VSE (NASDAQ:VSEC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of VSE (NASDAQ:VSEC) to a sell rating in a report published on Thursday morning.

A number of other equities analysts also recently commented on VSEC. Benchmark reissued a “buy” rating and set a $100.00 price objective on shares of VSE in a research report on Friday, August 2nd. B. Riley increased their price objective on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial lifted their price objective on shares of VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group raised their price target on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada upped their price objective on VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.83.

VSE Price Performance

Shares of VSEC opened at $117.80 on Thursday. The company has a market cap of $2.40 billion, a P/E ratio of 36.25 and a beta of 1.56. VSE has a fifty-two week low of $57.10 and a fifty-two week high of $118.94. The company has a quick ratio of 1.17, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average price is $93.09 and its 200 day moving average price is $87.49.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same quarter in the prior year, the company earned $0.92 earnings per share. On average, research analysts forecast that VSE will post 2.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $91.83, for a total value of $1,404,999.00. Following the transaction, the insider now directly owns 463,284 shares of the company’s stock, valued at approximately $42,543,369.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 14.60% of the company’s stock.

Hedge Funds Weigh In On VSE

A number of large investors have recently made changes to their positions in VSEC. The Manufacturers Life Insurance Company grew its holdings in shares of VSE by 6.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company’s stock worth $463,000 after acquiring an additional 320 shares during the period. Park Avenue Securities LLC boosted its position in shares of VSE by 13.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock worth $316,000 after buying an additional 464 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in VSE by 8.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company’s stock valued at $500,000 after acquiring an additional 465 shares during the last quarter. Innealta Capital LLC purchased a new position in VSE during the 2nd quarter valued at about $42,000. Finally, Arizona State Retirement System raised its position in VSE by 22.9% during the second quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock worth $399,000 after acquiring an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

About VSE

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.