B. Riley Has Bearish Forecast for VSE Q4 Earnings

VSE Co. (NASDAQ:VSEC - Free Report) - Equities researchers at B. Riley reduced their Q4 2024 EPS estimates for shares of VSE in a research note issued on Thursday, November 7th. B. Riley analyst J. Van. Sinderen now forecasts that the construction company will post earnings of $0.70 per share for the quarter, down from their previous forecast of $0.74. B. Riley has a "Buy" rating and a $132.00 price objective on the stock. The consensus estimate for VSE's current full-year earnings is $3.01 per share. B. Riley also issued estimates for VSE's FY2025 earnings at $4.59 EPS and FY2026 earnings at $5.91 EPS.

Several other brokerages have also recently issued reports on VSEC. Royal Bank of Canada upped their target price on shares of VSE from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday. Jefferies Financial Group upped their target price on shares of VSE from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Benchmark restated a "buy" rating and issued a $100.00 target price on shares of VSE in a report on Friday, August 2nd. StockNews.com upgraded shares of VSE to a "sell" rating in a research report on Thursday. Finally, Truist Financial upped their price target on shares of VSE from $115.00 to $133.00 and gave the company a "buy" rating in a research report on Thursday. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $116.83.

VSE Stock Up 3.0 %

Shares of VSE stock traded up $3.38 during trading hours on Friday, hitting $117.80. The company had a trading volume of 147,819 shares, compared to its average volume of 146,765. The company's 50-day moving average is $92.60 and its two-hundred day moving average is $87.07. VSE has a twelve month low of $57.10 and a twelve month high of $118.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.53 and a quick ratio of 1.17. The company has a market cap of $2.17 billion, a P/E ratio of 35.84 and a beta of 1.56.

Hedge Funds Weigh In On VSE

A number of large investors have recently bought and sold shares of the company. Capital Research Global Investors purchased a new position in VSE during the 1st quarter worth $81,623,000. Jennison Associates LLC raised its position in VSE by 3.8% during the 3rd quarter. Jennison Associates LLC now owns 823,749 shares of the construction company's stock worth $68,149,000 after buying an additional 29,811 shares during the last quarter. Dimensional Fund Advisors LP raised its position in VSE by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 822,784 shares of the construction company's stock worth $72,634,000 after buying an additional 15,323 shares during the last quarter. Vanguard Group Inc. raised its position in VSE by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 724,681 shares of the construction company's stock worth $57,974,000 after buying an additional 12,407 shares during the last quarter. Finally, AltraVue Capital LLC purchased a new position in VSE during the 2nd quarter worth $48,343,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Insider Activity at VSE

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the company's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $91.83, for a total value of $1,404,999.00. Following the completion of the sale, the insider now owns 463,284 shares in the company, valued at $42,543,369.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.60% of the stock is owned by 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.