VSE Corporation (NASDAQ:VSEC) Given Consensus Recommendation of “Moderate Buy” by Analysts

VSE Corporation (NASDAQ:VSEC) has been given an average recommendation of “Moderate Buy” by the twelve analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $252.2222.

VSEC has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on VSE from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft boosted their target price on VSE from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. B. Riley Financial reissued a “buy” rating on shares of VSE in a research report on Friday, August 7th. Jefferies Financial Group restated a “buy” rating and issued a $275.00 price target on shares of VSE in a report on Sunday, August 9th. Finally, Weiss Ratings upgraded shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th.

VSE Stock Down 3.3%

Shares of NASDAQ VSEC opened at $208.68 on Tuesday. VSE has a 52-week low of $154.67 and a 52-week high of $247.85. The firm has a fifty day moving average of $215.83 and a 200-day moving average of $202.21. The stock has a market capitalization of $5.86 billion, a PE ratio of 66.88, a P/E/G ratio of 1.03 and a beta of 1.23. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31.

VSE (NASDAQ:VSEC) last issued its earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.82. VSE had a return on equity of 6.71% and a net margin of 6.17%.The business had revenue of $449.14 million for the quarter, compared to analyst estimates of $425.03 million. During the same period last year, the company posted $0.97 EPS. The business’s quarterly revenue was up 65.0% on a year-over-year basis. On average, analysts anticipate that VSE will post 5.78 EPS for the current year.

VSE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 15th. VSE’s dividend payout ratio (DPR) is currently 12.82%.

Insider Buying and Selling at VSE

In related news, CEO John A. Cuomo sold 17,500 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $242.49, for a total value of $4,243,575.00. Following the completion of the sale, the chief executive officer directly owned 169,537 shares in the company, valued at approximately $41,111,027.13. This represents a 9.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Benjamin E. Thomas sold 6,500 shares of the firm’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 transaction, 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 SEC filing for this sale provides additional information. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On VSE

Several institutional investors and hedge funds have recently modified their holdings of VSEC. Public Employees Retirement System of Ohio purchased a new stake in shares of VSE during the 2nd quarter valued at about $25,000. Allworth Financial LP purchased a new position in VSE in the 2nd quarter worth approximately $29,000. Transamerica Financial Advisors LLC purchased a new position in VSE in the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its holdings in VSE by 145.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after acquiring an additional 153 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in VSE in the second quarter valued at approximately $51,000. 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.