VSE (NASDAQ:VSEC) Raised to “Strong-Buy” at Truist Financial

VSE (NASDAQ:VSEC) was upgraded by Truist Financial to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

A number of other analysts also recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of VSE in a research note on Friday, April 24th. Zacks Research upgraded VSE from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. B. Riley Financial upped their target price on VSE from $208.00 to $258.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. William Blair reiterated an “outperform” rating on shares of VSE in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada lowered their price target on VSE from $250.00 to $220.00 and set an “outperform” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, VSE has an average rating of “Buy” and an average target price of $225.00.

VSE Stock Down 0.4%

VSE stock opened at $170.91 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.43 and a current ratio of 3.76. The business’s 50-day simple moving average is $199.51 and its two-hundred day simple moving average is $189.97. The company has a market cap of $4.80 billion, a PE ratio of 192.03, a PEG ratio of 1.57 and a beta of 1.25. VSE has a fifty-two week low of $112.50 and a fifty-two week high of $232.61.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Wednesday, February 25th. The construction company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.28. VSE had a return on equity of 7.60% and a net margin of 1.84%.The business had revenue of $301.18 million for the quarter, compared to the consensus estimate of $289.55 million. During the same quarter in the previous year, the business earned $0.63 EPS. The company’s quarterly revenue was up 32.4% compared to the same quarter last year. Equities analysts anticipate that VSE will post 4.57 EPS for the current year.

Hedge Funds Weigh In On VSE

A number of hedge funds have recently made changes to their positions in the company. Fred Alger Management LLC raised its holdings in shares of VSE by 26.2% during the third quarter. Fred Alger Management LLC now owns 394,499 shares of the construction company’s stock valued at $65,582,000 after acquiring an additional 81,788 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of VSE by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock valued at $41,563,000 after acquiring an additional 32,489 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of VSE by 11.1% in the fourth quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock valued at $47,488,000 after purchasing an additional 27,448 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its holdings in shares of VSE by 2.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 135,516 shares of the construction company’s stock valued at $22,528,000 after purchasing an additional 3,100 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of VSE by 1,331.0% in the fourth quarter. SG Americas Securities LLC now owns 59,642 shares of the construction company’s stock valued at $10,304,000 after purchasing an additional 55,474 shares during the last quarter. Institutional investors and hedge funds 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.