VSE (NASDAQ:VSEC) Announces Earnings Results

VSE (NASDAQ:VSECGet Free Report) issued its quarterly earnings results on Wednesday. The construction company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.82, FiscalAI reports. VSE had a return on equity of 6.56% and a net margin of 4.95%.The business had revenue of $449.14 million during the quarter, compared to analysts’ expectations of $425.03 million.

VSE Price Performance

VSEC traded up $1.52 during trading on Wednesday, hitting $215.75. 431,573 shares of the company traded hands, compared to its average volume of 572,526. The company has a market cap of $6.05 billion, a PE ratio of 91.03, a P/E/G ratio of 2.31 and a beta of 1.23. The stock’s 50-day simple moving average is $202.33 and its two-hundred day simple moving average is $199.73. VSE has a 1 year low of $152.47 and a 1 year 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.

VSE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. VSE’s dividend payout ratio is currently 16.88%.

Insider Transactions at VSE

In other VSE news, COO Benjamin E. Thomas sold 6,500 shares of the business’s stock in a transaction on 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 sale, the chief operating officer owned 42,839 shares in the company, valued at $8,431,571.98. The trade was a 13.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On VSE

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in shares of VSE during the 1st quarter worth approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $1,258,000 after purchasing an additional 470 shares in the last quarter. Royal Bank of Canada lifted its position in VSE by 34.2% during the first quarter. Royal Bank of Canada now owns 13,139 shares of the construction company’s stock valued at $1,576,000 after purchasing an additional 3,350 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 worth $6,050,000 after buying an additional 18,220 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of VSE by 10.4% in 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 in the last quarter. 91.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on VSEC. Weiss Ratings upgraded shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $268.00 price target on shares of VSE in a research report on Thursday, May 7th. Truist Financial upgraded shares of VSE to a “strong-buy” rating in a research report on Friday, May 1st. Citigroup restated a “buy” rating on shares of VSE in a research note on Wednesday, July 1st. Finally, Zacks Research raised shares of VSE from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, VSE has an average rating of “Buy” and an average price target of $239.78.

Check Out Our Latest Stock Analysis on VSEC

About VSE

(Get Free Report)

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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Earnings History for VSE (NASDAQ:VSEC)

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