VSE (NASDAQ:VSEC) Announces Earnings Results

VSE (NASDAQ:VSEC) released its quarterly earnings data on Wednesday. The construction company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.93 by $0.82, FiscalAI reports. The business had revenue of $449.14 million for the quarter, compared to analyst estimates of $425.03 million. VSE had a return on equity of 6.56% and a net margin of 4.95%.The business’s quarterly revenue was up 65.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 EPS.

VSE Stock Up 0.7%

VSEC stock opened at $215.75 on Thursday. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 91.03, a PEG ratio of 2.39 and a beta of 1.23. The firm has a 50-day moving average of $203.17 and a two-hundred day moving average of $199.76. VSE has a 12 month low of $152.47 and a 12 month high of $240.56. The company has a current ratio of 8.78, a quick ratio of 6.24 and a debt-to-equity ratio of 0.12.

Wall Street Analysts Forecast Growth

A number of analysts recently 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. Royal Bank Of Canada raised their target price on VSE from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Morgan Stanley set a $230.00 price target on VSE in a report on Wednesday, July 15th. Weiss Ratings raised VSE from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. 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.com, the stock currently has an average rating of “Buy” and a consensus target price of $239.78.

Insider Buying and Selling

In related news, COO Benjamin E. Thomas sold 6,500 shares of VSE 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 approximately $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 SEC, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in VSE by 4.7% during the first 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 last quarter. AQR Capital Management LLC acquired a new stake in VSE during the first quarter worth approximately $247,000. Royal Bank of Canada lifted its position in shares of VSE by 34.2% during the 1st quarter. Royal Bank of Canada now owns 13,139 shares of the construction company’s stock worth $1,576,000 after buying an additional 3,350 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of VSE by 56.6% in 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 valued at $6,050,000 after buying an additional 18,220 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position 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 buying an additional 27,448 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.