William Blair Estimates VSE’s Q4 Earnings (NASDAQ:VSEC)

VSE Co. (NASDAQ:VSEC) – William Blair dropped their Q4 2024 earnings estimates for shares of VSE in a report released on Wednesday, November 6th. William Blair analyst L. Dipalma now expects that the construction company will post earnings per share of $0.65 for the quarter, down from their prior estimate of $0.76. The consensus estimate for VSE’s current full-year earnings is $3.01 per share.

Several other research firms have also weighed in on VSEC. Benchmark reissued a “buy” rating and set a $100.00 price target on shares of VSE in a research report on Friday, August 2nd. Royal Bank of Canada raised their price objective on shares of VSE from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday. Truist Financial boosted their target price on shares of VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com upgraded VSE to a “sell” rating in a report on Thursday. Finally, B. Riley upped their price target on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.83.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $117.80 on Friday. The company has a market cap of $2.17 billion, a P/E ratio of 35.84 and a beta of 1.56. The company’s fifty day moving average is $93.09 and its two-hundred day moving average is $87.36. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55. VSE has a 12-month low of $57.10 and a 12-month high of $118.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new stake in VSE during the 2nd quarter worth about $42,000. US Bancorp DE increased its stake in VSE by 1,180.2% in the third quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock valued at $214,000 after purchasing an additional 2,384 shares in the last quarter. Archer Investment Corp acquired a new stake in VSE in the second quarter worth $247,000. Park Avenue Securities LLC boosted its position in shares of VSE by 13.8% during the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock worth $316,000 after purchasing an additional 464 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of VSE by 22.9% in the 2nd quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock valued at $399,000 after buying an additional 842 shares during the period. Institutional investors own 91.54% of the company’s stock.

Insider Activity

In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of VSE stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the sale, the insider now directly owns 463,284 shares in the company, valued at approximately $42,543,369.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.60% of the stock is currently owned by company insiders.

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.