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

Shares of VSE Corporation (NASDAQ:VSEC) have been assigned an average rating of “Buy” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $241.4444.

VSEC has been the topic of a number of research analyst reports. Truist Financial raised shares of VSE to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings downgraded shares of VSE from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Jefferies Financial Group set a $260.00 price target on shares of VSE in a research note on Tuesday, July 7th. Citigroup reissued a “buy” rating on shares of VSE in a research report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $268.00 price objective on shares of VSE in a research note on Thursday, May 7th.

VSE Stock Performance

VSEC opened at $211.30 on Monday. 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 has a one year low of $125.00 and a one year high of $240.56. The company has a market cap of $5.93 billion, a P/E ratio of 89.16, a PEG ratio of 2.36 and a beta of 1.21. The business’s 50-day simple moving average is $195.24 and its 200-day simple moving average is $198.50.

VSE (NASDAQ:VSEC) last posted its earnings results on Tuesday, May 5th. The construction company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.24. The firm had revenue of $324.58 million during the quarter, compared to analysts’ expectations of $309.19 million. VSE had a return on equity of 6.56% and a net margin of 4.95%.The firm’s revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, equities research analysts expect that VSE will post 4.3 EPS for the current fiscal year.

VSE Announces Dividend

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

Insider Activity

In related news, COO Benjamin E. Thomas sold 6,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the transaction, the chief operating officer owned 42,839 shares in the company, valued at $8,431,571.98. This trade represents a 13.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On VSE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of VSE by 34.2% during 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 last quarter. AQR Capital Management LLC purchased a new stake in VSE in the 1st quarter valued at $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in VSE by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock worth $1,258,000 after purchasing an additional 470 shares during the period. Goldman Sachs Group Inc. boosted its stake in 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 purchasing an additional 32,489 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in VSE by 56.6% during the 1st 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 purchasing an additional 18,220 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.