VSE (NASDAQ:VSEC) Stock Rating Lowered by Zacks Research

VSE (NASDAQ:VSEC) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley set a $230.00 target price on VSE in a report on Wednesday, July 15th. Truist Financial upgraded VSE to a “strong-buy” rating in a research note on Friday, May 1st. Royal Bank Of Canada lifted their price target on VSE from $240.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on VSE from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $246.67.

VSE Stock Performance

Shares of VSE stock opened at $241.82 on Monday. The business has a 50-day simple moving average of $206.85 and a 200-day simple moving average of $200.13. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 3.77. VSE has a one year low of $154.67 and a one year high of $242.54. The company has a market cap of $6.79 billion, a PE ratio of 77.51, a P/E/G ratio of 2.47 and a beta of 1.23.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.82. VSE had a net margin of 6.17% and a return on equity of 6.71%. The company had revenue of $449.14 million during the quarter, compared to the consensus estimate of $425.03 million. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was up 65.0% on a year-over-year basis. On average, equities research analysts forecast that VSE will post 4.3 EPS for the current fiscal year.

Insider Buying and Selling

In other VSE news, COO Benjamin E. Thomas sold 6,500 shares of VSE stock in a transaction on Friday, June 12th. The shares were 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 in the company, valued at approximately $8,431,571.98. The trade was a 13.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On VSE

A number of hedge funds and other institutional investors have recently made changes to their positions in VSEC. Emerald Investment Advisers LLC acquired a new position in VSE in the 2nd quarter valued at about $5,474,000. Allworth Financial LP acquired a new stake in VSE during the 2nd quarter worth approximately $29,000. Lisanti Capital Growth LLC acquired a new position in shares of VSE in the second quarter valued at approximately $4,971,000. Alpine Woods Capital Investors LLC acquired a new position in shares of VSE in the second quarter valued at approximately $288,000. Finally, Deutsche Bank AG purchased a new stake in shares of VSE during the second quarter worth approximately $6,782,000. Hedge funds and other 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.