William Blair Has Bearish Forecast for VSE Q4 Earnings

VSE Co. (NASDAQ:VSEC) – Research analysts at William Blair reduced their Q4 2024 earnings estimates for VSE in a research note issued to investors on Wednesday, November 6th. William Blair analyst L. Dipalma now forecasts that the construction company will earn $0.65 per share for the quarter, down from their previous forecast of $0.76. The consensus estimate for VSE’s current full-year earnings is $3.01 per share.

A number of other analysts have also commented on the company. StockNews.com upgraded VSE to a “sell” rating in a report on Thursday. Royal Bank of Canada lifted their target price on VSE from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday. Jefferies Financial Group lifted their price target on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Benchmark reiterated a “buy” rating and set a $100.00 target price on shares of VSE in a report on Friday, August 2nd. Finally, Truist Financial upped their price objective on VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, VSE has an average rating of “Moderate Buy” and an average price target of $116.83.

VSE Trading Up 3.0 %

VSEC opened at $117.80 on Friday. The firm’s fifty day simple moving average is $93.09 and its 200 day simple moving average is $87.36. The stock has a market capitalization of $2.17 billion, a P/E ratio of 35.84 and a beta of 1.56. The company has a current ratio of 3.53, a quick ratio of 1.17 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.

Insider Activity at VSE

In other VSE news, major shareholder Calvin Scott Koonce sold 9,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $89.90, for a total value of $836,070.00. Following the sale, the insider now owns 492,284 shares in the company, valued at $44,256,331.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 14.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On VSE

Several large investors have recently modified their holdings of VSEC. BNP Paribas Financial Markets lifted its holdings in VSE by 80.8% during the 1st quarter. BNP Paribas Financial Markets now owns 6,431 shares of the construction company’s stock worth $514,000 after purchasing an additional 2,874 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in shares of VSE in the 1st quarter valued at approximately $3,566,000. Russell Investments Group Ltd. increased its stake in shares of VSE by 11.9% in the 1st quarter. Russell Investments Group Ltd. now owns 90,252 shares of the construction company’s stock valued at $7,220,000 after purchasing an additional 9,608 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of 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, Capital Research Global Investors acquired a new stake in VSE in the first quarter valued at about $81,623,000. 91.54% of the stock is owned by institutional investors.

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.