VSE (NASDAQ:VSEC) Upgraded to “Strong-Buy” at Zacks Research

by · The Markets Daily

Zacks Research upgraded shares of VSE (NASDAQ:VSEC – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks reports.

VSEC has been the subject of several other reports. Weiss Ratings raised VSE from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Morgan Stanley set a $230.00 target price on shares of VSE in a research report on Wednesday, July 15th. Royal Bank Of Canada boosted their price objective on VSE from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Guggenheim began coverage on shares of VSE in a research note on Monday, September 14th. They issued a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of VSE from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, VSE currently has a consensus rating of “Moderate Buy” and an average price target of $260.00.

Check Out Our Latest Research Report on VSE

VSE Stock Performance

Shares of VSE stock opened at $168.48 on Monday. The company has a market cap of $4.73 billion, a PE ratio of 54.00, a price-to-earnings-growth ratio of 0.69 and a beta of 1.27. The business has a 50 day moving average price of $201.07 and a 200-day moving average price of $196.99. VSE has a 52 week low of $154.67 and a 52 week high of $247.85. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31.

VSE (NASDAQ:VSEC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, beating 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 business had revenue of $449.14 million for the quarter, compared to analysts’ expectations of $425.03 million. During the same period last year, the business earned $0.97 EPS. The business’s revenue was up 65.0% on a year-over-year basis. Equities analysts anticipate that VSE will post 6.75 earnings per share for the current fiscal year.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, October 15th. VSE’s dividend payout ratio (DPR) is 12.82%.

Insider Transactions at VSE

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in shares of VSE during the second quarter worth $44,103,000. American Capital Management Inc. purchased a new stake in VSE in the 2nd quarter worth $29,461,000. Bamco Inc. NY purchased a new stake in VSE in the 2nd quarter worth $22,888,000. Freestone Grove Partners LP bought a new position in shares of VSE during the 2nd quarter valued at about $18,721,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of VSE during the second quarter valued at about $16,383,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Company Profile

(Get Free Report)

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.

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