VSE (NASDAQ:VSEC) Issues Earnings Results

VSE (NASDAQ:VSEC) posted its quarterly earnings data on Wednesday. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.82, FiscalAI reports. The company had revenue of $449.14 million for the quarter, compared to analysts’ expectations of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 7.93%. VSE’s revenue for the quarter was up 65.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 earnings per share.

VSE Stock Up 4.5%

Shares of VSE stock opened at $225.45 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.24 and a current ratio of 8.78. VSE has a 52-week low of $152.47 and a 52-week high of $240.56. The company’s 50 day moving average price is $204.14 and its 200-day moving average price is $199.84. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 72.26, a P/E/G ratio of 2.41 and a beta of 1.23.

Insider Buying and Selling

In related news, COO Benjamin E. Thomas sold 6,500 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the completion of the sale, the chief operating officer directly owned 42,839 shares in the company, valued at $8,431,571.98. This represents a 13.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On VSE

A number of hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund boosted its holdings in shares of VSE by 11.1% during the fourth quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock worth $47,488,000 after purchasing an additional 27,448 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in VSE by 56.6% during 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 valued at $6,050,000 after purchasing an additional 18,220 shares during the last quarter. Goldman Sachs Group Inc. raised its position in VSE by 10.4% during 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in VSE by 4.7% during the 1st 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 during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in VSE in the 1st quarter worth approximately $247,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Truist Financial raised VSE to a “strong-buy” rating in a research note on Friday, May 1st. Morgan Stanley set a $230.00 target price on shares of VSE in a report on Wednesday, July 15th. Citigroup reiterated a “buy” rating on shares of VSE in a research report on Wednesday, July 1st. Weiss Ratings raised shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Finally, Royal Bank Of Canada upped their price target on shares of VSE from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $239.78.

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.