Brokerages Set VSE Corporation (NASDAQ:VSEC) PT at $239.13

Shares of VSE Corporation (NASDAQ:VSEC) have earned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $239.1250.

A number of research firms recently weighed in on VSEC. Weiss Ratings lowered shares of VSE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. William Blair reissued an “outperform” rating on shares of VSE in a report on Thursday, March 12th. Zacks Research lowered shares of VSE from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Royal Bank Of Canada raised their price target on VSE from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Truist Financial upgraded VSE to a “strong-buy” rating in a research report on Friday, May 1st.

VSE Trading Up 1.9%

VSEC stock opened at $217.68 on Thursday. The firm has a fifty day moving average price of $189.04 and a 200 day moving average price of $193.95. VSE has a fifty-two week low of $123.69 and a fifty-two week high of $232.61. 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 firm has a market cap of $6.11 billion, a PE ratio of 91.85, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.

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

VSE Announces Dividend

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

Insider Transactions at VSE

In related news, COO Benjamin E. Thomas sold 6,500 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was 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 directly owned 42,839 shares in the company, valued at $8,431,571.98. This trade represents a 13.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of VSE

A number of institutional investors have recently bought and sold shares of VSEC. Fred Alger Management LLC lifted its position in VSE by 26.2% in the third quarter. Fred Alger Management LLC now owns 394,499 shares of the construction company’s stock worth $65,582,000 after buying an additional 81,788 shares during the last quarter. SG Americas Securities LLC lifted its position in VSE by 1,331.0% in the fourth quarter. SG Americas Securities LLC now owns 59,642 shares of the construction company’s stock worth $10,304,000 after buying an additional 55,474 shares during the last quarter. Emerald Advisers LLC lifted its position in VSE by 12.6% in the first quarter. Emerald Advisers LLC now owns 314,789 shares of the construction company’s stock worth $58,047,000 after buying an additional 35,246 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in VSE by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock worth $41,563,000 after buying an additional 32,489 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in VSE by 16.4% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 195,915 shares of the construction company’s stock worth $36,127,000 after buying an additional 27,563 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

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.