VSE CORPORATION
In the published model solve dated 2026-Q2, anchored at $215.09, VSE CORPORATION (VSEC) is priced for today's economics sustained for ~13.6 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• VSE has reinvented itself as a pure-play aviation aftermarket company, selling parts and performing maintenance, after divesting its older fleet and federal-defense businesses; the 10-K describes results ⟦"following the sales of the Company's Fleet and Federal and Defense"⟧ segments. • The defining risk is the price itself: at roughly 59 times operating income, no standard valuation family reaches it, so the equity is a bet on flawless integration of a debt-and-equity-funded acquisition spree.
Is VSEC overvalued? See what's priced in →
341 institutional managers reported holding VSEC in 13F filings for the quarter ended 2026-03-31. 102 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 2.3M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (5.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
VSEC's share count grew 116.5% over the past five years. It pays a dividend, and has paid one every year in our records (16 and counting); the current rate is $0.40 a share annually. Cash returned over the past three years: $20.53M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at VSEC over the trailing three years. Absence is a fact about the company, not a signal. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
VSEC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | -1.3% | -4.8% |
| 2023-11-03 | +8.8% | +2.0% |
| 2024-03-09 | +2.0% | +4.0% |
| 2024-05-10 | -4.9% | +11.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
VSEC's latest 8-K filings: 2026-08-06 (items 8.01, 9.01); 2026-08-05 (items 2.02, 9.01); 2026-05-08 (items 5.07, 8.01, 9.01); 2026-05-07 (items 1.01, 2.01, 2.03, 7.01, 9.01); 2026-05-05 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.