VSE Corporation (NASDAQ:VSEC) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Analysts collectively rate VSE Corporation “Buy,” with eight buy, two strong-buy and two hold ratings among 12 brokerages. The average 12-month price target is approximately $239.78.
• VSE reported strong quarterly results, posting $1.75 in earnings per share versus the $0.93 consensus estimate and $449.14 million in revenue, up 65% year over year.
• Institutional investors own 91.54% of VSE, with several major firms increasing their positions; however, the company’s COO sold 6,500 shares in June.

VSE Corporation (NASDAQ:VSEC - Get Free Report) has been assigned a consensus recommendation of "Buy" from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $239.7778.

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of VSE from a "hold" rating to a "strong-buy" rating in a report on Monday, July 6th. Truist Financial raised shares of VSE to a "strong-buy" rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $268.00 target price on shares of VSE in a research report on Thursday, May 7th. Weiss Ratings raised shares of VSE from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, July 20th. Finally, Jefferies Financial Group set a $260.00 price target on shares of VSE in a research note on Tuesday, July 7th.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $225.45 on Friday. VSE has a 1-year low of $152.47 and a 1-year high of $240.56. The firm has a market capitalization of $6.33 billion, a PE ratio of 72.26, a PEG ratio of 2.41 and a beta of 1.23. The business's 50 day moving average is $204.14 and its 200-day moving average is $199.84. The company has a current ratio of 8.78, a quick ratio of 6.24 and a debt-to-equity ratio of 0.12.

VSE (NASDAQ:VSEC - Get Free Report) last issued its earnings results on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.82. The business had revenue of $449.14 million during the quarter, compared to analyst estimates of $425.03 million. VSE had a return on equity of 7.93% and a net margin of 6.17%.VSE's revenue was up 65.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. Sell-side analysts predict that VSE will post 4.3 earnings per share for the current year.

Insider Activity

In other news, COO Benjamin E. Thomas sold 6,500 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer directly 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 the SEC website. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in VSE in the second quarter valued at about $44,103,000. Emerald Advisers LLC boosted its holdings in VSE by 12.6% during 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. grew its position in shares of VSE by 10.4% during the 1st 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 period. Emerald Mutual Fund Advisers Trust grew its position in shares of VSE by 16.4% during the 1st 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 period. Finally, New York State Common Retirement Fund increased its stake in shares of VSE by 11.1% in the 4th quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company's stock valued at $47,488,000 after acquiring an additional 27,448 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

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.

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