quarter.
FLPSX - Fidelity Low-Priced Stock Fund holds 1,159K shares representing 7.54% ownership of the company. In it's prior filing, the firm reported owning 1,165K shares, representing a decrease of 0.51%. The firm decreased its portfolio allocation in VSEC by 19.35% over the last quarter.
FIL holds 506K shares representing 3.30% ownership of the company. In it's prior filing, the firm reported owning 507K shares, representing a decrease of 0.17%. The firm decreased its portfolio allocation in VSEC by 8.61% over the last quarter.
Royce & Associates holds 474K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 541K shares, representing a decrease of 13.93%. The firm decreased its portfolio allocation in VSEC by 19.93% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 359K shares representing 2.34% ownership of the company. In it's prior filing, the firm reported owning 292K shares, representing an increase of 18.75%. The firm increased its portfolio allocation in VSEC by 8.84% over the last quarter.
VSE Background Information
(This description is provided by the company.)
VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services.
Additional reading:
- VSE Corporation Completes Desser Aerospace Acquisition
- VSE CORPORATION DECLARES QUARTERLY CASH DIVIDEND
- MEMBERSHIP INTEREST PURCHASE AGREEMENT BY AND AMONG VSE CORPORATION, HURRICANE FDS COMPANY, LLC
- AGREEMENT AND PLAN OF MERGER BY AND AMONG VSE AVIATION, INC.,
- V S E c o r p .c o m First Quarter 2023 Results Conference Call May 2023 This presentation contains statements that, to the extent they are not recitations of historical fact, constitute "forward looking statements" within the meaning of Section 27A
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
