VSE (NASDAQ:VSEC) Posts Earnings Results, Beats Estimates By $0.82 EPS

VSE (NASDAQ:VSEC) released its quarterly earnings results on Wednesday. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.82, FiscalAI reports. VSE had a net margin of 4.95% and a return on equity of 6.56%. The firm had revenue of $449.14 million for the quarter, compared to analysts’ expectations of $425.03 million.

VSE Trading Up 0.7%

Shares of NASDAQ VSEC traded up $1.52 during trading on Wednesday, hitting $215.75. 431,573 shares of the company were exchanged, compared to its average volume of 572,526. VSE has a 12-month low of $152.47 and a 12-month high of $240.56. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.24 and a current ratio of 8.78. The company has a fifty day moving average price of $202.33 and a 200-day moving average price of $199.73. The firm has a market capitalization of $6.05 billion, a PE ratio of 91.03, a P/E/G ratio of 2.31 and a beta of 1.23.

VSE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 15th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. VSE’s dividend payout ratio (DPR) is 16.88%.

Analyst Ratings Changes

A number of brokerages have weighed in on VSEC. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $268.00 price objective on shares of VSE in a report on Thursday, May 7th. Weiss Ratings upgraded shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Royal Bank Of Canada raised their price target 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. Jefferies Financial Group set a $260.00 price target on shares of VSE in a research report on Tuesday, July 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of VSE in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $239.78.

Insider Activity

In related news, COO Benjamin E. Thomas sold 6,500 shares of the company’s stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On VSE

Several institutional investors and hedge funds have recently bought and sold shares of VSEC. AQR Capital Management LLC acquired a new stake in shares of VSE during the 1st quarter worth approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in VSE by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock valued at $1,258,000 after acquiring an additional 470 shares during the last quarter. Royal Bank of Canada grew its position in VSE by 34.2% in the first quarter. Royal Bank of Canada now owns 13,139 shares of the construction company’s stock worth $1,576,000 after acquiring an additional 3,350 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in VSE by 56.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,422 shares of the construction company’s stock worth $6,050,000 after acquiring an additional 18,220 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in VSE by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock worth $41,563,000 after acquiring an additional 32,489 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.