VSE (NASDAQ:VSEC – Get Free Report) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, Zacks reports.
VSEC has been the subject of several other research reports. Weiss Ratings restated a “hold (c+)” rating on shares of VSE in a research report on Friday, October 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $275.00 price objective on shares of VSE in a research note on Sunday, August 9th. Royal Bank Of Canada lowered their price objective on shares of VSE from $265.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 28th. B. Riley Financial cut their target price on shares of VSE from $280.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on VSE from $280.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.38.
Check Out Our Latest Report on VSEC
VSE Price Performance
NASDAQ VSEC opened at $163.96 on Tuesday. The company has a 50-day moving average price of $175.24 and a two-hundred day moving average price of $195.50. VSE has a 52 week low of $138.85 and a 52 week high of $247.85. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 52.55, a price-to-earnings-growth ratio of 0.67 and a beta of 1.26. The company has a current ratio of 3.77, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31.
VSE (NASDAQ:VSEC – Get Free Report) last announced its earnings results on Wednesday, November 4th. The construction company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.25. VSE had a net margin of 6.17% and a return on equity of 6.71%. The firm had revenue of $541.01 million during the quarter, compared to analyst estimates of $512.13 million. During the same quarter in the prior year, the firm posted $0.99 EPS. VSE’s revenue was up 91.2% compared to the same quarter last year. Analysts forecast that VSE will post 6.72 EPS for the current year.
Insider Activity
In related news, CEO John Cuomo sold 1,566 shares of VSE stock in a transaction on Monday, September 14th. The stock was sold at an average price of $187.49, for a total transaction of $293,609.34. Following the completion of the sale, the chief executive officer owned 167,971 shares of the company’s stock, valued at approximately $31,492,882.79. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Emerald Advisers LLC increased its holdings in VSE by 12.6% in 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 last quarter. Bank of New York Mellon Corp acquired a new stake in VSE in the second quarter valued at approximately $44,103,000. Emerald Mutual Fund Advisers Trust lifted its stake in VSE by 16.4% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 195,915 shares of the construction company’s stock valued at $36,127,000 after acquiring an additional 27,563 shares during the last quarter. American Capital Management Inc. acquired a new stake in VSE in the second quarter valued at approximately $29,461,000. Finally, Bamco Inc. NY bought a new stake in VSE in the second quarter worth approximately $22,888,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.
About VSE
VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, overhaul, engineering, logistics and other sustainment services for government and commercial customers. The company supports complex assets and supply chains, with activities spanning aviation, defense, transportation and fleet markets.
Through its aviation businesses, VSE distributes aircraft parts and provides maintenance, repair and overhaul services for commercial, general aviation, business and government aircraft.
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