VSE (NASDAQ:VSEC – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.
A number of other equities analysts also recently weighed in on VSEC. Royal Bank Of Canada increased their price target on shares of VSE from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Truist Financial raised VSE to a “strong-buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $268.00 target price on shares of VSE in a report on Thursday, May 7th. Morgan Stanley assumed coverage on VSE in a research report on Friday, June 26th. They set an “equal weight” rating and a $245.00 price target for the company. Finally, William Blair restated an “outperform” rating on shares of VSE in a report on Thursday, March 12th. Two 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 stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $241.44.
Get Our Latest Stock Report on VSEC
VSE Price Performance
VSE (NASDAQ:VSEC – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.24. The firm had revenue of $324.58 million for the quarter, compared to analyst estimates of $309.19 million. VSE had a return on equity of 6.56% and a net margin of 4.95%.The firm’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. Equities research analysts forecast that VSE will post 4.29 EPS for the current year.
Insider Activity
In other VSE news, COO Benjamin E. Thomas sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $196.82, for a total value of $1,279,330.00. Following the transaction, the chief operating officer directly owned 42,839 shares of the company’s stock, valued at $8,431,571.98. This represents a 13.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.
Institutional Trading of VSE
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its holdings in VSE by 1,331.0% in the fourth quarter. SG Americas Securities LLC now owns 59,642 shares of the construction company’s stock valued at $10,304,000 after acquiring an additional 55,474 shares in the last quarter. Fred Alger Management LLC grew its holdings in VSE by 26.2% during the 3rd quarter. Fred Alger Management LLC now owns 394,499 shares of the construction company’s stock worth $65,582,000 after acquiring an additional 81,788 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 purchasing an additional 18,220 shares during the last quarter. New York State Common Retirement Fund raised its stake 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 purchasing an additional 27,448 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised 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 valued at $41,563,000 after purchasing an additional 32,489 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.
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.
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