VSE Corporation (NASDAQ:VSEC) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of VSE Corporation (NASDAQ:VSEC) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $260.00.

Several research analysts have recently weighed in on the stock. B. Riley Financial reiterated a “buy” rating on shares of VSE in a research note on Friday, August 7th. Stifel Nicolaus lifted their target price on VSE from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Guggenheim started coverage on VSE in a research report on Monday, September 14th. They issued a “neutral” rating for the company. Morgan Stanley set a $230.00 price objective on VSE in a research report on Wednesday, July 15th. Finally, Citigroup boosted their price objective on VSE from $263.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, August 13th.

VSE Price Performance

Shares of VSEC opened at $167.28 on Friday. The firm has a fifty day simple moving average of $202.34 and a two-hundred day simple moving average of $197.25. The firm has a market cap of $4.69 billion, a PE ratio of 53.62, a P/E/G ratio of 0.66 and a beta of 1.27. 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 has a 1-year low of $154.67 and a 1-year high of $247.85.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 EPS 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 company had revenue of $449.14 million during the quarter, compared to analyst estimates of $425.03 million. During the same quarter in the previous year, the company posted $0.97 earnings per share. VSE’s revenue was up 65.0% compared to the same quarter last year. On average, equities analysts anticipate that VSE will post 6.75 EPS for the current year.

VSE Announces Dividend

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

Insider Transactions at VSE

In other VSE news, CEO John Cuomo sold 1,566 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $187.49, for a total value of $293,609.34. Following the completion of the sale, the chief executive officer owned 167,971 shares in the company, valued at approximately $31,492,882.79. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Trading of VSE

Institutional investors have recently made changes to their positions in the business. Allworth Financial LP grew its holdings in VSE by 158.0% during the 2nd quarter. Allworth Financial LP now owns 129 shares of the construction company’s stock valued at $29,000 after buying an additional 79 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of VSE in the second quarter valued at $25,000. GAMMA Investing LLC increased its position in VSE by 89.0% in the second quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $63,000 after purchasing an additional 130 shares during the last quarter. Transamerica Financial Advisors LLC bought a new stake in VSE in the second quarter worth $32,000. Finally, EverSource Wealth Advisors LLC lifted its position in VSE by 145.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after purchasing an additional 153 shares during the last quarter. 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, engineering and logistics services. The company serves U.S. government agencies, defense organizations and commercial customers through specialized operating businesses focused on aviation, fleet management and federal services.

VSE Aviation distributes aircraft parts and related products and provides maintenance, repair and overhaul services for engines, components and other aviation systems. Its Fleet segment supports vehicle lifecycle management by supplying parts and providing maintenance, engineering and logistics services for government and commercial fleets.