VSE Corporation (NASDAQ:VSEC) Given Average Recommendation of “Buy” by Analysts

VSE Corporation (NASDAQ:VSEC) has been given a consensus rating of “Buy” by the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $239.7778.

A number of research analysts have recently weighed in on VSEC shares. Jefferies Financial Group set a $260.00 price objective on VSE in a research report on Tuesday, July 7th. Citigroup reissued a “buy” rating on shares of VSE in a report on Wednesday, July 1st. Royal Bank Of Canada raised their target price on shares of VSE from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Morgan Stanley set a $230.00 price target on shares of VSE in a report on Wednesday. Finally, Truist Financial upgraded shares of VSE to a “strong-buy” rating in a research report on Friday, May 1st.

Insiders Place Their Bets

In related news, COO Benjamin E. Thomas sold 6,500 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $196.82, for a total value of $1,279,330.00. Following the completion of the transaction, the chief operating officer owned 42,839 shares of the company’s stock, valued at approximately $8,431,571.98. This represents a 13.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On VSE

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Handelsbanken Fonder AB lifted its position in shares of VSE by 51.8% in the second quarter. Handelsbanken Fonder AB now owns 8,500 shares of the construction company’s stock valued at $1,942,000 after acquiring an additional 2,900 shares in the last quarter. GAMMA Investing LLC grew its position in shares of VSE by 89.0% during the second quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $63,000 after purchasing an additional 130 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of VSE by 7.2% during the first quarter. Glenmede Trust Co. NA now owns 7,147 shares of the construction company’s stock worth $1,318,000 after purchasing an additional 478 shares in the last quarter. Argent Capital Management LLC raised its stake in VSE by 58.8% during the 1st quarter. Argent Capital Management LLC now owns 7,927 shares of the construction company’s stock valued at $1,462,000 after purchasing an additional 2,934 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in VSE by 100.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 516 shares of the construction company’s stock valued at $95,000 after purchasing an additional 258 shares during the period. 91.54% of the stock is owned by institutional investors.

VSE Price Performance

Shares of VSE stock opened at $199.61 on Monday. VSE has a one year low of $125.27 and a one year high of $240.56. The stock’s fifty day moving average is $196.56 and its 200 day moving average is $199.33. The stock has a market cap of $5.60 billion, a P/E ratio of 84.22, a P/E/G ratio of 2.23 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.24 and a current ratio of 8.78.

VSE (NASDAQ:VSEC) last released its quarterly earnings results on Tuesday, May 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.24. The business had revenue of $324.58 million during the quarter, compared to analyst estimates of $309.19 million. VSE had a return on equity of 6.56% and a net margin of 4.95%.VSE’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. Sell-side analysts anticipate that VSE will post 4.3 earnings per share for the current year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. VSE’s payout ratio is 16.88%.

About VSE

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.