VSE Corporation (NASDAQ:VSEC) Given Consensus Rating of “Moderate Buy” by Brokerages

VSE Corporation (NASDAQ:VSEC) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $239.1250.

VSEC has been the subject of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $245.00 target price on shares of VSE in a report on Sunday, May 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $268.00 price target on shares of VSE in a research note on Thursday, May 7th. Truist Financial upgraded shares of VSE to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings lowered shares of VSE from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Zacks Research lowered shares of VSE from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th.

Insider Activity

In other news, COO Benjamin E. Thomas sold 6,500 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the transaction, the chief operating officer directly owned 42,839 shares in the company, valued at $8,431,571.98. The trade was a 13.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VSEC. Fred Alger Management LLC grew its position in VSE by 26.2% during 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 period. Goldman Sachs Group Inc. grew its position in VSE by 10.4% during 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 period. Emerald Advisers LLC grew its position 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 period. New York State Common Retirement Fund grew its position in VSE by 11.1% during the fourth quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock worth $47,488,000 after buying an additional 27,448 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its position in VSE by 16.4% during 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 period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $208.17 on Thursday. The company has a 50-day simple moving average of $188.28 and a 200-day simple moving average of $192.40. VSE has a one year low of $123.69 and a one year 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 stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 87.84, a PEG ratio of 2.23 and a beta of 1.25.

VSE (NASDAQ:VSEC) last announced its earnings results on Tuesday, May 5th. The construction company reported $1.17 EPS 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 business had revenue of $324.58 million during the quarter, compared to analysts’ expectations of $309.19 million. During the same period in the prior year, the company earned $0.78 earnings per share. The business’s revenue was up 26.8% compared to the same quarter last year. On average, analysts predict that VSE will post 4.3 EPS for the current year.

VSE Announces Dividend

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

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.